PETRONAS: Proposed power plant in Labuan still in preliminary stage

A sign for a Petroliam Nasional Bhd (Petronas) gas station stands near the Petronas KLCC Twin Towers in Kuala Lumpur, Malaysia. - Goh Seng Chong/Bloomberg

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) says the proposed construction of a new power plant in Labuan is still at a preliminary stage.

“As such, we are unable to disclose any information about it at this juncture,” the national oil firm said in a reply to Bernama on the progress of the new power plant.

The proposed project by PETRONAS was mooted by Prime Minister Datuk Seri Anwar Ibrahim in December as a long-term solution to the power supply disruptions in Labuan. Once completed, the new power plant will assist in boosting the operational capacity of Sabah Electricity Sdn Bhd (SESB), currently the electricity supply operator in Labuan.

Meanwhile, Deputy Prime Minister Datuk Seri Fadillah Yusof said the proposed power plant, spearheaded by PETRONAS, is a collaborative effort with the Sabah Energy Commission and SESB and is set to be completed in 2027.

In its recently released 2024-2026 Activity Outlook, PETRONAS said that within the next three years, it remains committed to its long-term target of sustaining and growing Malaysia’s oil and gas production.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

PETRONAS , power plant , Labuan , oil and gas


Next In Business News

All systems go for Lumut as an engine of growth
Property mogul eyes ‘city-towns’ from Patagonia to Paraguay
Picky consumers jilting big brands are Unilever India’s new risk
Genting frontrunner in clinching New York City casino licence
Limitless Technology aims to be dominant force in the gifting space
Will EVs take off in Malaysia?
MAS keeps currency policy unchanged to fight elevated inflation
VinFast’s challenges pose risk to Vingroup
Singapore economy expands 2.7% in 1Q
Right time to tap into alternative investments

Others Also Read