In a landmark step towards green industrialisation, InvestSarawak and China Energy Engineering Investment Corporation Limited (CEEIC) have signed a Memorandum of Understanding (MoU) to jointly develop up to 2 gigawatts (GW) of renewable energy capacity in Sarawak. The agreement encompasses solar power, battery storage, and strategic grid infrastructure aimed at meeting the region’s escalating energy needs.
The signing ceremony, held at a premier hotel in Kuching, was witnessed by Deputy Premier and Minister for International Trade, Industry and Investment, Datuk Amar Awang Tengah Ali Hasan. Representing the signatories were InvestSarawak CEO Timothy Ong and CEEIC Chief Economist and General Manager of the Overseas Department, He Lei.
CEEIC has committed to a potential investment of US$1.35 billion (RM6.0 billion), marking one of the largest foreign investments in Sarawak’s clean energy sector to date. The initiative aligns seamlessly with the state’s Post Covid-19 Development Strategy (PCDS) 2030, which envisions Sarawak as a regional hub for low-carbon and sustainable growth.
“This collaboration strengthens Sarawak’s position as a green energy investment destination and supports our broader vision for a low-carbon economy,” said Awang Tengah. “By harnessing our renewable resources strategically, we are building a future-proof energy foundation for the region.”
CEEIC, the flagship investment arm of China Energy Engineering Corporation Limited (CEEC), brings extensive global experience to the table. The company has developed and managed more than 12GW in energy projects across coal, hydro, wind, solar, and biomass sectors, along with advanced energy storage and grid technologies. Its international footprint includes major infrastructure in China, Vietnam, and the Philippines, such as the Hai Duong BOT power plant and the world’s largest light-heat storage facility in Xinjiang.
In its statement, InvestSarawak emphasized that the partnership will accelerate technology transfer, create skilled jobs for locals, and reinforce long-term energy security in Sarawak. It will also support the state’s shift towards a hydrogen economy and low-carbon manufacturing under PCDS 2030.
“We are honored to collaborate with Sarawak’s government and InvestSarawak on this ambitious energy journey,” said Wang Honggang, CEEIC Deputy General Manager. “Sarawak offers immense potential for large-scale solar and hybrid energy systems, and we are committed to delivering lasting value across each phase of development.”
The investment will be rolled out in phases, aligned with Sarawak’s energy development roadmap and subject to approvals from relevant Chinese authorities.
InvestSarawak CEO Timothy Ong highlighted the state’s openness to green investment and reaffirmed Sarawak’s role in ASEAN’s emerging green growth corridor.
“This partnership reflects growing international confidence in Sarawak’s renewable energy strategy. It’s more than infrastructure—it’s a blueprint for sustainable progress,” Ong said.
Among the dignitaries present at the signing were Deputy Minister for Utility and Telecommunication Datuk Ibrahim Baki; Deputy Minister for International Trade, Industry and Investment Datuk Dr Malcolm Mussen Lamoh; Deputy Minister for Youth, Sports and Entrepreneur Development Datuk Dr Ripin Lamat; and Sarawak Energy COO James Ung.
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