fb fb fb fb fb

In the energy sector, Japan wants to continue investing in Malaysia - Fadillah

The two leaders held a meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) 2024 Energy Ministers' Meeting in Lima.

LIMA, August 16 - Japan continues to deep interest in investing in the energy sector of Malaysia.

The focus is on the green hydrogen sector.

Deputy Prime Minister, Datuk Seri Fadillah Yusof disclosed that the commitment was expressed by Japan's Vice Minister of Economy, Trade and Industry, Nobuhiro Yoshida.

The two leaders held a meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) 2024 Energy Ministers' Meeting in Lima.

"They (Japan) have invested in Sarawak in hydrogen and so on. He (Yoshida) gave his commitment to continue supporting in terms of investment and is asking for our support and cooperation for what they have to offer.

The meeting with the delegations of Singapore and Brunei, on the other hand, touched on cross-border electricity trade.

Both countries expressed interest in continuing to obtain energy supply from Malaysia.

Meanwhile, the Vietnamese delegation is interested in exploring cooperation in the development of halal certificates.

In the meantime, Fadillah said Malaysia called the need for public-private partnership (PPP) in driving a sustainable and inclusive energy transition in the Asia Pacific.

He explained that it is important to mobilise resources, expertise and innovation to realise the mission.

"Public-private partnerships are essential in this energy transition effort. The development and implementation of clean energy solutions can be accelerated by creating a supportive environment.

"It is implemented through a regulatory framework that provides stability and predictability to investors, in addition to creating an innovation ecosystem through research and development," he said.

Fadillah, who is also the Minister of Energy Transition and Water Transformation, also informed that the success of several PPPs created by Malaysia can be a reference for APEC.

These include the Net Energy Metering Programme and the Large Scale Solar Programme.

Trainee