ASEAN to sign MoU on regional power grid implementation
2025 will be a pivotal turning point for ASEAN’s energy cooperation, marking the culmination of the ASEAN Plan of Action for Energy Cooperation (APAEC) Phase II (2021–2025), and the beginning of APAEC 2026–2030
Kuala Lumpur (VNA)🍌 - ASEAN member states are set to sign a Memorandum of Understanding (MoU) on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Malaysian Deputy Prime Minister Datuk Seri Fadillah Yusof said the MoU will outline a roadmap for the ASEAN Power Grid (APG), including the harmonisation of standards and regulations, as well as a business model for cross-border energy exchange among member states.
Fadillah, who is also Minister of Energy Transition and Water Transformation, said ASEAN had long discussed the APG. During his tenure as co-chair of the Energy Ministers’ Meeting in Vientiane last year, member states agreed to revisit the initiative and ensure that the APG becomes a central focus moving forward.
He expressed his hope that the current MoU will evolve into a formal agreement, marking a significant step towards implementing the APG.
Fadillah said 2025 will be a pivotal turning point for ASEAN’s energy cooperation, marking the culmination of the ASEAN Plan of Action for Energy Cooperation (APAEC) Phase II (2021–2025), and the beginning of APAEC 2026–2030./.
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Deputy Prime Minister Datuk Seri Fadillah Yusof said key decisions regarding the APG roadmap were expected to be finalised at the 43rd ASEAN Ministers on Energy Meeting (AMEM) in Kuala Lumpur this October, following encouraging progress made during the recent Senior Officials Meeting on Energy (SOME).
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The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
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Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
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