Diversify your funding sources, says central bank

CORPORATIONS involved in building large scale renewable energy projects ought to diversify their funding sources to include capital market instruments, foreign direct investments and alternative financing structures, says Bank Negara Malaysia (BNM).

“It is important to note that the banking system alone cannot and should not be expected to meet all financing needs, particularly for large-scale, capital-intensive, long gestation energy transition projects,” the central bank tells StarBiz 7 in email responses on the issue of the single customer risks.