Economy Ministry: Malaysia’s Energy Transition Roadmap to draw RM60.7b in investments
KUALA LUMPUR, July 12 — The latest estimates on the effectiveness of the National Energy Transition Roadmap’s (NETR) flagship projects and initiatives show investments involved will be worth RM60.7 billion instead of the initial projection of RM25 billion when the roadmap was launched on August 29, 2023.
Investment Opportunity In RE Abound In Terengganu
Terengganu launched the Cypark Merchang Hybrid Solar Energy (CMHSE) project, marking a significant milestone in Malaysia’s renewable energy landscape, as cited by MIDF Amanah Investment Bank Berhad in their report today (July 11, Thursday).
Philippines eyeing Qatari investments in renewable energy, AI
The top official of the Department of Trade and Industry (DTI) in the Philippines has identified several specific sectors or industries that could be infused with investments from the State of Qatar.
Indonesia’s Pertamina to invest $6.2bn in clean energy business
Indonesian state oil and gas giant Pertamina is planning to invest a total of $6.2 billion in clean energy and technology business ranging from hydrogen to electric vehicle batteries over the next five years, the company said on Friday.
Philippines Streamlines Renewable Energy Development Processes To Boost Investment
In a move aimed at bolstering renewable energy (RE) development and attracting investments, the Department of Energy (DOE) of the Philippines has introduced streamlined guidelines for RE projects.
CIF to lend USD500 million to the Philippines for renewable energy transition
The Government of the Philippines has secured USD500 million in investments from the Climate Investment Funds (CIF) to transition from coal to renewable energy.
Cambodia’s Investment Push in Europe Gets Positive Nod from Spain
Cambodia’s efforts to attract European investment received a boost after a successful visit by Deputy Prime Minister Sun Chanthol. During a “door-knocking mission” to Europe, DPM secured a positive response from Spain regarding potential investments in the Southeast Asian nation.
Delayed coal-fired power plant in southern Vietnam secures $980 mln loan from Eximbank Malaysia
Malaysia-based Toyo Ink Berhad and its wholly-owned Vietnam subsidiary, Song Hau 2 Power Company Ltd., have secured a $980 million loan from Eximbank Malaysia to develop a $3 billion coal-fired power plant in southern Vietnam.
