Rising demand for power

RHB Investment Bank Research has maintained an “overweight” call on the sector.

PETALING JAYA: The utilities sector is expected to continue generating market interest on rising demand for electricity from the surge in data centre developments

Market interest is also expected to be gained from upgrades of the power grid increasing regulated net returns, supply gap being bridged by experienced independent power producers (IPPs) and the addition of renewable energy (RE) capacity helping to increase jobs for construction companies.