Investment Opportunities in Power Sector in Malaysia
Abdul Razak bin Abdul Majid, Chairman of Energy Commission talks about the investment opportunities in power sector in Malaysia for independent power producers.
imported 2024-03-17 17:43:07
Abdul Razak bin Abdul Majid, Chairman of Energy Commission talks about the investment opportunities in power sector in Malaysia for independent power producers.
Abdul Razak bin Abdul Majid, Chairman of Energy Commission says that Malaysia offers one of the lowest rates for electricity for commercial and industrial purposes.
Abdul Razak bin Abdul Majid, Chairman of Energy Commission talks about the structure of the electricity sector.
Abdul Razak bin Abdul Majid, Chairman of Energy Commission talks about renewable energy in Malaysia. Renewable power generation stands at 10% including the hydro. The plan of the government is to increase the power generated from renewable energy to 20% by 2030.
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 electricity consumption in Malaysia. The power consumption grew at 3.5% per annum.
Electricity consumption is still linked to economic growth activity in this country. At the moment we are growing at about 3.5% per annum and sometimes that creeps up a bit further depending on the general investment climate and economic development.
Luc Ayé, Managing Director of Azito Energie, talks about the different stages of the power station project.
I think the demand is there and it is strong. There are lots of projects which we have become involved in and for which the government has signed concession contracts with new operators. These projects must play a role in the years to come but also continue to grow, so I think there are places for operators to help meet the needs.
Paddy Padmanathan, President and CEO of ACWA Power
The tariff difference between our tender and the next bidder across the board seems to be in the order of about an average of 20%. In practice it means: on one transaction buying 4,000 megawatts for 20 years on a 20-year fixed-price contract in this instance at 24% tariff difference between our tender and the next bidder. That is about $1.2 billion. In effect, that is $1.2 billion of saving to the national economy of Saudi Arabia.