Nik Nazmi denies favoring companies on NETR

Setiawangsa MP Nik Nazmi Nik Ahmad has denied any involvement of favouring specific companies such as Itramas in relation to the National Energy Transition Roadmap (NETR).

He pointed out allegations has been raised after he along with several MPs urged the Malaysian Anti Corruption Commission chief commissioner Tan Sri Azam Baki to go on leave as allegations of a corporate mafia working hand in gloves with MACC was exposed by Bloomberg.

Nik Nazmi who is a former minister for natural resources, environment and climate pointed out that the project did not involve direct government funding.

“The Memorandum of Understanding (MoU) between the private entities concerned was a commercial collaboration aligned with broader national energy transition efforts, not a government-awarded project nor a ministerial approval exercise,” he said in a statement.

“The project in question falls under Malaysia’s Corporate Renewable Energy Supply Scheme (CRESS), which was introduced in September 2024 to enable corporate consumers to procure renewable electricity directly from renewable energy developers through a third-party access model to the national grid.

“Under CRESS, agreements are commercially negotiated between private parties and regulated by the Energy Commission and relevant grid operators.

“The framework does not involve direct government funding, nor does it require or provide for ministerial approval of individual corporate Power Purchase Agreements.

“MOUs of this nature signify private sector intent to explore investment opportunities consistent with NETR; they are not instruments of project award or preferential allocation by the Government.”