New power sector investment cycle seen


The headquarters of the Malaysia Energy Commission

PETALING JAYA: The recent tenders for new gas-fired power capacity is the first in more than 10 years for baseload power capacity. According to CGS International (CGSI) Research, this indicates that a new power sector investment cycle is underway.

On May 10, 2025, the Energy Commission (EC) announced that the government had launched a request for proposal or RFP for new gas-fired power generation capacity in Peninsular Malaysia via a competitive bidding exercise. The tenders comprise two categories.

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