Latest news with #APAEC
Barnama
2 days ago
- 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
2 days ago
- 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
3 days ago
- 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.
The Sun
3 days ago
- Business
- The Sun
ASEAN Power Grid enhanced MOU, APAEC Phase 2 among agendas finalised
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.
Barnama
3 days ago
- Business
- Barnama
ASEAN Power Grid Enhanced MoU, APAEC Phase 2 Among Agendas Finalised At 43rd SOME
GENERAL KUCHING, June 18 (Bernama) -- 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.
