Selangor State Government Guiding Start-Ups Introduce Renewable Energy

The Selangor government is guiding start-up companies to introduce renewable energy sources to reduce carbon emissions.

Selangor Menteri Besar said related companies were trained by the Selangor Digital Economy Information Technology Corporation (Sidec) through the Selangor Accelerator Program (SAP).

According to Dato’ Seri Amirudin Shari, Permodalan Negeri Selangor Berhad (PNSB) is allocating RM30 million in venture capital to accelerate the growth of start-up companies, especially in the areas of net zero transition, economic cycle and smart cities.

“This effort will greatly benefit the public because we can quickly decarbonize power in addition to saving electricity bills and reducing fuel subsidies,” he said.

He spoke at the launch of the Selangor Smart City and Digital Economy Convention in conjunction with the Selangor International Business Summit (SIBS) 2022 at the Kuala Lumpur Convention Center yesterday (October 6).

At the same time, Amirudin acknowledged that the country has the potential to develop renewable energy sources such as solar energy, biofuels and biomass.

“We are relieved to see the main government-linked companies (GLCs) in Malaysia that have ventured into the field of renewable energy, including Petroliam Nasional Bhd (Petronas), Tenaga Nasional Berhad, Telekom Malaysia, and FGV Holdings Berhad.

“They set up new business ventures in addition to investing in environmental, social, and governance (ESG),” he said.

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