Minister: Malaysia set to maximise green industry, renewable energy potential in 2020

March 5, 2020

Dateline 2020-01-03, Malay Mail:

Malaysia is set to maximize the potential of its green industry and renewable energy sector in 2020 to attain its objective of becoming South-east Asia’s green technology hub in the near future.

The commitment was spelt out by Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin who is determined to drive Malaysia to become a leader in the industry.

“We have done a lot about the renewable energy and green industry because we have a very clear target to achieve,” she said.

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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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Solar industry can generate more jobs in Malaysia, says minister

September 10, 2019

What I don’t like, is that virgin greenery is being cut down for RE purposes. When are we going to get ‘solar PV film’ which we can attach to our windows, replacing solar film? And we need cheap env-friend battery banks.

Dateline 2019-07-23, Malay Mail:

 The Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) is confident that the solar industry will be able to create more jobs in the country.

Minister Yeo Bee Yin said more than 54,300 Malaysians have been working in related fields in the industry since 2011.

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Malaysia can generate more electricity if all roofs use solar panels, says Yeo

June 22, 2019

Factually, Yes. Also, if we can harness all our cows to methane collection machines, we would have another gas source. And we need to reduce the cost of Solar PV panel installation to say, 3x normal roofing costs.

Now, if Malaysia can commercially produce cheaper, faster-charging, high energy density environmentally friendly rechargeable batteries, we are cooking with gas. Gravity/ pressure based energy storage facilities anyone?

Dateline 2019-05-14, The Star:

Malaysia can generate 1.4 times more electricity if all the roofs in Peninsular Malaysia are fitted with solar panels, compared with the conventional electricity generation of fossil fuel burning.

Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin said there are over 4.12 million buildings with solar rooftop potential in the peninsula.

If all these buildings are fitted with solar photovoltaic (PV) systems, it can generate a whopping 34,194 megawatt (MW) of electricity at any one time, she said.

In comparison, the current total electricity production in Malaysia is an average of 24,000 MW at any one time.

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Future lies with renewable energy

June 15, 2019

Dateline 2019-05-05, NST:

The government is committed to providing energy efficiency and renewable energy in electricity supply for the people.

Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin said despite the ministry having introduced and implemented 73 initiatives throughout the 10 months in administration, she said the most important programme was the renewable and efficient energy initiative.

She said the ministry was expecting 20 per cent of the country’s energy to be generated from renewable sources by 2025, adding that the initiative was to increase the renewable energy mix in electricity supply, thus reducing consumption of fossil fuels, as well as reducing greenhouse gas emissions.

“This is our new target. We have been producing greenhouse gasses and this is not good.

“Hence, we have created several new targets and policies to have better energy efficiency and to make use of renewable energy as a replacement for fossil fuels.

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Govt in bid to recover RM3.5 billion for Sabah’s incomplete pipeline project

February 8, 2019

Trying being the key word.

Dateline 2019-01-19, FMT:

Putrajaya is currently trying to recover the money it has already paid to the company contracted to build the Trans-Sabah Gas Pipeline (TSGP) project.

Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin said the company was paid 84% of the total cost of the project worth RM4 billion, but the project progress was only recorded at 14%.

“We have two options at the moment. Either to recover the fund which was paid prematurely or to carry on with the project,” she told reporters today after attending a briefing by indigenous empowerment group Pacos today.

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No decision yet on Trans-Sabah Gas Pipeline project, says minister

October 23, 2018

Can I have these T&C with my contracts? Pay first, finish work when MACC comes a-knockin.

Dateline 2018-07-28, Malay Mail:

No further decision has been made regarding the operation of the Trans-Sabah Gas Pipeline (TSGP) project after the suspension notice was issued on July 3, said Energy, Technology, Science, Climate Change and Environment Minister Yeo Bee Yin.

The ministry was still discussing what happened to RM3.5 billion paid for the TSGP project when the actual work had not been completed, she said.

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Pakatan won’t build nuke plants, says minister

October 4, 2018

Why?

Dateline 2018-07-20, Malay Mail:

The Pakatan Harapan (PH) government does not plan to build nuclear power plants or explore nuclear energy, minister Yeo Bee Yin said.

The energy, green technology, science, climate change and environment minister also said the Malaysia Nuclear Power Corporation, the regulatory agency for the nuclear sector under the Prime Minister’s Department, will be closed in the near future.

“Plans for nuclear power plants will be cancelled and some corporations will also be abolished, there’s no difficulty in doing this because the previous government did not sign any contracts for this,” Yeo said in an interview with Malay Mail.

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Cap Petronas’;s dividends to Putrajaya, says Selangor rep

September 9, 2014

Dateline 2014-06-28, MSN (that’ a first):

Petronas’s dividends to Putrajaya should be capped to ensure the national oil and gas company would continue to grow in the long run, a Selangor lawmaker said today.

Damansara Utama assemblywoman Yeo Bee Yin said between 2008 and 2012, Petronas paid 55% to 68% of their profits to Putrajaya in the form of dividends.

“The average percentage of payouts of national oil companies around the world is only 38%.

“In order to ensure Petronas’s long-term growth, it is time to amend Section 4 of the Petroleum Development Act 1974 to cap Petronas’s dividends,” she said in a statement today.

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