Malaysia needs RM33bil investment to hit renewable energy target

November 9, 2019

translation: 1MDB scandal, among its other shortcomings, is promoting global warming.

Dateline 2019-09-13, NST:

Malaysia needs investments totalling RM33 billion in order to achieve its target of 20 per cent electricity generation from renewable energy (RE) sources by 2025, said Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.

She said the investments would be contributed by the government, public-private partnerships and private financing.

“The Securities Commission has already done a six-month study on green financing; it had formed the financing taskforce (for this purpose). It gave a report on 21 action items to facilitate the RM33 billion investment in RE and the government will look at all the action items and implement them accordingly,” she told reporters after officiating the inaugural 5-In-1 Power and Energy Asia Series exhibition here today.

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Yeo: Malaysia aiming for 20pc renewable energy use by 2025

November 8, 2019

I wonder what our current sustainable energy use is now? I guess uni students would be able to tell me from their capstone projects.

Dateline 2019-09-03, Malay Mail:

The government is seeking to increase the country’s target of renewable energy generation to 20 per cent in the next six years, said Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.

She said this will be accomplished via the Malaysia Energy Supply Industry 2.0 (MESI 2.0) plan which will be launched sometime this month.

“The idea is for a more competitive and diversified mix of electricity generation, one that is also more transparent for the industry and consumers,” Yeo said during the 5-in-1 Power Energy Series exhibition at the Malaysia International Trade and Exhibition Centre.

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In Sabah, doubts linger as Putrajaya’s MA63 review accused of being one-sided affair

November 7, 2019

Dateline 2019-09-02, Malay Mail:

Sabahans remain unconvinced of Putrajaya’s sincerity in reviewing the Malaysia Agreement 1963, with concerns that the terms of the review being a one-sided affair.

Noting that discussions are still ongoing, political observers say that it is imperative that talks prioritise the 40 per cent return of revenue from the state, and deal with the thorny issue of oil and gas ownership.

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IEM Shout Out – APCChE 2019 2 of 2

November 6, 2019

The place looks sparce, but there were 1600+ participants, I promise you. We want to beat that number, for the APCChE 2021, to be held in Malaysia. Be there.

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Petronas’ role in the larger economy

November 5, 2019

Dateline 2019-08-30, The Malaysian Reserve:

PETROLIAM Nasional Bhd (Petronas) is set to announce its second-quarter (2Q) financial results soon. The performance of Malaysia’s most profitable company will be watched eagerly by the market and its sole shareholder — the government.

As the state-owned energy company is the nerve centre of the country’s oil and gas sector, Petronas’ financial performance is critical to the wider economy. It is after all the most successful company based on revenues, profits and other financials. It is also celebrating its 45th birthday this year.

Indicators suggest Petronas’ listed downstream businesses would influence its overall profit, despite the average global oil price not tumbling to the dismal levels of January 2016.

Its upstream business, which accounts for about 55% of the group’s revenue, had been averaging at US$65 (RM273) a barrel level for the Brent contract from April to June this year, compared to above US$70 in the corresponding period last year.

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Exit Malaysia, GPS urged after data on Sarawak oil and gas reserves denied

November 4, 2019

Dateline 2019-08-27, FMT:

Petronas has no right to keep the Sarawak government in the dark about the amount of oil and gas reserves in Sarawak, Parti Bumi Kenyalang president Voon Lee Shan said.

He said this following Sarawak Chief Minister Abang Johari Openg’s claim that Petronas had refused to disclose any data or information on the state’s oil and gas reserve to the state government.

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IEM Shout Out – APCChE 2019 1 of 2

October 30, 2019

The place looks sparce, but there were 1600+ participants, I promise you. We want to beat that number, for the APCChE 2021, to be held in Malaysia. Be there.

 

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IEM Shout Out – CAFEO37 IEM Malaysian Pavillion 2 of 2

October 23, 2019

We look forward to you joining next year at Da Nang, Vietnam. This year, YB Tuan Baru Bian officiated the opening. We look forward to next year. Book your places now!

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IEM Shout Out – CAFEO37 IEM Malaysian Pavillion 1 of 2

October 16, 2019

We look forward to you joining next year at Da Nang, Vietnam. This year, YB Tuan Baru Bian officiated the opening. We look forward to next year. Book your places now!

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IEM Shout Out – Family Day 2019

October 9, 2019

Family Day 2019

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