Latest news with #Petronas
Malay Mail
an hour ago
- Business
- Malay Mail
UTP climbs 18 spots in QS 2026 rankings, hailed as Malaysia's top private varsity for tech and innovation
IPOH, June 20 — Universiti Teknologi Petronas (UTP) achieved its highest position in the QS World University Rankings 2026, rising 18 places to secure the 251st spot among 8,467 institutions evaluated globally. In a statement today, the university said it recorded gains across all indicators, with notable progress in Academic Reputation, Employer Reputation, Citations per Faculty, and Sustainability. 'They also underscore the university's deep focus on industry-relevant research and talent development, cornerstones of its long-term roadmap. 'UTP's close collaboration with Petronas and other industry partners continues to foster a dynamic ecosystem that bridges academic excellence with real-world application,' the statement read. UTP president Ir Mohamed Firouz Asnan, as quoted in the statement, said the milestone affirms UTP's reputation among the world's top institutions and, more significantly, positions UTP as Malaysia's number one private university. He said UTP's continued ascent reflects its strategic vision to be at the forefront of technology education and research, enabling a better future for all. 'This achievement is a testament to the tireless efforts of our faculty, staff, and students, along with the strength of our partnerships with industry and academic institutions worldwide. It demonstrates our deep-rooted commitment to quality education, innovation, and global engagement. 'As we chart the next phase of UTP's journey, this global recognition strengthens our resolve to become not only Malaysia's leading university, but also a world-class, hyper-focused, cutting-edge engineering institution anchored in societal impact, sustainability, and industry-driven innovation,' he said. According to Mohamed Firouz, the recognition comes at a pivotal moment for UTP as the university embarks on a transformation programme that introduces a new approach in educating its students as well as realigning its research focus to address the grand challenges faced by society. 'These rankings show how far we've come in delivering value beyond campus. Above all, this reflects our identity as an institution that develops breakthrough solutions across the broader ecosystem, driving transformation in industries and societies and shaping a better future,' he added. — Bernama
Time of India
3 hours ago
- Business
- Time of India
Gentari seeks buyer for up to 50% stake in India arm
Gentari, the renewable energy arm of Malaysian national oil & gas company Petronas, is seeking to sell up to a 50% stake in its India unit in what could potentially become one of the largest green energy deals in the country, said people with direct knowledge of the matter. Gentari has appointed Standard Chartered Bank as its transaction advisor. Gentari India has a substantial portfolio comprising 4 GW of operational assets, 4 GW under construction, and an additional 4 GW in the pipeline, according to information shared by the transaction advisor with potential investors. For context, last December, JSW Energy agreed to acquire O2 Power's 4.7 GW portfolio, including 1.5 GW under construction and 1 GW of pipeline projects, at an enterprise value of $1.5 billion. Standard Chartered Bank has approached multiple potential buyers, including NTPC Green Energy , for the proposed stake sale, people said, adding that the discussions are at a very preliminary stage. Gentari global CEO Sushil Purohit is likely to visit India in the coming weeks to meet potential investors and accelerate the stake sale talks, the people said. Interested parties will be required to sign non-disclosure pacts to access Gentari's books as part of the due diligence process. Gentari would prefer to sell a minority stake in the India unit but is open to the idea of sharing control with a potential investor, people said. Gentari and Standard Chartered did not respond to ET's requests for comment. "There is no development or proposal underway regarding the stake asked in the query," NTPC Green said. People familiar with Gentari's discussions said valuations for green energy assets have waned since last year, as global enthusiasm for renewables has cooled and fossil fuel companies are under less pressure to decarbonise. Purohit told ET in February that Gentari's projects in India were developing well and that funding was not "a big challenge at this point in time." He said Gentari had the "full support" of parent Petronas. Since the return of pro-fossil fuel US President Donald Trump earlier this year, green energy has been losing the strong support it once enjoyed globally. Several oil and gas producers who ventured into renewables are now scaling back their ambitions, while buyers previously willing to pay a premium for green assets have turned cautious. Oil supermajors Shell and BP have weakened their green goals and are refocusing on expanding their core oil and gas businesses in pursuit of higher returns. Gentari operates across multiple countries in the Asia-Pacific region, with an ambition to install 30-40 GW of renewable energy capacity, capture over 10% market share in public charging points and vehicle-as-a-service segments in key markets, and become a major supplier of clean hydrogen. In India, Gentari has both utility-scale and distributed green energy projects. The company has also been expanding its EV charging network in partnership with local automakers and other stakeholders.
Time of India
3 hours ago
- Business
- Time of India
Gentari plans to offload up to 50% stake in India arm
Gentari, the renewable energy arm of Malaysian national oil & gas company Petronas, is seeking to sell up to a 50% stake in its India unit in what could potentially become one of the largest green energy deals in the country, said people with direct knowledge of the matter. Gentari has appointed Standard Chartered Bank as its transaction advisor. Gentari India has a substantial portfolio comprising 4 GW of operational assets, 4 GW under construction, and an additional 4 GW in the pipeline, according to information shared by the transaction advisor with potential investors. For context, last December, JSW Energy agreed to acquire O2 Power's 4.7 GW portfolio, including 1.5 GW under construction and 1 GW of pipeline projects, at an enterprise value of $1.5 billion. Standard Chartered Bank has approached multiple potential buyers, including NTPC Green Energy , for the proposed stake sale, people said, adding that the discussions are at a very preliminary stage. Gentari global CEO Sushil Purohit is likely to visit India in the coming weeks to meet potential investors and accelerate the stake sale talks, the people said. Interested parties will be required to sign non-disclosure pacts to access Gentari's books as part of the due diligence process. Gentari would prefer to sell a minority stake in the India unit but is open to the idea of sharing control with a potential investor, people said. Gentari and Standard Chartered did not respond to ET's requests for comment. "There is no development or proposal underway regarding the stake asked in the query," NTPC Green said. People familiar with Gentari's discussions said valuations for green energy assets have waned since last year, as global enthusiasm for renewables has cooled and fossil fuel companies are under less pressure to decarbonise. Purohit told ET in February that Gentari's projects in India were developing well and that funding was not "a big challenge at this point in time." He said Gentari had the "full support" of parent Petronas. Since the return of pro-fossil fuel US President Donald Trump earlier this year, green energy has been losing the strong support it once enjoyed globally. Several oil and gas producers who ventured into renewables are now scaling back their ambitions, while buyers previously willing to pay a premium for green assets have turned cautious. Oil supermajors Shell and BP have weakened their green goals and are refocusing on expanding their core oil and gas businesses in pursuit of higher returns. Gentari operates across multiple countries in the Asia-Pacific region, with an ambition to install 30-40 GW of renewable energy capacity, capture over 10% market share in public charging points and vehicle-as-a-service segments in key markets, and become a major supplier of clean hydrogen. In India, Gentari has both utility-scale and distributed green energy projects. The company has also been expanding its EV charging network in partnership with local automakers and other stakeholders.
South China Morning Post
4 hours ago
- Business
- South China Morning Post
Anwar flip-flops on petrol subsidy cuts, leaving Malaysians spinning wheels
Malaysian Prime Minister Anwar Ibrahim sparked confusion as he rowed back on long-threatened plans to slash petrol subsidies just days before the cuts were expected to take effect. Anwar has faced growing public pushback on concerns over rising living costs as his cash-strapped administration pursues plans to drop blanket subsidies on petrol and impose fresh taxes on imported goods like apples and cod. But on Thursday, the prime minister said that the government would no longer raise the price of the subsidised RON95 grade petrol after all – even if there was a sharp increase in global crude oil prices caused by the air war between Israel and Iran. 'We are not increasing fuel prices,' he was quoted as saying by national newswire Bernama. (From left) Petronas Chief Executive Officer Tengku Muhammad Taufik, Malaysia's Prime Minister Anwar Ibrahim and S&P Global Vice Chairman Daniel Yergin launch the Energy Asia conference in Kuala Lumpur on Monday. Photo: AFP Malaysians were not convinced by Anwar's assurance, with many taking to social media to question the leader's shifting positions on the planned subsidy cuts. 'Why do [you] not do as you say and have it looming over our heads?' read a comment on X to a post on Anwar's latest statement, highlighting the uncertainty felt by the public over their finances.
Daily Express
4 hours ago
- Business
- Daily Express
Energy Asia urges quicker transition
Published on: Friday, June 20, 2025 Published on: Fri, Jun 20, 2025 By: Larry Ralon Text Size: Taufik (right) with Dr Daniel Yergin (centre) and Dr Atul Arya at the closing session of Energy Asia 2025 on Wednesday. Kuala Lumpur: Energy Asia by Petronas and Knowledge Partner, CERAWeek by S&P Global concluded Thursday with a resounding call for urgent, inclusive and actionable delivery of the energy transition. Over the course of three days, the conference convened more than 4,000 attendees across 60 countries and 38 industries, including policymakers, financiers, technologists and energy professionals. Advertisement Leaders from governments and business also acknowledged that while the region has made considerable progress in setting targets and forging partnerships, the focus must now shift decisively toward delivery at speed and scale. Against the backdrop of intensifying global challenges, leaders reaffirmed that Asia plays a major role in the energy transition. The region's rising energy demand, economic growth and development needs make it both indispensable and distinct as such, transition strategies must be regionally grounded, prioritising energy access, affordability and socioeconomic progress. Notwithstanding, transitions in the developing world and emerging economies must be rooted on access and affordability and cannot come at the expense of energy security and sustainability. Advertisement Officiated by Prime Minister Seri Anwar Ibrahim, the conference centred on the theme 'Delivering Asia's Energy Transition'. Through more than 50 strategic dialogues, Energy Asia fostered pragmatic, multi-stakeholder collaboration with a shared sense of urgency. Speaking at the closing ceremony, Petronas President and Group CEO Tan Sri Tengku Muhammad Taufik, who is also Chairman of Energy Asia, said the objective of Energy Asia 2025 is to address the realities of the energy transition within the context of this region. 'The perspectives aired over the past three days have successfully highlighted the existing and emerging challenges faced and underscored the imperative to build a resilient energy system,' he said. 'Asia stands firm in our pragmatic and collaborative approach in shaping a just and equitable energy future for more than half of the global population. Beyond the thought leadership that was front and centre at the conference, Energy Asia 2025 also witnessed the formation of numerous new initiatives and partnerships that are positioned to deliver real outcomes for the region.' A landmark feature of this year's conference was the inaugural Energy Asia Global Leadership Executive Forum, a closed-door gathering of over 30 global CEOs and C-suite leaders from energy, finance, technology and professional services. This high-level dialogue produced alignment on four critical areas of action, namely sharing of best practices to build resilient energy systems; enhancing project bankability to unlock capital flows and investor confidence; reducing emissions while delivering social impact; and accelerating innovation and adoption of decarbonisation technologies. In a show of real momentum, Energy Asia 2025 also witnessed the signing of 14 Memoranda of Understanding (MoUs) and the advancement of several high-impact initiatives across technologies, geographies and business models. Notable announcements to support resilience of energy supply include Strategic Cooperation Agreement and Farm-Out Agreements between Petronas and TotalEnergies, deepening upstream collaboration in Malaysia; Joint Venture Framework Agreement between Petronas and Eni to explore a regional upstream joint venture; Award of the Temaris Cluster Small Field Asset PSC by Petronas, through Malaysia Petroleum Management (MPM) to Seascape Energy Asia (One) Sdn Bhd, advancing Malaysia's upstream development; LNG Sale and Purchase Agreement between Petronas LNG Ltd. and Commonwealth LNG, strengthening supply diversification through the United States; and MoU between Petronas and Jera to deepen collaboration across the gas value chain, supporting Japan's energy security and sustainability agenda. Equally, these announcements have matched by initiatives to support energy transition: Launch of Blue Carbon Collective by Petronas in collaboration with Mercedes-AMG Petronas Formula 1 Team, the University of Sao Paolo and Universiti Putra Malaysia to advance research in mangrove-based carbon capture and storage. Launch of Petronas Energy Transition Academy (P-ETA) to equip the energy workforce with skills for a low-carbon future. Formation of Jules Nautica Sdn Bhd, a joint venture between Petronas CCS Ventures, MISC Berhad and Mitsui O.S.K. Lines to own and operate liquefied carbon dioxide (LCO2) carriers for carbon capture and storage (CCS). The Energy Park which runs concurrently with the Executive Conference welcomed almost 14,000 visitors, who engaged with the exhibitions on innovation and emerging technologies and cutting-edge solutions from partners and collaborators of Energy Asia. Energy Asia aims to advance the region's Net-Zero ambitions by bringing together policymakers, industry captains and energy professionals through actionable solutions for a just and responsible energy transition. Spanning three days from June 16 to 18 at the Kuala Lumpur Convention Centre, Energy Asia is poised to deliver riveting thought leadership discussions alongside a showcase of cutting-edge technology and solutions. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
