KUALA LUMPUR: The government will tender out RM3.2 billion renewable energy (RE) and energy efficient projects this year.
Minister of Energy, Science, Technology, Environment and Climate Change (MESTECC) Yeo Bee Yin said the projects included retrofitting up to 50 government buildings devices so as to be more efficient in energy usage.
“The pilot project will involve about RM200 million,” Yeo told reporters at the Greenification of Malaysia dialogue session organised by the Malaysian Industrial Development Finance Bhd (MIDF) here today.
Also present at the media briefing were MIDF group managing director Datuk Charon Mokhzani, MIDF Amanah Investment Bhd deputy chief executive officer Datuk Dominic Silva and head of debts Julie Gwee.
Yeo said there would be an open tender of which companies are invited to submit their bids to retrofit existing government buidings with energy saving devices.
She also said the government had appointed the Securities Commission to form a green financing taskforce to find easier ways for the private sector to raise funds for green projects.
“The SC will submit a report to MESTECC at the end of July and we hope to get its recommendations included in next year’s budget.
“We want to see how we can incentivise more private financing for green projects either through government regularisation or mobilisation of funds,” Yeo said.