EPF eyes investment opportunities in Sarawak’s renewable energy sector

EPF eyes investment opportunities in Sarawak’s renewable energy sector

12 Aug 2024

The Employees Provident Fund (EPF) is currently seeking new investment opportunities in Sarawak’s renewable energy sector.

According to a Sarawak Public Communications Unit (Ukas) report, EPF chief executive officer Ahmad Zulqarnain Onn said Sarawak is now seen as a state with great potential, particularly in the renewable energy sector.

“The purpose of EPF’s visit here is to learn about Sarawak’s strategies, particularly regarding investment potential in the renewable energy sector, as well as understand the new strategies and policies in Sarawak,” he said after paying a courtesy call on Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg at Wisma Bapa Malaysia here today.

Ahmad Zulqarnain said Sarawak also has various new investment potential in hydro and solar energy.

“Sarawak, as a centre for renewable energy in Southeast Asia, is indeed very prominent in hydro, solar and floating solar energy.

“There is a lot of potential that will require significant investment. From our perspective, we want to reach out to explore how we can participate in new investments in Sarawak,” he explained.

Meanwhile, Abang Johari also received a courtesy call from Shanghai Electric Power, led by its director Wu Lei, and the International Finance Corporation.

Source: Borneo Post