Energy transition a boon for utility companies


CGSI Research remained “overweight” on Malaysian utilities.

PETALING JAYA: CGS International Research (CGSI Research) believes that the government’s steady and timely delivery of the National Energy Transition Roadmap (NETR) initiatives should strengthen investor confidence around the country’s energy transition ambitions and drive sector earnings growth.

On Tuesday, the government announced the long-awaited bid results for the large-scale solar 5+ (LSS5+) initiative, awarding 2GW of solar capacity to 13 bidders, out of the 37 applications received.

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