KUALA LUMPUR, April 12 (Bernama) -- The renewable energy is expected to play a fundamental role in Malaysia's attempt to shift away from fossil fuel, as well as to embrace the global commitment on climate change and sustainability, said the Malaysian Investment Development Authority (MIDA).
In its e-newsletter for the March 2019 issue, MIDA said in 2018 alone, it conducted more than 50 programmes locally and abroad.
“We will continue to play our part to promote and facilitate further investments in green technology services,” it said.
The e-newsletter said Malaysia had, through the continuous enhancement of solar energy-related policies, taken crucial steps in incorporating a more proactive approach to encourage the participation of government agencies, the private sector and the public in the solar energy sector.
It said among the initiatives taken by Malaysia in shifting the energy supply industry towards incorporating more renewable energy mix included the implementation of Large Scale Solar projects, Supply Agreement for Renewable Energy and Net Energy Metering scheme.
By Mikhail Raj Abdullah
KUALA LUMPUR, April 8 -- Malaysia should not be pressured into setting higher targets under its renewable energy (RE) policy.
KUALA LUMPUR, April 8 -- Oil and gas (O&G) companies are expected to increase their capital expenditure (capex) programme in 2021, if crude oil prices stay between US$60 and US$70 per barrel (US$1= RM4.13), according to Moody's Investors Service.
KUALA LUMPUR, April 7 -- Velesto Energy Bhd's wholly-owned subsidiary, Velesto Drilling Sdn Bhd has won a contract for the provision of jack-up drilling rig services for Sarawak Shell Bhd/ Sabah Shell Petroleum Company Ltd.
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