NEW YORK: Though the visiting Taiwanese business delegation, comprising companies engaged in the island’s energy sector, has closely monitored developments in Malaysia’s power sector they are unaware of the extent of incentives the Malaysian Government will extend to them if they collaborate with Malaysian firms by offering technology or participating with capital.
The delegation, which is led by Taiwan’s Deputy Economics Minister Dr Hwang Jung-Chiou, is currently visiting the US to scout for business opportunities and identify corporate partners in the energy sector as many federal states in the US are giving priority to tapping what is euphemised as “green energy.”
Malaysia could open itself too, given its existing infrastructure in the energy sector, one Taiwanese businessman, who recently toured Sarawak and Penang in a “private capacity”, told Bernama on the condition of anonymity.
“I believe Malaysia would be a good partner for Taiwan for cooperation in energy issues. The entire world is clamouring for clean and green energy which which is going to be the future trend.
“Green energy has become a sort of battle cry in many countries of the world. It is obvious that the industry will need new and cleaner forms of technology to combat pollution if we are to achieve the climate change goals,” he said.
Malaysian Industrial Development Authority, which promotes investments to and from Malaysia, can look at ways and means of fostering closer cooperation with Taiwan whose energy-specialised companies are earmarking large sums for research and development (R&D) to produce innovative technology for this sector.
Though the focus of his current visit is on fostering closer business ties with US corporations, Hwang is also not oblivious to opportunities available in Asia itself, including Malaysia. Hwang said the Asean region was replete with energy resources.
He said the Thai government, for example, gave some incentives to foreign companies interested in the energy sector but he was not sure if Malaysia also did the same.
The remarks imply that Taiwan’s industry may also take a closer look at Malaysia’s energy sector if the Malaysian Government can provide the right form of incentives and other facilities. — Bernama
Source: thestar.com.my/
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