Malaysia aims for 20 percent renewable energy use by 2025

05/09/2019 15:46:29 - views: 65

Malaysia now needs investments worth 33 billion MYR (over 7.8 billion USD) in order to achieve its target of 20 percent electricity generation from renewable energy sources by 2025, said a local official.
 
Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin (Photo: Internet) 
 
Talking with the press on September 3, Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin said the investments will be contributed by the government, public-private partnerships and private sector.
 
According to the minister, authorities built a report on 21 action items to facilitate the investments, which is being considered by the government.
 
In the meantime, Yeo said, the government will continue all the current incentives such as the Green Technology Financing Scheme and the Green Investment Tax Allowance to promote the growth of renewable energy.
 
Statistics in late August showed that the cost of generating per kilowatt-hour (kWh) from solar energy was lower than energy generation from natural gas sources, down up to 45 percent in just a few years.
 
The local media said Malaysia is one of the top countries globally in terms of energy consumption. Environment and health care issues have prompted the country to set many green energy development goals.
VietNamPlus

 Gửi ý kiến phản hồi

Họ và tên Email
Tiêu đề Mã xác nhận

News

Indonesian solar lessons from Vietnam

Cập nhật 04/09/2019

During the recent Jakarta Car Free Day on 28 July, Indonesia’s Minister of Energy and Mineral Resources,...

Innovation

EVN restructures the dependent accounting units

Cập nhật 07/11/2018

The Prime Minister has just directed Electricity of Vietnam (EVN) to restructure, reorganize and...

Investment

Over 7.3 trillion VND for power grid in central, Central Highlands regions

Cập nhật 02/04/2019

The Electricity Vietnam’s Central Power Corporation (EVNCPC) has announced that it plans to invest...

Business

EVNNPC’s electrical output in first seven months up 9.16%

Cập nhật 22/08/2019

The electrical output of the Northern Power Corporation (EVNNPC) in the first seven months of 2019 increased...

Production

Demand-Response programs planned to reduce power shortages

Cập nhật 16/07/2019

In order to strengthen power demand management, reduce risks of power shortages and ease pressure...