0:01 Distinguished delegates, colleagues,
0:04 partners and friends, good asalam
0:08 alaikum. Good morning and pagi. Uh thank
0:10 you to Petra Ace and our partners for
0:14 convening ASEAN's premier platform for
0:16 energy collab collaboration.
0:19 This year's team powering ASEAN bridging
0:22 boundaries building prosperity captures
0:25 our shared ambition.
0:28 To bridge boundaries, we must first
0:29 build the infrastructure that connects
0:34 energy, economies, and communities.
0:37 Resilient, modern, and green
0:39 infrastructure are the backbone of
0:41 ASEAN's clean energy transition. For
0:45 without it, technology stall, and with
0:49 it, prosperity scales. The urgency of
0:52 the clean energy transition demand a new
0:55 kind of leadership.
0:57 one where businesses play a central role
1:02 as co-creators of systemic change.
1:04 ASEAN's renewable energy ambitions are bold.
1:06 bold.
1:10 Members member states aim to achieve 35%
1:13 renewable energy in installed capacity
1:15 by 2025
1:18 with net zero targets committed by most
1:20 nations for midentury.
1:24 Yet progress remains fragmented. Without
1:27 accelerated coordinated action, the
1:31 region risks falling short.
1:34 Corporate demand driven by ESG mandates,
1:37 decarbonization goals, net zero pledges,
1:40 and the rapid growth of energy intensive
1:42 sectors such as manufacturing,
1:45 logistics, and data centers has become a
1:47 central force in accelerating clean
1:50 energy adoption. To date, corporate
1:54 buyers have already enabled over 3.3
1:57 gawatt of new renewable energy capacity
1:59 in ASEAN through power purchase
2:02 agreements with data center energy
2:05 consumption in Saudi Asia projected to
2:08 quadruple by 2030.
2:10 The critical question now is whether
2:13 supply can scale fast enough to meet
2:15 this surging demand.
2:18 Transition at scale needs systems, not pilots.
2:19 pilots.
2:21 I think we can all agree that we are
2:24 past proof of concept
2:27 stage. Grid readiness, flexible
2:29 transmission, smart industrial zones,
2:33 and efficient logistics now determine
2:36 how fast and how fairly renewables scale.
2:39 scale.
2:40 Infrastructure must withstand climate
2:43 shocks, integrate new technologies, and
2:46 remain affordable. Especially for
2:48 communities andmemes, there is a need
2:51 for robust transmission and flexible
2:54 distribution that enable high re
2:57 penetration and grid balancing. One that
2:58 can connect through crossber
3:00 interconnections and power trade to
3:05 optimize resources and reliability.
3:08 A resilient grid is the great enabler
3:11 unlocking utility scale solar, wind,
3:16 hydro and new flexible resources.
3:18 One of the critical areas for deploying
3:20 more large scale RE systems is
3:24 increasing investments. However, due to
3:26 limited due to the limited fiscal
3:29 capacity held by countries and the
3:31 impact of the coid9 pandemic and other
3:35 global crisis, there is an urgency to
3:37 attract the participation of the private
3:41 sector. A well ststructured PPP, public
3:43 private partnership align long-term
3:45 public outcomes with private innovation
3:47 and efficiency.
3:50 Malaysia's green Malaysia's energy
3:53 transition alone requires 1.2 to 1.3
3:56 trillion by 2050 across generation,
4:00 grids, mobility, efficiency, and eing
4:03 emerging fuels. But only about 41% of
4:05 the required investments are
4:07 commercially viable in the short term
4:10 and approximately 59% are marginally
4:14 bankable or non-commercial.
4:17 This is where we come in. Um Group is
4:18 the flagship infrastructure arm of
4:20 Malaysia's sovereign wealth fund Kazana
4:22 National and our mandate is to lead
4:25 Kazana's domestic investment agenda in
4:28 the infrastructure space as well as
4:30 sustainable development initiatives in
4:34 Malaysia to finance our foray in RE. We
4:36 have uh 7 billion sustainable and
4:39 responsible investment suku program
4:41 which we plan to use in support of
4:44 Malaysia's drive to reduce emissions and
4:46 prepare for the growth of a lowcarbon
4:50 economy. With capital on our side, we
4:52 plan to leverage on our track record in
4:54 delivering large-scale infrastructure
4:56 projects through public private
4:59 partnerships to realize Malaysia's net
5:01 zero ambition.
5:03 Our entry into RE industry is rooted in
5:06 the vision of creating a globally
5:09 competitive thematic green investment
5:11 platform employing a direct and active
5:15 ownership approach. We have since 2023
5:17 engaged in several projects that align
5:19 with Malaysia's decarbonization and
5:22 energy transition goals to enhance
5:24 renewable energy capacity.
5:26 One of our flagship initiative
5:28 initiatives under our subsidiary uem
5:31 lestra is the development of a 1 gawatt
5:34 solar power plant under the corporate
5:37 renewable energy supply scheme or crest.
5:39 This project not only harnesses Malaysia's
5:42 Malaysia's
5:45 abundant solar resources, but also
5:47 establishes partnerships with leading
5:49 international players like Hexa
5:51 Renewables, bringing state-of-the-art
5:54 technology and expertise to our local
5:57 landscape. As part of the 1 gawatt solar
5:59 project, we are spearheading the
6:02 establishment of a reind industrial park
6:04 under um sunrise
6:06 strategically positioned in Gurbang Du
6:10 Sajaya Iscanda Joho. This initiative has
6:12 gathered in has garnered interest from
6:15 several prominent China based companies
6:17 in core sectors such as solar and energy storage.
6:19 storage.
6:22 In addition, we have incorporated
6:25 sustainable energy solutions expertise
6:27 through strategic acquisitions. For
6:31 example, Synergy SynergyC is at the
6:34 forefront of renewable energy deployment
6:36 with projects in bio gas, biomass, and
6:39 small hydro sectors. With over 150
6:41 megawatt of installed capacity from
6:44 these renewable sources, Synergy
6:47 contributes significantly to reduce
6:49 Malaysia's carbon footprint. Another
6:52 example is Nur Power, our first
6:55 independent power utility company, which
6:57 holds exclusive rights to sell
6:59 electricity within within the Koulim
7:02 High Park. This partnership is
7:04 instrumental in propelling our
7:07 decarbonization initiatives with a focus
7:09 on Koulim High Park as the starting
7:13 point. For this, we have earmarked 1.5
7:15 billion ringit investment to decarbonize
7:18 Malaysia's industrial parks.
7:20 This allocation underscores our
7:22 commitment to spearhead the
7:24 decarbonization of industrial parks
7:26 throughout Malaysia, beginning with KHTP
7:29 under Nur Power. By enhancing
7:32 operational efficiencies and reducing
7:34 carbon footprints, we aim to transform
7:38 KHDP into a benchmark of sustainability,
7:40 setting a precedent for other of for
7:42 other industrial parks across the
7:45 nation. for KHTP and other industrial
7:48 parks in Malaysia. As a starting point,
7:50 we focus on and invest in the
7:53 development of renewable and lowcarbon
7:55 energy generation storage distribution
7:58 projects for these parks.
8:00 This could this could contribute towards
8:02 the national target of achieving 70%
8:04 renewable energy in the power mix by
8:08 2050. We also look at energy efficiency
8:09 proc project projects with the
8:12 industrial park operators and tenants to
8:14 improve overall energy management and
8:17 consumption by heavy industrial users.
8:19 Beyond energy transition in these
8:21 industrial parks, we are also actively
8:24 exploring the development of adjacent
8:27 ventures such as industrial water
8:29 treatment plants which complement our
8:31 decarbonization initiatives and further
8:33 enhance Malaysia's industrial
8:36 sustainability landscape.
8:38 Decarboniz decarbonizing industrial
8:42 parks offer Malaysia a competitive edge
8:45 by appealing to investors prioritizing
8:47 eco-friendly locations. This
8:50 transformation will invigorate local
8:53 economy motivating motivate domestic
8:55 companies to motivating domestic
8:58 companies to expand and innovate while
9:00 fostering a culture of growth and resilience.
9:02 resilience.
9:03 These upgrades will also create
9:05 significant job opportunities across
9:07 sectors like renewable energy and
9:10 high-tech manufacturing. This will also
9:12 deepen the skill base of the local
9:14 workforce, contributing
9:17 to broader economic diversification and
9:19 supporting Malaysia's overall
9:22 sustainability agenda. Separately in
9:24 meeting the rising industrial water
9:26 demand in Malaysia, we are also
9:28 conducting a joint feasibility study
9:31 with Aqua Power to establish independent
9:33 power independent water and power plant
9:37 IWP facilities in Malaysia using
9:39 seawater reverse osmosis desalination technology.
9:41 technology.
9:43 Successfully delivering ASEAN's ARI
9:47 ambition and other targets requires a
9:50 strong systems approach at the regional
9:52 level. across the sectors that involve
9:55 the public private stakeholders. For
9:58 ASEAN, rising to the challenge means
10:01 operating at three stages. Working
10:04 together to achieve individual goals,
10:06 taking into consideration the inter
10:08 relationships amongst the goals and
10:11 finally delivering the goals in a way
10:14 that models the characteristics needed
10:17 for a sustainable and resilient society.
10:19 For example, we need to harmonize
10:21 interconnection standards, market
10:25 mechanisms, and crossber corridors,
10:28 positioning ASEAN as a a unified
10:30 competitive energy market where Malaysia
10:33 and our neighbors trade clean power reliably.
10:35 reliably.
10:38 We need to also en enable crossber
10:40 energy trade with integrated frameworks
10:43 that support reliability, affordability
10:45 and decarbonization.
10:48 And lastly, for us to have a common and
10:50 shared policies and platforms for
10:52 procurement, skills and technology
10:55 transfer to speed diffusion across
10:58 member states because when ASEAN builds
11:01 to common standards, we'll build once
11:09 Okay.
11:11 The road to energy transition and re is
11:13 no longer aspirational. It is a
11:16 competitive necessity. No company,
11:18 sector or country can do it alone.
11:21 Businessled collaboration supported by
11:23 enabling policy and infrastructure must
11:25 drive transition from ambition to
11:27 action. To meet surging corporate
11:29 demand, we need to accelerate
11:31 decarbonization and build a seamless
11:34 regional power market. ASEAN must
11:36 recognize corporate leadership and
11:38 government action
11:41 are two sides of the same coin that must
11:43 work hand in hand to address immediate
11:46 and long-term necessities. I am
11:47 confident if we build resilient
11:50 infrastructure together, we won't just
11:52 power ASEAN, but we will bridge
11:54 boundaries and build shared prosperity
11:56 for decades to come. Thank you very much.
11:56 much.
11:58 >> Thank you so much Dr. to Omran and um
12:00 Celestra for playing a part in
12:03 Malaysia's decarbonization
