From hydropower to hydrogen, Sarawak offers various investment opportunities at inaugural MIDA Invest Series event

Datuk Amar Awang Tengah Ali Hasan

By Shikin Louis

KUALA LUMPUR, July 17: From hydropower to hydrogen, Sarawak offers various investment opportunities in clean energy generation sector at the inaugural “Malaysian Investment Development Authority (MIDA) Invest Series—Sarawak: Unfolding Its Business Potential” in Kuala Lumpur today.

Deputy Premier-cum-Sarawak Minister of International Trade, Industry and Investment, Datuk Amar Awang Tengah Ali Hasan, said Sarawak aims to be a regional green energy powerhouse and is currently exploring innovative way of harnessing energy using cascading dams, solar, wind, biomass, sustainable fuel and hydrogen.

“These create a dynamic environment for investors to invest in sustainable and renewable energy solutions.

“In addition, renewable energy has become a major attraction for investors seeking to reduce their carbon footprint,” he said during the launching ceremony for MIDA Invest Series—Sarawak 2024.

Awang Tengah also said Sarawak is poised to lead in the emerging hydrogen economy where its hydropower resources provide a sustainable and affordable energy source that enables Sarawak to become a hydrogen hub.

“This new economy offers investment opportunities from developing advanced electrolysers and fuel cells to creating sustainable storage solutions and transportation networks,” he stated.

Additionally, he said Sarawak is also looking at the carbon capture, utilisation and storage (CCUS) industry and will continue to expand digital infrastructure, enhance digital skills and innovation to create an integrated ecosystem and vibrant technology sector.

Held at MIDA Sentral in Kuala Lumpur, the MIDA Invest Series event has gathered over 200 participants, including industry leaders, government officials, entrepreneurs, and senior management from various sectors.

The programme featured three sessions that highlighted Sarawak’s strategic initiatives and investment opportunities in key sectors, sustainable port infrastructure development, and the roadmap for digital economy and digital transformation in Sarawak, presented by speakers from relevant State agencies. — DayakDaily