Malaysia renews 10-year energy plan, targeting savings of around $21.5 billion

KUALA LUMPUR, Aug 11 (Reuters) – Malaysia on Tuesday renewed a 10-year action plan to improve energyefficiency, targeting savings of around $21.5 billion.
The renewed National Energy Efficiency Action Plan will run until 2035 and aims to reduce energydemand by 11.6%, according to a statement from the energy transition and water transformation
ministry.
This would lead to cumulative energy savings of 815,382 terajoules compared to business-as -usualprojections, equivalent to a reduction of 26.1 million metric tons of CO2-equivalent emissions, the
statement said.
The first NEEAP, which ran between 2016 and 2025, delivered electricity savings of 60,886 gigawatt-hours or approximately 16.1 billion ringgit ($3.9 billion), exceeding its target of 52,233 gigawatt-hours,Economy Minister Akmal Nasir said at the launch of the plan.
This was equivalent to an estimated reduction of 35.6 million tons of CO2-equivalent, he said.
Malaysia has been pushing companies and investors to focus on energy sustainability, with demand for
power expected to rise substantially amid a boom in Al infrastructure. The country is the fastest-growing
data-centre hub in Southeast Asia, attracting billions of dollars in investments from major global tech
firms including Amazon and Microsoft.
In 2023, Malaysia passed a law requiring the biggest energy consumers to implement power-savingmeasures, as part of its pledge to reduce greenhouse gas emissions by 45% across the economy by2030, and to reach net-zero emissions by 2050