Latest news with #APAEC
Barnama
2 hours ago
- Business
- Barnama
ASEAN Centre For Energy Receives NZ$200,000 Grant From New Zealand
JAKARTA, July 18 (Bernama) -- The ASEAN Centre for Energy (ACE) has received a NZ$200,000 (about US$119,300) grant from the New Zealand Foreign Affairs and Trade Ministry to support the region's energy transition and the implementation of the ASEAN Plan of Action for Energy Cooperation (APAEC). The contribution marks the first direct partnership between ACE and New Zealand, commemorating 50 years of ASEAN-New Zealand relations and reinforcing their shared commitment to sustainable energy development in the region. ACE Executive Director Datuk Abdul Razib Dawood described the grant as a significant milestone in regional energy cooperation, expressing gratitude to New Zealand for its continued support.
Free Malaysia Today
02-07-2025
- Business
- Free Malaysia Today
Asean on track to meet clean energy goals, says Petra deputy sec-gen
Energy transition and water transformation ministry deputy secretary-general Mareena Mahpudz says several Asean countries aim to achieve net-zero emissions between 2050 and 2065. KUCHING : Asean is on track to achieving its clean energy and climate goals, the energy transition and water transformation ministry said. The ministry's deputy secretary-general (energy) Mareena Mahpudz said the region had already made notable progress, particularly in the power sector where countries were working towards their net-zero targets. She said several Asean countries, such as Malaysia and Singapore, aimed to achieve net-zero emissions by 2050, while others such as Indonesia and Thailand had set targets for 2060 and 2065, respectively. 'Even now, Malaysia has already achieved its target for this year. We were supposed to reach 31% by the end of the year, but it's already close to 32%,' Mareena told FMT, referring to the share of renewable energy in Malaysia's installed power capacity. At the regional level, the Asean Plan of Action for Energy Cooperation (APAEC) sets out a long-term goal of achieving net-zero emissions by 2050, with a strong focus on expanding renewable energy and reducing reliance on fossil fuels. Asean has committed to achieving a 23% share of renewables in its total primary energy mix by this year. While current figures sit at around 14.4%, Mareena said efforts were being scaled up across the region to close the gap — through greater investment in renewable energy, improved energy efficiency, and the adoption of clean technologies. This regional push was reinforced during the 43rd Asean Senior Officials' Meeting on Energy, held from June 16-18, which laid the groundwork for the second phase of the APAEC roadmap. Mareena also highlighted the launch of the Asean Power Grid (APG) Financing Facility under Malaysia's chairmanship, a platform aimed at mobilising funding for cross-border energy projects and accelerating the region's clean energy transition. 'It's a collaboration between financial institutions, the economic sector, and the energy sector. It can help attract more investors to the region and support local industries.' She added that the facility had already attracted support from Bank Negara Malaysia, the Asian Development Bank, and the World Bank. 'We have also received interest from the European Commission, Japan Bank for International Cooperation, Islamic Development Bank and several Chinese banks too.' Mareena said Asean was also working to strengthen the region's clean energy infrastructure — including solar panel manufacturing and battery storage — to meet rising demand and build a more self-sustaining green economy. 'It's challenging, but I believe moving forward it will be very successful, and we can achieve the targets we've set for the region,' she said.
Barnama
18-06-2025
- Business
- Barnama
Three Key Meetings Mark Final Day Of 43rd ASEAN SOME-PETRA
KUCHING, June 18 (Bernama) -- Three key meetings held in conjunction with the 43rd ASEAN Senior Officials Meeting on Energy (SOME) have concluded the series of high-level dialogues on energy within the ASEAN framework. The host, the Ministry of Energy Transition and Water Transformation (PETRA) announced that the third day of the event saw the convening of the 24th SOME+3 Energy Policy Governing Group (EPGG), which brought together senior energy officials from ASEAN member states and their three key dialogue partners, China, Japan and the Republic of Korea. In a statement, PETRA said the meeting reviewed the implementation progress of Phase II of the ASEAN Plan of Action for Energy Cooperation (APAEC) (2021-2025) and discussed the strategic direction for the development of Phase III of the APAEC. 'One of the focus areas discussed was the implementation of renewable energy, energy security and the peaceful development of nuclear energy. 'Additionally, the 3rd ASEAN Energy- European Union (EU) energy dialogue emphasised efforts to strengthen bilateral cooperation in the energy sector,' read the statement. According to PETRA, the session highlighted policy exchanges between both sides, including the EU's reaffirmed support for the ASEAN Power Grid and the integration of renewable energy sources. It added that the session also covered the implementation of the ASEAN-EU Energy Cooperation Work Plan 2025-2026, which outlines initiatives such as the ASEAN Green Initiative and the Sustainable Connectivity Package (SCOPE). PETRA also announced today's final meeting was the Special Governing Council Meeting of the ASEAN Centre for Energy (ACE), chaired by Malaysia. 'The closed-door meeting approved the ACE Audited Financial Report 2024 and discussed the implementation of the ACE Work Plan 2025, including the initial development of a renewable energy subsidy framework,' it said.
Borneo Post
18-06-2025
- Business
- Borneo Post
Sarawak showcases clean energy potential at Asean energy meet
Mad Zaidi speaks to the media. – Photo from Information Department KUCHING (June 18): The 43rd Asean Senior Officials Meeting on Energy (SOME) provided an excellent platform for Sarawak to highlight its potential leadership in the regional clean energy agenda, said Ministry of Energy Transition and Water Transformation (Petra) secretary-general Datuk Mad Zaidi Mohd Karli. He said the meeting, which concluded today here, has allowed Sarawak to demonstrate its strengths to energy officials from across Asean. 'This meeting was a great opportunity to introduce Sarawak to Asean delegates as a state rich in natural resources and committed to renewable energy. 'It showed Sarawak is ready to play an important role in the regional energy agenda,' he told reporters after the meeting. Held over three days from June 16, the meeting aimed to align regional energy policies and review the progress of the Asean Plan of Action for Energy Cooperation (APAEC). Hosted by Malaysia through Petra, the event also served as a preparatory platform for the upcoming Asean Ministers on Energy Meeting (AMEM) in October. It brought together senior energy officials from all 10 Asean member states – Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – alongside Timor-Leste as an observer. Dialogue partners included China, Japan, the Republic of Korea, and the European Union. Nearly 250 delegates participated, including representatives from the Asean Secretariat, Asean Centre for Energy (ACE), and international organisations such as the International Renewable Energy Agency (IRENA), International Energy Agency (IEA), Economic Research Institute for Asean and East Asia (ERIA), Asian Development Bank (ADB), and World Bank. According to a statement from Petra, six high-level meetings were successfully convened during the 43rd SOME. Key outcomes included significant progress on the Asean Power Grid initiative, with the ADB presenting its 2025–2026 work plan focused on clean energy transitions and sustainable infrastructure via innovative financing frameworks. The 16th SOME-Russia Energy Consultation explored cooperation in oil, gas, and nuclear energy, while initiating discussions on a new energy cooperation plan for 2026–2028. Meanwhile, the 16th SOME–United States Energy Consultation emphasised decarbonisation and the expansion of renewable energy across the region.
The Sun
18-06-2025
- Business
- The Sun
ASEAN Power Grid enhanced MOU, APAEC Phase 2 among agendas finalised at 43rd SOME
KUCHING: The 43rd ASEAN Senior Officials Meeting on Energy (SOME) marked a significant milestone today with representatives reaching consensus on several strategic agendas aimed at advancing the regional energy sector. Energy Transition and Water Transformation Ministry (PETRA) secretary-general Datuk Mad Zaidi Mohd Karli said the meeting had finalised major agendas, including the ASEAN Power Grid (APG) Enhanced Memorandum of Understanding (MoU) and the second phase of the ASEAN Plan of Action for Energy Cooperation (APAEC) for 2026–2030. 'The APG MoU will serve as the main reference for implementing cross-border power grid projects and is expected to be signed by ASEAN member states during the ASEAN Ministers of Energy Meeting (AMEM) in Kuala Lumpur this October. 'Meanwhile, the APAEC will continue from Phase One, with an emphasis on clean energy transition, energy security, and comprehensive regional energy integration,' he told a press conference in conjunction with SOME today. Mad Zaidi said the meeting also agreed on the progress in the implementation of six energy priorities for 2025, which include establishing the Subsea Power Cable Development Framework, signing the ASEAN Petroleum Security Agreement (APSA) Successor Agreement, launching the ASEAN Energy Efficiency Database, and introducing the Investment Platform for Buildings. Additionally, he said the meeting also ratified the finalisation of the Long-Term Renewable Energy Masterplan (LTRM), development of the ASEAN Renewable Energy Certificate (REC) framework, and the implementation framework for Nuclear Power Plants (NPP). All agreements reached at the SOME will be forwarded to AMEM slated for October, he said. On Malaysia's role in the regional energy transition, Mad Zaidi highlighted the country's strong potential to lead based on its robust policies and infrastructure capabilities. 'The launch of the National Energy Transition Roadmap (NETR), targeting 70 per cent renewable energy capacity by 2050, demonstrates Malaysia's serious commitment to the clean energy agenda,' he said. He also noted Malaysia's efforts to upgrade its electrical grid infrastructure, strengthen energy storage systems, and digitalise the power network, positioning it as an ideal candidate to drive regional renewable energy integration. 'With a conducive investment ecosystem, investor-friendly policies, and attractive fiscal incentives, Malaysia is poised not only to lead the transition but also to become ASEAN's premier destination for clean energy investment,' he remarked. Meanwhile, Mad Zaidi also said hosting SOME in Sarawak has had a positive impact on the state. 'The ASEAN delegation witnessed firsthand Sarawak's vast renewable energy potential, given its abundant natural resources and strong commitment to sustainable energy development. 'Sarawak is expected to play a crucial role in regional initiatives, particularly in hydropower and green energy development,' he concluded.
