Malaysia Power Report

Published 08 May 2015

  • 58 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Malaysia Power Report

BMI View : The Malaysian power sector is set to grow in 2015 , following a disappointing expansion of 2.4% in 2014 . We expect sector growth to improve to 7.3% in 2015 before accelerating in future as most of the major thermal projects being developed in Malaysia for completion after 2015 are on schedule.

We forecast electricity generation in Malaysia to grow by 7.3% in 2015, versus an underwhelming expansion of 2.4% in 2014. This growth rate is significantly higher than Malaysia's five-year historical average growth for power generation, which is 4.9%, according to our estimates. Nevertheless, we expect growth to pick up further from 2016 onwards. We have maintained our long-term forecasts for electricity generation in Malaysia as the major projects we have incorporated into our forecasts after 2015 remain on schedule. We forecast electricity generation in Malaysia to average 11.8% growth per annum between between 2016-2017, before levelling off at a longer-term growth rate of approximately 3.1% through to 2024.

Key Trends And Developments

  • Following the collapse of global oil prices in Q414, Tenaga Nasional Berhad (TNB) lowered its electricity tariff to reflect lower input prices. The fall in oil prices has likely shelved the expected hikes in electricity tariffs in Malaysia for the time being, although this could change in the event that oil prices rebound over the medium term.

  • 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 2016/17.

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
Malaysia Snapshot
10
Table: Country Snapshot: Economic and Demographic Data (Malaysia 2013-2018)
10
Table: Country Snapshot: Power Sector
10
Malaysia Power Forecast Scenario
11
Electricity Generation And Power Generating Capacity
11
Table: Total Electricity Generation Data And Forecasts (Malaysia 2012-2017)
11
Table: Total Electricity Generation Data And Forecasts (Malaysia 2018-2023)
12
Table: Electricity Generating Capacity Data And Forecasts (Malaysia 2012-2017)
14
Table: Electricity Generating Capacity Data And Forecasts (Malaysia 2018-2023)
14
Electricity Consumption
21
Table: Total Electricity Consumption Data And Forecasts (Malaysia 2012-2017)
21
Table: Total Electricity Consumption Data And Forecasts (Malaysia 2018-2023)
21
Transmission And Distribution: Imports And Exports
21
Table: Electric Power T&D Losses Data And Forecasts (Malaysia 2012-2017)
21
Table: Electric Power T&D Losses Data And Forecasts (Malaysia 2018-2023)
22
Table: Trade Data And Forecasts (Malaysia 2012-2017)
22
Table: Trade Data And Forecasts (Malaysia 2018-2023)
22
Industry Risk Reward Index
24
Asia Power Risk/Reward Index
24
Table: Status Of Applications For Review Of Reactors
27
Table: Asia Power Risk/Reward Index
28
Malaysia Power Risk/Reward Index
29
Rewards
29
Risks
29
Market Overview
31
Key Policies And Market Structure
31
Regulation And Competition
31
Sustainable Energy Policies
32
Pricing
33
Malaysia Power Projects Database
34
Table: Malaysia Major Projects - Power
34
Competitive Landscape
39
Tenaga Nasional Berhad (TNB)
40
Syarikat SESCO Berhad (SESCO)
40
Sabah Electricity Supply Sdn Bhd (SESB)
41
Malakoff
41
Powertek
42
YTL Power
42
Company Profile
43
Tenaga Nasional Berhad (TNB)
43
Syarikat SESCO Berhad
46
Regional Overview
48
Asia Power Regional Overview
48
Table: Status Of Applications for Review of Reactors
50
Table: Emissions Reduction Targets By Industry
51
Glossary
52
Table: Glossary Of Terms
52
Methodology
53
Industry Forecast Methodology
53
Sources
56
Risk/Reward Index Methodology
56
Table: Power Risk/Reward Index Indicators
57
Table: Weighting Of Indicators
58

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).

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc