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#AEBF25 | Day 1 - Building Resilient Infrastructure for ASEAN’s Sustainable Energy Future | ASEAN Centre for Energy | YouTubeToText
YouTube Transcript: #AEBF25 | Day 1 - Building Resilient Infrastructure for ASEAN’s Sustainable Energy Future
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Core Theme
ASEAN's energy transition and prosperity are critically dependent on building resilient, modern, and green infrastructure, requiring a new era of business-led collaboration and systemic change to meet ambitious renewable energy goals and surging corporate demand.
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Distinguished delegates, colleagues,
partners and friends, good asalam
alaikum. Good morning and pagi. Uh thank
you to Petra Ace and our partners for
convening ASEAN's premier platform for
energy collab collaboration.
This year's team powering ASEAN bridging
boundaries building prosperity captures
our shared ambition.
To bridge boundaries, we must first
build the infrastructure that connects
energy, economies, and communities.
Resilient, modern, and green
infrastructure are the backbone of
ASEAN's clean energy transition. For
without it, technology stall, and with
it, prosperity scales. The urgency of
the clean energy transition demand a new
kind of leadership.
one where businesses play a central role
as co-creators of systemic change.
ASEAN's renewable energy ambitions are bold.
bold.
Members member states aim to achieve 35%
renewable energy in installed capacity
by 2025
with net zero targets committed by most
nations for midentury.
Yet progress remains fragmented. Without
accelerated coordinated action, the
region risks falling short.
Corporate demand driven by ESG mandates,
decarbonization goals, net zero pledges,
and the rapid growth of energy intensive
sectors such as manufacturing,
logistics, and data centers has become a
central force in accelerating clean
energy adoption. To date, corporate
buyers have already enabled over 3.3
gawatt of new renewable energy capacity
in ASEAN through power purchase
agreements with data center energy
consumption in Saudi Asia projected to
quadruple by 2030.
The critical question now is whether
supply can scale fast enough to meet
this surging demand.
Transition at scale needs systems, not pilots.
pilots.
I think we can all agree that we are
past proof of concept
stage. Grid readiness, flexible
transmission, smart industrial zones,
and efficient logistics now determine
how fast and how fairly renewables scale.
scale.
Infrastructure must withstand climate
shocks, integrate new technologies, and
remain affordable. Especially for
communities andmemes, there is a need
for robust transmission and flexible
distribution that enable high re
penetration and grid balancing. One that
can connect through crossber
interconnections and power trade to
optimize resources and reliability.
A resilient grid is the great enabler
unlocking utility scale solar, wind,
hydro and new flexible resources.
One of the critical areas for deploying
more large scale RE systems is
increasing investments. However, due to
limited due to the limited fiscal
capacity held by countries and the
impact of the coid9 pandemic and other
global crisis, there is an urgency to
attract the participation of the private
sector. A well ststructured PPP, public
private partnership align long-term
public outcomes with private innovation
and efficiency.
Malaysia's green Malaysia's energy
transition alone requires 1.2 to 1.3
trillion by 2050 across generation,
grids, mobility, efficiency, and eing
emerging fuels. But only about 41% of
the required investments are
commercially viable in the short term
and approximately 59% are marginally
bankable or non-commercial.
This is where we come in. Um Group is
the flagship infrastructure arm of
Malaysia's sovereign wealth fund Kazana
National and our mandate is to lead
Kazana's domestic investment agenda in
the infrastructure space as well as
sustainable development initiatives in
Malaysia to finance our foray in RE. We
have uh 7 billion sustainable and
responsible investment suku program
which we plan to use in support of
Malaysia's drive to reduce emissions and
prepare for the growth of a lowcarbon
economy. With capital on our side, we
plan to leverage on our track record in
delivering large-scale infrastructure
projects through public private
partnerships to realize Malaysia's net
zero ambition.
Our entry into RE industry is rooted in
the vision of creating a globally
competitive thematic green investment
platform employing a direct and active
ownership approach. We have since 2023
engaged in several projects that align
with Malaysia's decarbonization and
energy transition goals to enhance
renewable energy capacity.
One of our flagship initiative
initiatives under our subsidiary uem
lestra is the development of a 1 gawatt
solar power plant under the corporate
renewable energy supply scheme or crest.
This project not only harnesses Malaysia's
Malaysia's
abundant solar resources, but also
establishes partnerships with leading
international players like Hexa
Renewables, bringing state-of-the-art
technology and expertise to our local
landscape. As part of the 1 gawatt solar
project, we are spearheading the
establishment of a reind industrial park
under um sunrise
strategically positioned in Gurbang Du
Sajaya Iscanda Joho. This initiative has
gathered in has garnered interest from
several prominent China based companies
in core sectors such as solar and energy storage.
storage.
In addition, we have incorporated
sustainable energy solutions expertise
through strategic acquisitions. For
example, Synergy SynergyC is at the
forefront of renewable energy deployment
with projects in bio gas, biomass, and
small hydro sectors. With over 150
megawatt of installed capacity from
these renewable sources, Synergy
contributes significantly to reduce
Malaysia's carbon footprint. Another
example is Nur Power, our first
independent power utility company, which
holds exclusive rights to sell
electricity within within the Koulim
High Park. This partnership is
instrumental in propelling our
decarbonization initiatives with a focus
on Koulim High Park as the starting
point. For this, we have earmarked 1.5
billion ringit investment to decarbonize
Malaysia's industrial parks.
This allocation underscores our
commitment to spearhead the
decarbonization of industrial parks
throughout Malaysia, beginning with KHTP
under Nur Power. By enhancing
operational efficiencies and reducing
carbon footprints, we aim to transform
KHDP into a benchmark of sustainability,
setting a precedent for other of for
other industrial parks across the
nation. for KHTP and other industrial
parks in Malaysia. As a starting point,
we focus on and invest in the
development of renewable and lowcarbon
energy generation storage distribution
projects for these parks.
This could this could contribute towards
the national target of achieving 70%
renewable energy in the power mix by
2050. We also look at energy efficiency
proc project projects with the
industrial park operators and tenants to
improve overall energy management and
consumption by heavy industrial users.
Beyond energy transition in these
industrial parks, we are also actively
exploring the development of adjacent
ventures such as industrial water
treatment plants which complement our
decarbonization initiatives and further
enhance Malaysia's industrial
sustainability landscape.
Decarboniz decarbonizing industrial
parks offer Malaysia a competitive edge
by appealing to investors prioritizing
eco-friendly locations. This
transformation will invigorate local
economy motivating motivate domestic
companies to motivating domestic
companies to expand and innovate while
fostering a culture of growth and resilience.
resilience.
These upgrades will also create
significant job opportunities across
sectors like renewable energy and
high-tech manufacturing. This will also
deepen the skill base of the local
workforce, contributing
to broader economic diversification and
supporting Malaysia's overall
sustainability agenda. Separately in
meeting the rising industrial water
demand in Malaysia, we are also
conducting a joint feasibility study
with Aqua Power to establish independent
power independent water and power plant
IWP facilities in Malaysia using
seawater reverse osmosis desalination technology.
technology.
Successfully delivering ASEAN's ARI
ambition and other targets requires a
strong systems approach at the regional
level. across the sectors that involve
the public private stakeholders. For
ASEAN, rising to the challenge means
operating at three stages. Working
together to achieve individual goals,
taking into consideration the inter
relationships amongst the goals and
finally delivering the goals in a way
that models the characteristics needed
for a sustainable and resilient society.
For example, we need to harmonize
interconnection standards, market
mechanisms, and crossber corridors,
positioning ASEAN as a a unified
competitive energy market where Malaysia
and our neighbors trade clean power reliably.
reliably.
We need to also en enable crossber
energy trade with integrated frameworks
that support reliability, affordability
and decarbonization.
And lastly, for us to have a common and
shared policies and platforms for
procurement, skills and technology
transfer to speed diffusion across
member states because when ASEAN builds
to common standards, we'll build once
Okay.
The road to energy transition and re is
no longer aspirational. It is a
competitive necessity. No company,
sector or country can do it alone.
Businessled collaboration supported by
enabling policy and infrastructure must
drive transition from ambition to
action. To meet surging corporate
demand, we need to accelerate
decarbonization and build a seamless
regional power market. ASEAN must
recognize corporate leadership and
government action
are two sides of the same coin that must
work hand in hand to address immediate
and long-term necessities. I am
confident if we build resilient
infrastructure together, we won't just
power ASEAN, but we will bridge
boundaries and build shared prosperity
for decades to come. Thank you very much.
much.
>> Thank you so much Dr. to Omran and um
Celestra for playing a part in
Malaysia's decarbonization
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