KUALA LUMPUR, Sept. 12 (Xinhua) -- Malaysia Debt Ventures Berhad (MDV), a Malaysian government-owned company providing financing to start-ups, was targeting total approvals of 300 million ringgit (71.06 million U.S. dollars) in financing for energy transition projects under the National Energy Transition Facility by 2025.
The firm said that this target included an estimation of 70 million ringgit in targeted incentives aimed at enhancing the overall bankability of projects.
The identified projects fell under the energy transition levers such as renewable energy, energy efficiency, biogas/biomass, and green mobility, which are central to Malaysia's decarbonization agenda.
Through the initiative, MDV was looking to support between 20 and 30 eligible companies or projects over a two-year period (2025-2026), depending on the financing amount per project. (1 ringgit equals 0.24 U.S. dollars) ■
