Premier: Sarawak mulls blended finance facility to fund energy transition

AI Summary

Sarawak Premier Abang Johari announced the state is exploring a blended finance facility to support infrastructure projects and investments aligned with its energy transition goals. This facility aims to attract private sector investment by mitigating risks and using public funds as a catalyst. He emphasized the need for collaboration with development partners, investors, and financial institutions. The announcement was made during the launch of the Sarawak Energy Transition Policy (SET-P), which categorizes energy transition opportunities into commercially viable projects, public-good initiatives, and early-stage technologies requiring government support.