Malaysia seeks investor-funded grid upgrades for data centres
Johari said operators would also be billed for committed power capacity they leave unused, while a taskforce has agreed on at least 30% local content.
Foreign and domestic investment, new plants, expansion plans and funding.
Johari said operators would also be billed for committed power capacity they leave unused, while a taskforce has agreed on at least 30% local content.
Planned separation and refining facilities would use ReElement technology, but investment costs, locations and a development schedule were not disclosed.
Johor has 16 of the approved projects, while the developments are expected to create 4,053 jobs, according to the Digital Ministry.
The projects are expected to generate 4,053 jobs, with Malaysians projected to fill 89.21% of the high-skilled positions.
The group also announced a RM2.15 million investment in Australian-listed Metal Bank Ltd through a private placement.
The Taiwan-listed company expects to invest in 2026 and 2027, with the facility targeted for completion in 2028.
The companies will assess energy technologies on land held by Seri Pajam and its affiliates, with SPD Tech Valley identified as a potential site.
More than a dozen firms are considering local mining partnerships and processing investments as Washington seeks alternatives to Chinese supplies.
Letters of intent were presented to Invest Selangor Bhd, but the proposed investments remain unconfirmed and no project timelines were disclosed.
KL20 also aims to add an estimated 2,000 to 3,500 active startups, with a Kuala Lumpur event scheduled for Oct 19.