PUTRAJAYA, July 30 — The successful implementation of 10 projects and six flagship initiatives under Phase One of the National Energy Transition Roadmap (NETR) will contribute to a fair and equitable energy transition and boost the growth of the country’s renewable energy industry, especially renewable energy.
Minister of Natural Resources and Climate Change Nik Nazmi Nik Ahmad, in a statement today, said the ministry will focus on implementing all relevant projects and initiatives to support the energy transition commitment.
The NRECC will ensure that all projects and initiatives provide optimal benefits to the country and the people.
“This is in line with the basic principle of the energy trilemma, which is to guarantee the reliability of the system and the supply of electricity to users, produce sustainable energy at an affordable cost and be able to reduce the carbon footprint of the national electricity supply system,” he said.
On Thursday (July 27), the government launched NETR Phase One, involving 10 key catalyst initiatives and six key energy transition drivers: energy efficiency, TBB, hydrogen, bioenergy, green mobility, and carbon capture, utilisation and storage (CCUS).
Among the high-impact projects to be implemented under NETR Phase One is the development of floating solar with a potential total capacity of 2,500 megawatts (MW) at the Tenaga Nasional Bhd hydro dam for electricity generation and energy storage, as well as the construction of 4.5 MW rooftop solar at residences, with a capacity of up to 10 kilowatts (kW) for each house.
Economy Minister Rafizi Ramli when launching NETR Phase 1 was quoted as saying the implementation of the plan will open up investment opportunities of between RM435 billion and RM1.85 trillion by 2050,
For NETR Phase One, the total committed investment is worth RM25 billion which is expected to create about 23,000 high-impact and high-quality jobs, and reduce 10,000 gigagrams of carbon dioxide equivalent annually.
Nik Nazmi said NRECC will ensure that the capacity of the national grid infrastructure for electricity supply is increased in line with TNB’s capacity increase commitment to support the implementation of the energy transition roadmap.
The projects and initiatives will be implemented until 2040. They are expected to support NRECC’s aim to increase the mix of TBB capacity in electricity supply to 70 per cent and achieve the country’s aspiration for net zero greenhouse gas release by 2050.
— Bernama
