Latest news with #Sarec2025
Malay Mail
24-04-2025
- Business
- Malay Mail
Sabah chief minister: State doubling down on clean energy to lift economy, boost national supply
KOTA KINABALU, April 24 — The energy sector will continue to play a critical role in Sabah's future economic development, said state Chief Minister Datuk Seri Hajiji Noor. He said the state government had already launched the Sabah Energy Roadmap and Master Plan 2040 (Sabah Energy Ramp 2040) to chart and outline key priorities for the state's energy sector. 'With this in place, Sabah should be able to fully develop its green energy sector with the potential to provide up to 75 per cent of the nation's green energy supply,' he said at the Sabah Renewable Energy Conference 2025: Corridor to Transform Vision to Reality (Sarec 2025) here today. His speech text was read by Sabah Finance Minister Datuk Seri Masidi Manjun. Sabah is endowed with an abundance of renewable energy (RE) sources that could contribute to the state and nation's transformation into a high-value-added economy, he said. He said the energy sector has been a critical engine of growth for Sabah's economy over the decades, and he aspires to see its energy sector lift the people's quality of life. He said the state government has been encouraging the development of clean energy and will continue to develop the necessary infrastructure related to the energy sector. 'We have been steadfast in our pursuit of taking control and managing the state's energy resources to empower Sabah to develop and continuously grow the energy sector more effectively and efficiently,' he said. On another matter, the chief minister reiterated that the state government had identified a new economic sector involving the sustainable exploration of Sabah's incredible marine and coastal resources. Hajiji commended Qhazanah Sabah Bhd and the Malaysian Rating Corporation Bhd for bringing Sarec 2025 to fruition. 'The state government is ready to collaborate with all stakeholders to unite efforts, exchange ideas, and explore solutions,' he added. — Bernama
Daily Express
24-04-2025
- Business
- Daily Express
Sabah's proximity to Nusantara offers major renewable energy potential: QSB CEO
Published on: Thursday, April 24, 2025 Published on: Thu, Apr 24, 2025 By: Larry Ralon Text Size: State Finance Minister Datuk Seri Masidi Manjun, who officiates Sarec 2025, with the organisers. - Pic by CMD KOTA KINABALU: Sabah's strategic proximity to several rapidly growing regional economies—most notably Indonesia's emerging capital of Nusantara—offers the State significant market opportunities and positive spill-over effects, said Qhazanah Sabah Berhad (QSB) Group CEO Datuk Ahmad Rizal Dahli. Complemented by rich natural resources ideal for renewable-energy adoption, he said Sabah is poised to model sustainable solutions. 'With some of the highest solar-irradiation levels in Malaysia, we have the potential to generate up to 99.4 GW of photovoltaic power—an opportunity we must seize,' he said at the Sabah Renewable Energy Conference (Sarec) 2025: Corridor to Transform Vision to Reality held here Thursday. Ahmad Rizal emphasised that no single organisation can realise this ambition alone. 'Sarec 2025 serves as a vital platform to harmonise our efforts—whether in policy development, infrastructure investment, technology innovation or financing mechanisms.' He called for synergy between public and private sectors, regulators and investors, and innovators and implementers, stressing that each stakeholder has a unique role, from financial institutions and technology providers to regulators and asset developers. Looking ahead, he noted that green financing, sustainable investment models and ESG-aligned capital flows are no longer optional but fundamental pillars of future growth in Sabah's renewable-energy sector. 'Equally important is our commitment to inclusivity and diversity. 'As we push the boundaries of what is technologically and economically possible, our progress must also be socially just and equitable.' 'Renewable energy is not just about electrons and infrastructure—it is about empowering communities, creating quality jobs and fostering resilience across every corner of Sabah, including our rural and indigenous populations,' he said. Founded in April 1995 as Warisan Harta Sabah Sdn Bhd under the Sabah Finance Ministry, Qhazanah Sabah Berhad was established to act as the State Government's strategic investment arm, ensuring that Sabah's interests remain uncompromised. 'Over the past three decades, we have diversified into strategic sectors, aligning our investments with the State's long-term goals and global best practices,' said Ahmad Rizal, noting that collaboration with fellow government-linked companies strengthens Sabah's economic ecosystem amid shifting global and regional demands. He explained that organising Sarec 2025 reflects QSB's core value of collaboration and its collective commitment—with public and private stakeholders—to facilitate knowledge sharing and drive the growth of Sabah's renewable-energy industry. Ahmad Rizal acknowledged Malaysian Rating Corporation Berhad (MARC) as a strategic partner and co-organiser. 'Without MARC's initiative, Sarec 2025 would not have been possible. Their leadership has enabled deeper collaboration among GLCs and industry partners. 'Let today mark the beginning of deeper collaborations and bold ideas. "May we leave this conference not only more informed but more proactive—and commit, together, to building a Sabah that shines brightly in Malaysia's clean-energy future, preserving our home without compromising economic opportunity,' he said. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
24-04-2025
- Business
- Daily Express
Sarec 2025 strengthens drive toward sustainable energy goals
Published on: Thursday, April 24, 2025 Published on: Thu, Apr 24, 2025 Text Size: The Sabah Renewable Energy Conference (Sarec) 2025 has been positioned as a strategic platform to drive collaboration, innovation, and forward-looking policies for Sabah's clean energy transition. Qhazanah Sabah Berhad (QSB) Chairman Datuk Dr Yusof Yacob said Sabah's rich renewable resources, such as solar, wind, and hydro, placed it uniquely to lead in clean, affordable, and sustainable energy development. He emphasised that investing in renewable energy could stimulate economic growth, reduce carbon emissions, and enhance energy security while creating new industries and job opportunities. However, he warned that the shift would require strong government leadership, innovative policies, and cross-sector collaboration to overcome infrastructure and investment challenges. Sarec 2025, officiated on Thursday by State Finance Minister Datuk Seri Masidi Manjun on behalf of the Chief Minister, supports the Sabah Energy Roadmap and Master Plan 2040 and aims to unite key stakeholders in accelerating Sabah's sustainable energy future. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
24-04-2025
- Business
- Daily Express
Energy sector key to Sabah's economic future: CM
Published on: Thursday, April 24, 2025 Published on: Thu, Apr 24, 2025 Text Size: KOTA KINABALU: The energy sector will continue to play a critical role in Sabah's future economic development, said Chief Minister Datuk Seri Hajiji Noor. He said the State Government had launched the Sabah Energy Roadmap and Master Plan 2040 (Sabah Energy Ramp 2040), which was aimed at charting the way forward and outlining key priorities for the state energy sector. 'With this in place, Sabah should be able to fully develop its green energy sector with the potential of providing up to 75 per cent of the nation's green energy supply. 'The State Government looks forward to the continued cooperation and support of all stakeholders in driving Sabah towards a greener and more sustainable future,' he said at the Sabah Renewable Energy Conference 2025: Corridor to Transform Vision to Reality (Sarec 2025) here on Thursday. Finance Minister Datuk Seri Masidi Manjun delivered his speech. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
