00:00We face a delicate balance, transitioning away from fossil fuels while safeguarding energy security.
00:10Recent geopolitical tensions in the Middle East have made this reality immediate.
00:17The volatility of global energy markets remind us that energy security is not theoretical.
00:24It is deeply structural. Short-term gains from high oil prices must not distract us from long-term vulnerabilities because
00:38true security is not about what we earn today, but what we can sustain tomorrow.
00:48Across ASEAN, similar pressures are unfolding, and history has shown us that during crisis, the instinct is often to retreat,
01:01to delay transition, to extend fossil reliance.
01:08But we must resist that instinct.
01:13A nation is not defined by what it promises, but by what it delivers, consistently, quietly, and with conviction.
01:27The energy transition is not a climate obligation.
01:31It is a strategic necessity.
01:34Energy megawatt of renewable energy, every megawatt of renewable energy we generate locally, is a step away from vulnerability and
01:45a step forward towards sovereignty.
01:49So, distinguished guests, ladies and gentlemen, national energy transition road map is clear, but clarity must now translate into action.
02:01First, the greed.
02:05Renewable energy is no longer the constraint.
02:08Transmission is.
02:10Without greed expansion, ambition will remain stranded.
02:14So, starting this year, TNB will be investing about 42 billion Malaysian ringgit to upgrade our greed system.
02:26Second, tariff reform.
02:29Subsidies may soften the present, but they burden the future.
02:34A sustainable system must reflect real costs so that investment can flow.
02:41So, Malaysia loses about 30% of treated water.
02:46In some states, more than 40%.
02:49This is not inefficiency.
02:53This is loss at scale.
02:56And yet, tariffs remain disconnected from operational realities.
03:00We cannot expect accessibility from a system that cannot sustain itself.
03:06So, technology offers solutions, smart metering, AI detection, optimization systems, but technology alone is not enough.
03:19What we need is courage.
03:22Courage to make difficult decisions.
03:25Courage to speak honestly about tariffs.
03:29Courage to reform with urgency.
03:34Water does not demand attention, but its absence will demand consequences.
03:40If energy powers are growth, water determines whether that growth can ensure.
03:47So, as you know, in Malaysia, water falls within the jurisdiction of the state.
03:53Federal are trying to coordinate the good relationship between federal and the state with the support of all the stakeholders.
04:02Right?
04:03From the corporate sectors, the banks, and of course, the NGOs and so on.
04:09And to our state partners, this transition requires alignment.
04:14Federal commitment must be matched by state education because transformation does not happen in silos.
04:24It happens in unity.
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