New investors are expected to join the second phase of the waste-to-energy (WTE) scheme between 2022 and 2023, with electricity generation capacity of 600 megawatts, as energy and industry authorities continue to promote refuse-derived fuel after a delay caused by the Covid-19 pandemic.
Entrepreneurs feel they cannot continue to maintain stable prices of goods much longer as soaring energy costs are making waves across the board, dealing a blow to both emerging businesses such as delivery services as well as laggards like tourism.
The government is looking for additional sources of funding to finance its energy subsidies, as its financial assistance is running low while global oil prices are approaching US$100 a barrel.