KUALA LUMPUR, Malaysia Debt Ventures Bhd (MDV) has approved RM122.65 million in financing for six technology-driven companies carrying out energy transition projects under the National Energy Transition Facility (NETF).
Minister of Science, Technology and Innovation Chang Lih Kang.
MDV, operating under the Ministry of Science, Technology and Innovation (Mosti), said part of the financing—RM40.09 million—is earmarked for targeted incentives such as rebates and credit enhancements to lower project costs and improve bankability, subject to MDV’s assessment.
Of the six approved companies, five focus on renewable energy solutions like solar and biogas, while one is dedicated to energy efficiency initiatives.
Minister of Science, Technology and Innovation Chang Lih Kang emphasized that MDV is strategically positioned to channel funding into impactful energy transition projects. “Mosti will continue to support NETF’s implementation, reflecting the Madani government’s commitment to sustainable development, industry collaboration, and positioning Malaysia as a regional leader in low-carbon innovation,” he said.
MDV chairman Wong Chen added that the agency aims to accelerate renewable energy adoption by funding key energy transition projects, contributing to socio-economic progress. “Our priority is delivering tangible results aligned with the National Energy Transition Roadmap’s vision for a low-carbon future and addressing urgent climate challenges,” he noted.
MDV plans to finance around 20 to 30 technology projects under the NETF, depending on individual project requirements. These initiatives are expected to cut carbon emissions, create new economic opportunities, and drive sustainable growth in Malaysia.
