Fadillah: Malaysia's energy transition development attracts interest of Japanese


Deputy Prime Minister Datuk Seri Fadillah Yusof

KUALA LUMPUR: The rapid development of Malaysia’s energy transition, especially green and renewable energy and the overall energy market has attracted the interest of the Japan Bank for International Cooperation (JBIC).

Deputy Prime Minister Datuk Seri Fadillah Yusof said this is in line with the ASEAN Power Grid (APG) initiative, the main agenda to drive Malaysia, ASEAN as well as the global agenda for inclusive and equitable energy development as it assumes the ASEAN chair next year.

"Japan also voiced the interest of various companies related to submarine cable manufacturing to invest and thinks Malaysia is the best country for that," he said in a post on his official Facebook page, today.

Earlier, Fadillah who is also the Energy Transition and Water Transformation Minister (PETRA), held a meeting with JBIC chairman and special adviser to the Japanese Government, Tadashi Maeda, at his office in Parliament.

The meeting was a follow-up to Maeda’s meeting with Prime Minister Datuk Seri Anwar Ibrahim yesterday on Japan's commitment to raise existing investments by attracting more investors from Japan to Malaysia.

PETRA Deputy Secretary-General (Energy) Datuk Mohamad Razif Abd Mubin was also present at the meeting. - Bernama

Fadillah Yusof , JBIC , ASEAN , energy transition

   

Next In Business News

Bank Negara: SMEs need to swiftly integrate ESG practices into business operations
TM's 3Q net profit declines to RM465.03mil
KLK FY24 net profit declines 29.2% to RM590.96mil
IJM Land breaks ground on new aparthotel at Royal Mint Gardens
Sunway expects better performance from all its business segments
MBSB posts higher 3Q net profit of RM122.08mil
Leong Hup reports higher net profit in 3Q24
Ringgit weakens after Trump announces new tariffs on Mexico, Canada
WCT posts 3Q net profit of RM173.22mil
Guan Chong 3Q24 net profit up 68.7% to RM57.2mil

Others Also Read