KUALA LUMPUR, June 3 — Strategic partnerships between government agencies, utilities, developers and financial institutions are crucial to unlocking new opportunities and catalysing the energy transition at scale, underscoring the importance of collective action in advancing the nation’s sustainability agenda.
Deputy Prime Minister Datuk Seri Fadillah Yusof, said the successful convening of the second edition of Energy Transition Conference 2026 (ETCon26) by Tenaga Nasional Bhd (TNB) is commendable as a significant achievement, as it has evolved into a credible platform that brings together leading minds from across the world to exchange ideas and drive progress in the energy sector.
“The conference also reflects Malaysia’s strong commitment to accelerating the energy transition, signalling a decisive shift from ambition to execution as the country advances its efforts towards a more sustainable energy future,” he said at the Energy Transition Conference 2026 (ETCon26) here today.
The first ETCon was held in conjunction with the National Energy Transition Roadmap in 2023.
Fadillah, who is also Energy Transition and Water Transformation Minister, said every major chapter in Malaysia’s development from rural electrification and industrialisation to digital transformation, was made possible because the country chose to invest not only in infrastructure, but in people, institutions and shared purpose.
He noted that the energy transition must be approached in the same spirit
“It is not merely a technological shift. It is, at its core, about the well-being and prosperity of our people,” he said.
Hence, Fadillah stressed that for Malaysia and Asean, the energy transition is not only an environmental imperative, but also an economic necessity and a strategic priority.
“The choices we make today will determine the competitiveness of our industries and the well-being of our people for millennia to come,” he said.
He noted that Malaysia, through TNB, is set to invest RM43 billion or US$10.8 billion from 2025 until 2027 to upgrade and strengthen the grid system, including integration of artificial intelligence (AI) elements, as part of efforts to accelerate renewable energy initiatives and advancing the national energy transition aspirations.
Asean Power Grid vital to meet rising electricity demand
Across Southeast Asia, he said electricity demand is projected to grow by approximately four to five per cent annually over the coming decade, driven by industrialisation and urbanisation.
The demand is also attributed to increasingly new sources of demand such as digital infrastructure, electric vehicles, cooling demand and AI data centres.
“In this regard, the Asean Power Grid initiative stands as a strong testament to how Asean member states can work collectively to advance cross-border electricity trade, strengthen regional energy security and support a more resilient energy future for the region,” he said.
Fadillah also highlighted that in Malaysia, the government continues to communicate clearly on what investors require for long-term visibility, through instruments such as the National Energy Transition Roadmap (NETR). — Bernama
Date: 3 June, 2026 12:00 pm
Source: Malay Mail
💬 Join the Conversation! 💬
We’ve disabled comments on our posts and pages to keep the discussions organized and lively! But don’t worry – the conversation isn’t over. Head over to our forum and share your thoughts, ideas, and feedback with the community! It’s the perfect place to connect, learn, and engage with others who care about the same things. We can’t wait to hear from you!