Malaysian Companies Face Stricter Energy Efficiency Rules

Malaysian companies must prepare for stricter compliance requirements when the newly approved Energy Efficiency and Conservation Act 2024 (EECA) is implemented. Zaini Abdul Wahab, president of the Malaysian Association of Registered Electrical Energy Managers, said while multinational companies are well-prepared, local companies may struggle.

The EECA aims to regulate energy consumption and promote conservation across sectors, setting guidelines, standards and regulations for sustainable energy use. The Act demands mandatory energy audits and comprehensive energy management systems, exceeding the current minimum requirements. Zaini estimates only 25%-30% of Malaysian companies will be ready when the law takes effect, with around 3,000 affected, up from the current 1,800. He noted even large government-linked companies often lack comprehensive energy management systems, despite some having sustainability programs

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Advancecon eyes mini-hydro and energy-efficiency projects, open to local, regional merger dealsKUALA LUMPUR: Advancecon Holdings Bhd is broadening its focus beyond solar renewables by exploring opportunities in mini-hydro and energy-efficiency p...
Fonte: theSundaily - 🏆 25. / 51 Consulte Mais informação »

Malaysian companies encouraged to explore the vast opportunities in RussiaKUALA LUMPUR: Malaysian companies are encouraged to explore the vast opportunities offered by Russian businesses, particularly in digitalisation and i...
Fonte: theSundaily - 🏆 25. / 51 Consulte Mais informação »

Thai police crack down on shell companies linked to cybercrime in networks, including eight Malaysian suspects'Home Sweet Home' violated Article 46 of the broadcasting review regulations, which prohibits content with advertising effects, including lyrics that reference specific product brands, KBS said Wednesday.
Fonte: staronline - 🏆 4. / 75 Consulte Mais informação »

Malaysian Finance Minister Reports 7,900 Companies Adopt E-Invoice SystemAs of Nov 19, a total of 7,900 companies have adopted Malaysia's e-invoice system, involving 87 million issuances. Finance Minister Anwar Ibrahim noted the high uptake signifies successful implementation, with SMEs given a grace period for adoption.
Fonte: staronline - 🏆 4. / 75 Consulte Mais informação »