PETALING JAYA: The clear details and goals revealed under the second phase of the National Energy Transition Roadmap (NETR) has further affirmed that Malaysia’s power sector is on the right track of sustainability and growth. Citing emerging opportunities from the blueprint, analysts are optimistic that utility companies in the country will be able to expand and enhance their appeal to investors. It also outlined key investments of some RM1.3 trillion required for the energy transition, along with financing and policy initiatives. “Apart from the widely mentioned key targets of 70% RE installed capacity, coal free by 2050, we saw targets involving CCUS, hydrogen and bioenergy. It added that Reservoir Link Energy Bhd , a sub-contractor and mounting structure provider, would also benefit from higher job flows given the aggressive expansion in domestic RE capacity.

Source: The Star September 01, 2023 11:53 UTC