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Malakoff Corporation Berhad (“Malakoff”) recently participated in the Energy Transition Conference 2023 (“ETC 2023”) held on 28th and 29th August 2023 at the Kuala Lumpur Convention Centre as part of its commitment to spearheading the global green revolution. Organised by Tenaga Nasional Berhad the conference was aimed at converging industry players and policymakers through discussions and strategic dialogues on responsible energy transition that can find a balance between a sustainable energy system, energy security and affordability. Malakoff was a Gold partner in support of this event.
The event was launched by the Minister of Natural Resources, Environment and Climate Change Yang Berhormat Nik Nazmi Nik Ahmad.
Leveraging on the current Renewable Energy (“RE”) adoption pace in Malaysia, the ETC 2023 was focused on three main areas; the Future of Energy where resilience of grid infrastructure and greener lifestyle adoption was deliberated, Green Mobility where challenges and opportunities in deploying sustainable fuel sources to power vehicles were discussed, and Sustainable Cities where efficient use of technology was promoted to create sustainable cities with reduced carbon emission.
Malakoff’s Senior Vice President of the Local Generation Division Encik Muhammad Azmil Ismail was also invited as one of the panel speakers to provide his industry insights on the roles of implementing natural gas to bridge the gap between reliance on fossil fuels and a complete adoption of RE. In tandem with the recent release of the National Energy Transition Roadmap (“NETR”), this topic garnered much interest and sparked several debates among members of the audience.
On Day 2 of the event, the NETR Part 2 was also launched by the Prime Minister YAB Dato’ Seri Anwar Ibrahim, where it was announced that between RM120 to RM180 billion of investment opportunities in co-funded by government facilities would be made available to support the energy transition. It is also projected to bring about a 10% to 15% uplift to Malaysia’s gross domestic product value.
Malakoff’s participation in the ETC 2023 is testament to our dedication to minimising our environmental footprint, developing RE solutions and promoting environmental stewardship in line with the Government’s target to cut 45% of carbon intensity by 2030 and increase the RE capacity mix to 70% by 2050.