KUALA LUMPUR, Nov 23 — The leading companies of the 10 energy transition ‘flagship’ projects under the National Energy Transition Roadmap (NETR) include Prasarana, Khazanah Nasional Bhd, Tenaga Nasional Bhd (TNB), Sime Darby Property, Malakoff, and Petronas.
Economy Minister Rafizi Ramli said the government had opened participation for the 10 ‘flagship’ projects nationwide for leading companies to submit energy transition projects being worked on as the government does not want them to involve public allocation, which must be private projects.
“Out of those projects, after being screened by the government, there are 10 ‘flagship’ projects, including Prasarana, Khazanah Nasional, TNB, Sime Darby Property, Malakoff, and Petronas.
“The NETR policy’s overall implementation and governance, and also the progress of the flagship projects, will be monitored by the National Energy Council, which Prime Minister Datuk Seri Anwar Ibrahim will manage,” he said at the Ministers’ Question Time in the Dewan Rakyat yesterday.
Rafizi was responding to an additional question from Kubang Pasu MP Datuk Ku Abdul Rahman Ku Ismail, who wanted to know about NETR’s progress since its launch in August, which ministry will be leading it, and whether Petronas is also one of the first stakeholders in NETR.
He added that on the subject of which ministries will lead, it will actually depend on the specific field and project or enabler.
“For example, the financing is under the Finance Ministry, and there is also the Economy Ministry and the Investment, Trade, and Industry Ministry.
“Thse involving the enactment of the law is under the Natural Resources, Environment, and Climate Change Ministry, while those involving electricity regulation governance is already under either the Energy Commission or Seda (Sustainable Energy Development Authority),” Rafizi said.
On the progress of the projects, the minister said they had passed the ‘feasibility’ stage and entered into a ‘commercial agreement’.
“If we look at NETR’s announcement during the day, it involves investment announcements from foreign investors involving Khazanah and its partners. So, while the projects’ progress will be monitored on the level of the National Energy Council; these are commercial projects undertaken by Petronas, Khazanah, Sime Darby Property, and so on.
“I am sure it is actually in their best commercial interest to get this done as soon as possible because we already know that in terms of the interest of investors and also fund managers, they will often buy counters which shows the performance of renewable energy, which is good,” he said.
— Bernama
