PETALING JAYA: Kumpulan Powernet Bhd (KPower) plans to further expand its geographical presence in the energy sector within Asean and South Asia, amid the resilient outlook for the sector.
Group managing director Mustakim Mat Nun (pic) said the group is optimistic that governments across the region will continue to focus on the energy, utilities and infrastructure industries because they are key industries in revitalising and expanding the economy.
“In actual fact, the Asean region recently increased the renewable energy’s installed capacity target to 35% by 2025.
“This target is set under the Asean Plan of Action for Energy Cooperation Phase 2 which will be implemented during the
period of 2021 until 2025, ” he said in a statement.
The signing of the RCEP trade agreement showed that the region is serious in expanding and growing its economy. — Bernama