11MP encourages sustainable energy use to support growth

KUALA LUMPUR: Malaysia is committed to ensuring energy security for the nation while improving infrastructure and service delivery for the oil, gas and electricity sub-sectors as ways to encourage sustainable energy use to support growth.

Underpinning these efforts were continuing policies to rationalise energy subsidies and move towards a market-based energy pricing so that energy resources are utilised optimally, said the Economic Planning Unit (EPU) of the Prime Minister's Department in the Eleventh Malaysia Plan (11MP).

Prime Minister Datuk Seri Najib Tun Razak tabled the five-year (2016-2020) plan in the Dewan Rakyat today.

The EPU said encouraging sustainable energy use to support growth was among the key initiatives in strengthening infrastructure to support economic expansion.

It said the aims would be achieved through five strategies, including strengthening stakeholder coordination and collaboration in the energy sector through greater institutional collaboration on energy planning and engaging end-users on efficient energy consumption.

The other strategies are ensuring the security and reliability of supply for the oil and gas (O&G) sub-sector within a market-based approach; enabling growth in the O&G sub-sector; managing supply diversity for security of the electricity sub-sector; and improving the sustainability, efficiency; and reliability of the electricity sub-sector. – Bernama