KUALA LUMPUR, 6 AUGUST 2025: Prime Minister Datuk Seri Anwar Ibrahim has welcomed Saudi Arabian firm ACWA Power's decision to choose Malaysia as its main hub in Southeast Asia.
Anwar, in a post on Facebook, said the global leader in renewable energy and green hydrogen is expected to collaborate with local partners to spearhead major energy projects.
"This is another positive development resulting from the close Malaysia-Saudi Arabia cooperation, particularly following my meeting with the founder of ACWA Power during the Asean-GCC Summit (in May).
"This investment recognises Malaysia's energy transition policy, creates high-skilled job opportunities, and drives technology transfer," he said.
Anwar added that ACWA Power is now forging a strategic partnership with Tenaga Nasional Bhd, UEM Lestra and Terengganu Inc. to develop renewable energy, hydrogen and combined cycle gas turbine (CCGT) projects, in line with the National Energy Transition Roadmap (NETR).
This commitment, he said, further strengthens Malaysia's position as a key player in sustainable energy in the region and supports efforts towards a low-carbon economy.
