: Malaysia requires an allocation of RM60 billion to RM90 billion to fund critical projects involving energy transition over the next 10 years, said Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik AhmadHe said the requirements encompass expanding public transportation, strengthening grid infrastructure, and upskilling the workforce.
“The estimated cost for grid development is likewise substantial, reaching RM180 billion by 2050, to accommodate Malaysia’s clean energy ambitions,” he said in his speech at the memorandum of understanding signing ceremony between Bursa Malaysia and the United Kingdom government’s Mobilising Institutional Capital Through Listed Product Structures programme here today.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: