Malaysia Experiencing Upward Economic Trend

Malaysia is on the upward economic trend and that is why the electricity consumption grows. Abdul Razak bin Abdul Majid, Chairman of Energy Commission talks about the economic activity.

He says, “Electricity consumption is very much related to the economic activity as I mentioned. I think that we will continue to grow because as the country develops, the consumption per capita will increase as we have seen in previous occasions where the more developed countries tend to use more energy per capita. Malaysia is on an upward trend and so we see consumption increasing. To cater for this we monitor closely and try to forecast at least twice a year to project consumption patterns. We try to put in the capacity well ahead of the gestation period for example it may take five or six years to set up a core plant and so we have to identify the site, get the environmental approvals and so on ahead of time. We want to be ready so that we have sufficient capacity available to meet the needs of the public. We do this regularly and we have a special committee that is checked by the Minister and looks at all of the inputs, recommendations, locations of the plants and the type of fuel made in these facilities. “

Full Interview Available – Energy in Malaysia: Electricity Consumption Growing 3.5% per Annum