00:00Under the Madani government, Petra is not simply planning an energy system.
00:10We are crafting a future-ready ecosystem which is secure, low-carbon, flexible and interconnected.
00:19But every great vision is built on reality, on data, on engineering and unbearable confidence.
00:28Russia's goal is ambitious, 70% renewable capacity by 2050.
00:35Solar will grow five-fold.
00:38Green-scale battery system will stabilize our future grids.
00:43Over one gigawatt of storage is already moving under nature.
00:49But Russia's energy storage is not confined within its borders.
00:53As an anchor nation in the ASEAN power grid, we are shaping a regional energy corridor where electrons flow freely across nations, lowering costs, improving stability and elevating competitiveness.
01:12Tuan Abdul Razak once reminded us, I quote,
01:16Development is not about adding wealth to numbers but expanding opportunities for people, unquote.
01:24So this is precisely what energy transition must do.
01:29Expand opportunities, create new industries and ensure prosperity is shared.
01:36So ladies and gentlemen, every transformation has milestones, markers or progress that tell us we are moving in the right direction.
01:46Allow me to share ours.
01:49Firstly, Energy Exchange Malaysia or Energem.
01:53Malaysia's first 500 MW renewable energy export to Singapore is more than a technical achievement.
02:02It is a proof of capability, trust and regional readiness.
02:07Secondly, corporate renewable energy supply scheme or crash.
02:12Corporate RE adoption is rising sharply because Malaysia offers what global businesses seek.
02:19Stability, competitive tariffs and direct access to green electronics.
02:26Thirdly, accelerating RE at scale where we are preparing to add up 2 gigawatt of new RE capacity annually, creating jobs, building supply chains and shaping green industrial clusters.
02:43The reflection is simple.
02:45Energy powers industries but clarity of vision powers transformation.
02:51Malaysia chooses purpose over passivity.
02:56So ladies and gentlemen, every region has defined or has a defining project.
03:03For ASEAN, it is the ASEAN power grid.
03:06Malaysia sits at the heart of this system with five existing interconnections and more being developed.
03:14ASEAN aims for full regional interconnections by 2045.
03:19And Malaysia will play the role of balancing hub, transit nation and anchor for multilateral power trading.
03:29We are harmonizing codes, strengthening renewable certificates and deepening green finance because a connected region is a competitive region.
03:41Ladies and gentlemen, investors today seek four things.
03:44Policy clarity, regulatory stability, competitive tariff, access to clean energy at scale.
03:55So Petra is delivering all four consistently.
04:00So to CEOs, financiers, developers and innovators, Malaysia is open.
04:07Malaysia is ready.
04:08Malaysia is committed.
04:10So Malaysia offers something rare in a volatile world.
04:14Stability, scale, connectivity and certainty.
04:19These are not just economic strengths.
04:21They are the foundations of trust.
04:25Today, we launch ASEAN to 0-2026, a nationwide movement across five states.
04:32A movement to build capabilities, to connect businesses, to unlock projects and to create momentum.
04:41Malaysia's commitments are clear to achieve zero by 2050 and 45% reduction in carbon intensity by 2030.
04:53But commitments alone don't move nations.
04:57Or momentum does.
04:59As we look across Asia, one truth stands out.
05:05Our clean energy transition will define our competitiveness for the next 50 years.
05:12The choices we make today, be it in policy, in technology, in investment, in cooperation,
05:21We will shape not only industries, but livelihoods and legacies.
05:26We have completed the officiation of Race 2-0.
05:31Thank you so much.
05:32Yama Bohomba, Deputy Prime Minister.
05:34The Prime Minister.
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06:02The Prime Minister.
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