Latest news with #EnergyTransitionandWaterTransformation
The Star
5 hours ago
- Business
- The Star
Govt studying nuclear energy potential, in line with cleaner energy mix, says Fadillah
KUALA LUMPUR: Putrajaya is mulling a phased approach to introducing nuclear energy as part of the national energy mix, says Datuk Seri Fadillah Yusof ( pic ). The Energy Transition and Water Transformation Minister said that this was in line with the country's target to achieve net-zero carbon emissions by 2050. 'Nuclear energy has been identified as a potential technology for providing a clean and stable baseload energy source, supporting the increasing electricity demand and the energy transition from fossil fuel usage. 'The government will focus on a comprehensive assessment of the nation's readiness in terms of policy, technical, institutional, legal, safety, human resource development, economic aspects, and public awareness,' he said in a written parliamentary reply on Thursday (July 24). He was responding to a question from Datuk Dr Ku Abd Rahman Ku Ismail (PN-Kubang Pasu) who had asked the government to state the current policy on nuclear energy as part of the national energy mix and hydrogen energy under the National Energy Transition Roadmap (NETR). Fadillah said that MyPower has been appointed to act as the Nuclear Energy Programme Implementing Organisation (NEPIO) in accordance with IAEA recommendations for countries intending to introduce nuclear energy as a source of electricity generation. 'MyPower will serve as the main coordinating agency for the development of the national nuclear energy program and is currently undertaking various initiatives,' he said. The initiatives included developing policies and strengthening the legal framework, conducting technical and feasibility studies and building human resource and institutional capacity. It also involves enhancing bilateral and multilateral cooperation with countries and international institutions in technology, training, and compliance with international standards, he added. 'The government also emphasises that any final decision regarding the construction of nuclear power plants will only be made once all prerequisites related to safety, technical, policy, and other important considerations are convincingly met,' said Fadillah. While nuclear energy is not included in the NETR launched in 2023, Fadillah said that hydrogen technology was identified as a potential technology to be developed under the roadmap. 'However, since the launch of NETR, nuclear energy has been recognised as a potential option to provide a clean, stable, and low-carbon baseload energy source, supporting increased electricity demand and efforts to reduce reliance on fossil fuels,' he said. He added that the government is ready to explore the potential of nuclear and hydrogen energy as sources of national electricity generation. This, he said, can reduce greenhouse gas emissions and strengthen national energy security, and transition from a fossil fuel-based economy to a high-value clean economy. 'Nuclear energy has the potential to support NETR by contributing to energy security, carbon emission reduction, and diversification of the national energy mix. 'Nuclear offers a consistent and reliable energy source to replace coal plants that will be phased out by 2044,' he added.
The Star
8 hours ago
- Business
- The Star
Majority unaffected by new TNB billing structure
EIGHTY-FIVE percent of the population in Peninsular Malaysia will not be impacted by the new electricity tariff structure that came into effect on July 1, says Deputy Prime Minister Datuk Seri Fadillah Yusof ( pic ). Fadillah, who is also the Energy Transition and Water Transformation Minister, said this is because a significant portion of domestic users, as well as micro, small and medium enterprises (MSMEs), are eligible for rebates. 'The key focus now is to promote efficient energy use. Those who consume energy more efficiently will be eligible for rebates,' he said during the oral question-and-answer session. Announced on June 20, the new tariff is designed to reflect actual supply costs and ensure fairer cost distribution. Unlike the previous system, it introduces multiple components such as capacity charges, network charges and retail charges, and shifts billing from an economic sector-based rate to one based on voltage connection levels. 'This approach enhances transparency. The government has put in place safeguards so the impact on domestic users remains minimal. In fact, domestic users consuming 600kWh or less monthly will be exempt from paying retail charges,' he said. Those consuming up to 1,000kWh will also receive energy efficiency incentives, while MSMEs using less than 200kWh monthly will benefit from similar assistance. These measures, he said, are intended to help businesses manage operational costs without passing them on to consumers. Fadillah stressed that the role of Tenaga Nasional Bhd (TNB) as a public listed company includes maintaining investor confidence while reinvesting profits into critical upgrades, especially in accommodating the growing share of renewable energy. 'Much of this profit will go back into upgrading the grid system to ensure reliable and affordable electricity. If the grid isn't improved, it won't be able to receive renewable energy, affecting energy security,' he said. He also assured that the government will continue the RM40 Electricity Bill Rebate Programme for hardcore poor households registered under the e-Kasih system, with RM55mil allocated for this year. In addition, the government is offering rebates for the purchase of energy-efficient appliances such as four- or five-star-rated air conditioners and refrigerators. 'When people choose energy-saving devices, they'll be rewarded with rebates at the point of purchase,' he said. Fadillah also encouraged eligible consumers to sign up for the 'time of use' electricity pricing scheme, where rates are cheaper during off-peak hours. However, this requires a smart meter to be installed and activated by TNB. To support this, the government is fast-tracking the rollout of smart meters nationwide. 'Whether in urban or rural areas, those who use energy wisely – particularly households that stay within 600kWh – can benefit from various incentives,' he said. Separately, the Cabinet has approved the implementation of an Automatic Fuel Adjustment (AFA) mechanism to replace the existing Imbalance Cost Pass-Through (ICPT). Unlike the ICPT, which adjusted fuel costs every six months, AFA will be revised monthly, with increases above 10% from the previous month requiring ministerial approval.
Borneo Post
20 hours ago
- Business
- Borneo Post
DPM Fadillah: 'Appreciation for the People' package shows Madani govt's commitment to rakyat
Fadillah says the initiative demonstrates the Prime Minister's recognition of the rakyat as the backbone of national stability, while reaffirming that the government remains steadfast in its policies and direction. – Bernama photo KUCHING (July 23): The 'Appreciation for the People' financial package announced by Prime Minister Datuk Seri Anwar Ibrahim today reflects the Madani government's strong commitment to the welfare and trust of the rakyat, said Deputy Prime Minister Dato Sri Fadillah Yusof. Describing the package as a message of unity and gratitude, Fadillah said it acknowledges the contributions of Malaysians from all backgrounds, including those in rural areas, urban centres, civil service, and agriculture. 'This is clear proof that 'Malaysia Madani' is not just a slogan but a national movement that we indulge in successfully together,' said Fadillah in a statement. He said the initiative demonstrates the Prime Minister's recognition of the rakyat as the backbone of national stability, while reaffirming that the government remains steadfast in its policies and direction. 'The Prime Minister has succeeded in instilling confidence that fiscal reforms are on the right track – with the people's support as the main thrust,' he said. Fadillah pointed to the country's strengthening economic momentum, noting that Malaysia's Gross Domestic Product (GDP) grew by 4.4 per cent in the first quarter of 2025, with a 4.5 per cent projection for the second quarter. He also highlighted Malaysia's jump of 11 spots to 23rd in the World Competitiveness Index 2025, and the ringgit's five per cent appreciation – currently trading at RM4.23 to the US dollar – placing it among Asia's top five performing currencies. 'The success is not just a figure on paper – they reflect increased investment, job creation, and stronger social policies for the people,' he said. Fadillah said the measures further demonstrate the effectiveness of the Madani government's approach in safeguarding public interest. 'As a Sarawakian, I have seen for myself the true meaning of a comprehensive policy. 'The increase in paddy floor prices, rubber incentives, and grassroots programmes such as Sejati Madani are tangible responses to the needs of the rural communities,' he said. He cited the expansion of the Madani Village Adoption Programme to 200 villages, with a target of 1,000 Madani-adopted schools by the end of 2025, as well as the Madani Rahmah Sales, now extended to all 600 state constituencies nationwide. As Minister of Energy Transition and Water Transformation (Petra), Fadillah also welcomed the government's efforts in restructuring energy subsidies and electricity tariffs. Beginning this month, 85 per cent of domestic consumers are expected to see up to 14 per cent reductions in electricity bills. Meanwhile, targeted RON95 subsidies will lower fuel prices to RM1.99 per litre, with savings redirected to benefit Malaysians instead of foreign users. Fadillah said these reforms do not burden the rakyat — they bring fairness and relief to the majority. Fadillah, who is also responsible for Sabah and Sarawak Affairs, expressed appreciation for the additional public holiday announced for Sept 15, in conjunction with Malaysia Day. 'Let us all unite, join forces, and continue to support the Madani agenda that gives meaning to the people's lives. 'From villages to cities, from the Peninsula to Borneo – all Malaysians deserve to enjoy fair and equitable progress,' he said.
Barnama
21 hours ago
- Business
- Barnama
AREC, ARCHIDEX Position Malaysia At Forefront Of ASEAN Real Estate
KUALA LUMPUR, July 23 (Bernama) -- The integration of the ASEAN Real Estate Conference (AREC) and the Architecture, Interior Design and Building Exhibition (ARCHIDEX) 2025 positions Malaysia as a regional leader in real estate and urban development within ASEAN. Deputy Prime Minister Datuk Seri Fadillah Yusof said the events — held simultaneously at the Kuala Lumpur Convention Centre (KLCC) and Malaysia International Trade and Exhibition Centre (MITEC) — place Malaysia at the heart of regional collaboration, while showcasing ASEAN's urban development priorities to the world. He said AREC drives high-level policy dialogue and strategic insights from housing ministers, city leaders and developers, while ARCHIDEX complements it as Asia's leading exhibition, showcasing cutting-edge products, materials and solutions for architecture and the built environment. 'ARCHIDEX attracts over 56,000 visitors from over 110 countries, providing AREC with an influential international platform to elevate ASEAN's real estate and housing agenda to a global audience. 'Ultimately, our goal is to support the development and publication of practical, actionable and impactful strategies that reflect the unique social, economic and environmental context of ASEAN's housing landscape,' he said in his opening speech here today. Fadillah, who is also the Minister of Energy Transition and Water Transformation, urged industry players and stakeholders to seize the opportunity during the four-day event to showcase new and emerging real estate innovations, and to foster collaboration among industry players. He said both events serve as a collaborative platform to address challenges in the housing and real estate industry, with the aim of building a resilient, inclusive and forward-looking sector. 'We believe in innovation, not as a luxury, but as a necessity for resilience and progress. From advancing green buildings and climate-adaptive design to deploying digital land systems and prop-tech (property technology) solutions, innovation must be the engine that powers our housing policies and urban strategies. 'It is how we make our cities smarter, our developments more efficient and our communities more liveable. I therefore call upon all ASEAN member states, our industry partners and international organisations to keep this momentum alive through working groups, joint research, investment facilitation and annual progress reviews,' he said.
The Sun
a day ago
- Business
- The Sun
PM's reforms ease cost of living, uphold justice for Malaysians
PUTRAJAYA: The recent announcement by Prime Minister Datuk Seri Anwar Ibrahim on appreciation measures for Malaysians is a direct effort to alleviate the cost-of-living burden, reinforcing the unity government's commitment to public welfare, said Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who also serves as the Minister of Energy Transition and Water Transformation, stated that the reforms demonstrate how policy changes can bring relief rather than hardship. 'This is not just about numbers. It's about justice for the people, from civil servants to farmers,' he said in a statement. The government's focus on comprehensive reforms has yielded tangible results, including a 4.4% GDP growth in Q1 2025 and an improved Global Resilience Index ranking. Fadillah highlighted that these achievements translate into better job opportunities and social policies. He also pointed to rural-centric initiatives like the increased paddy floor price and expanded MADANI Foster Village programme as proof of inclusive governance. 'From Sarawak to the Peninsula, every Malaysian deserves fair progress,' he added. Energy subsidy restructuring has already benefited 85% of households with lower electricity bills, while the RON95 fuel subsidy ensures savings remain with locals. Fadillah also welcomed the additional public holiday for Malaysia Day, calling for unity under the MADANI agenda. – Bernama
