Power segment on long-term expansion mode

Big play: TNB power lines are seen in Selayang. The firm is well positioned to see better results in the year ahead.

POWER is another hot sector for the year ahead, helped by the rollout of the National Energy Transition Roadmap (NETR) in 2023. This roadmap is expected to underpin the sector’s longer-term earnings growth to at least 2030.

In addition, electricity demand is set to grow in Malaysia in tandem with increased economic activities in 2024 as well as the rising number of energy-guzzling data centres and the growing adoption of electric vehicles (EVs) in the country.