KUALA LUMPUR, April 25 (Bernama) -- In light of recent increase in demand for Energy Efficiency (“EE”) Projects and funding for the Fourth Industrial Revolution (“IR4.0”), Malaysia Debt Ventures Berhad (“MDV”) yesterday hosted a Client Engagement Programme-MDV Funding Day 2019 specifically to promote funding programmes catered for these two areas of technology at The Light Hotel in Seberang Jaya, Penang.
 
The event comprised 2 panel sessions, the first on EE Financing followed subsequently by discussions on the Funding Ecosystem for IR4.0 and Digitalisation. Speaking at the panel sessions were key representatives from Energy Commission (“ST”), Malaysia Green Technology Corporation (“MGTC”), Sustainable Energy Development Authority Malaysia (“SEDA”), Malaysian Investment Development Authority (“MIDA”), Collaborative Research in Engineering, Science & Technology (“CREST”) and Experior Technology Sdn. Bhd.
 
Delivering his keynote yesterday, Chairman of MDV, YBhg Dato’ Seri Lee Kah Choon mentioned how MDV’s financing exposure to Energy Efficiency sector to-date stands at RM 99.1 million as more focus and emphasis is placed on green technology and energy efficiency where green growth will be an essential shift in how Malaysia perceives the role of natural resources and the environment in its socio-economic development.

“As an organisation, MDV has the flexibility to understand the problems and risks of financing technology projects and develop programmes to fund high risk projects by establishing appropriate credit assessment methodologies. Financing provided by MDV together with Government incentives specifically tailored for Energy Service Companies (“ESCO”) can steer the implementation of energy efficiency project in the building sector and spur sustainable technology growth in the country,” said Lee.
 
With a total drawdown of RM 500 Million to date from its existing RM 1 Billion Sukuk Murabahah Programme (“Third Fund”), MDV continues to carry the Government’s mandate of providing funding to the development of technology areas in Malaysia, with allocated funds of RM 50 Million for future Energy Efficiency projects and RM 25 Million for IR4.0, especially for start-ups.
 
In building the right ecosystem for IR4.0, support from Government and the business sector is needed to build a mind-set that supports its growth as the global supply chain increases its demand, productivity and cost efficiency. With 98% of businesses categorised as Small and Medium Enterprises, MDV is more determined to provide financial support to projects in the IR4.0 spectrum, in order to create a competitive collaborative economy.
 
Source: Malaysia Debt Ventures Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Amelia Ong Abdullah
Tel: 03-26172841
Email: amelia@mdv.com.my

--BERNAMA