ACWA Power looks to collaborate with strategic M’sian partners on renewable energy projects, says Anwar

KUALA LUMPUR (April 29): Saudi Arabia-based renewable energy giant ACWA Power reveals plans to collaborate with several strategic Malaysian partners in developing renewable energy projects across multiple states in Malaysia. Prime Minister Datuk Seri Anwar Ibrahim said.

In a recent Facebook post after meeting with ACWA Power Chairman Mohammad A. Abunayan and representatives of the company’s senior management team on Monday afternoon, Mr. Anwar said the company’s operations include Terengganu, Kelantan, Perlis and Sarawak. He said he also presented an investment proposal that included cooperation in developing several energy projects in the state. , Johor.

“I expressed my appreciation for ACWA Power’s commitment to increase investment in Malaysia, saying the country always welcomes all efforts to promote the country’s economic growth and the prosperity of its people.” he said.

At the meeting held on the sidelines of the World Economic Forum Special Meeting here on Monday, Mohammad A. Abunayan said the company’s investment of over US$10 billion (RM47.64 billion) in Malaysia over 10 years will He also made his intentions clear.

Some of the proposed projects will be implemented through collaboration with local company Cypark Resources Bhd.

Anwar, who is also Finance Minister, said Madani’s government will continue to implement investment-friendly policies, focusing on efforts to ensure the facilitation and speeding up of all investment processes.

Foreign Minister Datuk Seri Mohamad Hasan and Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz also attended the meeting.

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