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
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