PETALING JAYA: Affin Hwang Investment Bank is optimistic about the prospects of Malakoff Corp Bhd
, as it believes that Malaysia may need to boost its power generation capacity by 2030 to meet demand growth, replace retiring capacity and maintain an adequate reserve margin.
In a note to clients, it said the country would require an additional 10 gigawatts (GW) to 11GW of generation capacity in another five or six years, and possible short-term measures to meet this need are extending expired and expiring Power Purchase Agreements (PPAs) for existing gas plants for approximately 1.5GW to 2.0GW of capacity.
