KUALA LUMPUR (Oct 23): The rapid development of Malaysia’s energy transition, especially green and renewable energy and the overall energy market, has attracted the interest of the Japan Bank for International Cooperation (JBIC).

Deputy Prime Minister Datuk Seri Fadillah Yusof said this is in line with the Asean Power Grid initiative, the main agenda to drive Malaysia, Asean as well as the global agenda for inclusive and equitable energy development as Malaysia assumes Asean chairmanship next year.

“Japan also voiced the interest of various companies related to submarine cable manufacturing to invest, and thinks Malaysia is the best country for that," he said in a post on his official Facebook page on Wednesday.

Earlier, Fadillah who is also the energy transition and water transformation minister, held a meeting with the JBIC chairman and special adviser to the Japanese government, Tadashi Maeda, at his office in Parliament.

The meeting was a follow-up to Maeda’s meeting with Prime Minister Datuk Seri Anwar Ibrahim on Tuesday on Japan's commitment to raising existing investments by attracting more investors from Japan to Malaysia.

Deputy secretary general (energy) Datuk Mohamad Razif Abd Mubin of Fadillah's ministry was also present at the meeting.

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