Malaysia Power Report

Providing expert analysis, independent forecasts and competitive intelligence on the power.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Petrochemicals Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

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  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Malaysia Power Report
Product Price
$1,295.00

BMI View: The Malaysian power sector is set to grow by 6.0% in 2017 , followi ng an estimated expansion of 6.1% in 2016 and 5.3% in 2015. Growth in 2017 will be powered by the completion of major thermal and coal projects.

Headline Power Forecasts (Malaysia 2015-2021)
2015 2016 2017 2018 2019 2020 2021
e/f = BMI estimate/forecast. Source: EIA, UN Data
Generation, Total, TWh 144.960 153.840 163.120 170.890 180.440 190.220 200.600
Consumption, Net Consumption, TWh 136.0 144.1 151.8 159.8 167.8 177.1 186.1
Capacity, Net, MW 33,066.9 35,546.3 38,847.3 39,579.1 41,677.7 42,656.3 43,564.9

Latest Updates And Structural Trends

  • Natural gas will remain the dominant fuel in Malaysia's power sector over the coming decade, but the share of coal in the power mix will increase - as the coal-fired power project pipeline strengthens in line with the cheap cost and widespread availability of the feedstock.

  • We believe Malaysia's nuclear agenda is overly ambitious given the high development costs, widespread public opposition and the regional geopolitical implications of developing nuclear capacity. Nevertheless, Malaysia will continue to push for domestic nuclear power, based on the country's desire to diversify the power mix away from hydrocarbons and boost long-term energy security.

  • The country's energy sector is set to become more competitive, following the Electricity Commission's decision to hold a new power generation tender exercise to replace Power Purchase Agreements (PPAs), with first generation Independent Power Producers expiring in 2016-2017.

  • The 944MW Murum hydroelectric plant in Belaga in the Malaysian state of Sarawak has been officially opened. The MYR4.1bn (USD991.70mn) facility, developed by state-owned Sarawak Energy, is reportedly the company's first hydropower project under the Sarawak Corridor of Renewable Energy initiative. A major portion of the power generated will be utilised by industrial plants in Samalaju Industrial Park.

  • Sarawak Energy has also received formal approval from the state government of Sarawak, Malaysia, to proceed with its 1,285MW Baleh hydroelectric plant. The project's social and environmental impact assessment reports were approved in 2015, according to CEO Datuk Torstein Dale Sjotveit. The go-ahead will allow the company to begin work on the first of the eight construction packages by end-2016. The facility will be built on the Baleh River, about 95km from its confluence with the Rajang River, and will not require any resettlement. The company revealed that the project is expected to be completed in 2025.

  • Malaysia, Thailand, and Laos signed a power trade agreement in September 2016 which will see Malaysia buy 100MW of electricity from Laos via Thailand's power grid. Officials from the three countries signed the Memorandum of Understanding on the sidelines of the 34th ASEAN Ministers on Energy Meeting in Myanmar. This is the first multilateral power agreement signed under the ASEAN Power Grid Initiative.

BMI Industry View
7
Table: Headline Power Forecasts (Malaysia 2015-2021)
7
SWOT
8
Industry Forecast
10
Malaysia Snapshot
10
Table: Country Snapshot: Economic and Demographic Data (Malaysia 2015-2019)
10
Table: Country Snapshot: Economic and Demographic Data (Malaysia 2020-2025)
10
Table: Country Snapshot: Power Sector
10
Malaysia Power Forecast Scenario
11
Electricity Generation And Power Generating Capacity
17
Table: Total Electricity Generation Data And Forecasts (Malaysia 2014-2019)
17
Table: Total Electricity Generation Data And Forecasts (Malaysia 2020-2025)
18
Table: Electricity Generating Capacity Data And Forecasts (Malaysia 2014-2019)
19
Table: Electricity Generating Capacity Data And Forecasts (Malaysia 2020-2025)
19
Electricity Consumption
20
Table: Total Electricity Consumption Data And Forecasts (Malaysia 2014-2019)
20
Table: Total Electricity Consumption Data And Forecasts (Malaysia 2020-2025)
20
Transmission And Distribution: Imports And Exports
21
Table: Electric Power T&D Losses Data And Forecasts (Malaysia 2014-2019)
21
Table: Electric Power T&D Losses Data And Forecasts (Malaysia 2020-2025)
21
Table: Trade Data And Forecasts (Malaysia 2014-2019)
21
Table: Trade Data And Forecasts (Malaysia 2020-2025)
21
Industry Risk Reward Index
24
Asia Power Risk Reward Index
24
Table: Power RRI By Country (Scores Out Of 100)
30
Malaysia Power Risk/Reward Index
31
Rewards
31
Risks
31
Market Overview
32
Key Policies And Market Structure
32
Regulation And Competition
32
Sustainable Energy Policies
33
Pricing
34
Malaysia Power Projects Database
35
Table: Malaysia - Top 10 Projects By Capacity (MW)
36
Competitive Landscape
38
Tenaga Nasional Berhad (TNB)
39
Syarikat SESCO Berhad (SESCO)
39
Sabah Electricity Supply Sdn Bhd (SESB)
40
Malakoff
40
Powertek
41
YTL Power
41
Company Profile
42
Tenaga Nasional Berhad (TNB)
42
Syarikat SESCO Berhad
45
Regional Overview
47
Asia (Region) - Coal To Dominate, But Contribution To Slip
47
Table: BMI's JAPAN KOREA MARKER FORECAST
51
Glossary
53
Table: Glossary Of Terms
53
Methodology
54
Methodology And Sources
54
Industry Forecast Methodology
54
Sources
57
Risk/Reward Index Methodology
57
Table: Power Risk/Reward Index Indicators
58
Table: Weighting Of Indicators
59

The Malaysia Power Report features BMI Research's market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Malaysia Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

  • Use BMI's independent industry forecasts for Malaysia to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks Malaysia's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Malaysia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector and within the broader political, economic and business environment.

BMI’s Power Forecast Scenario

Forecasts to end-2024 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Generation: Electricity generation total, thermal, coal, natural gas, oil, nuclear, hydropower, hydro-electric pumped storage and non-hydropower renewables.
  • Transmission and Distribution Losses: Electric power transmission and distribution losses.
  • Trade: Total imports and exports.
  • Electricity Consumption: Net consumption.
  • Electricity Capacity: Capacity net, conventional thermal, nuclear, hydropower and non-hydroelectric renewables.

BMI’s Power Risk Reward Index

BMI’s Risk Reward Indices provide investors (power companies, service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors,

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment, sustainable energy policies, pricing and the latest regulatory developments.

Key Projects Database

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by location, sector type, capacity, value, companies and operational status.

Competitive Landscape

Illustration of the power industry that exploits our data-rich, in-depth analysis of the leading players in the sector and examination of operational results, strategic goals, market position and the potential for investment.

Power Outlook long-Term Forecasts

Regional long-term power forecasts covering electricity generation, consumption and capacity for thermal, hydroelectric and nuclear power. These are supported by a country specific  overview, alongside an analysis of key downside risks to the main forecasts.

Regional Overview

Providing BMI’s near-term economic outlook for the region as a whole, as well as taking a close look at countries of particular interest and the latest trends and developments.

Sources

The Power Market Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports, including Energy Information Administration (EIA), World Bank (WB) and United Nations (UN).