Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Thermal power to remain most significant source in Malaysia during 2019-2030, says GlobalData


May 16, 2019 ( Newswire) Thermal power capacity in Malaysia is expected to show a significant growth of 5 GW during 2019-2030 in order to meet the increasing consumption, and non-hydro renewable power is estimated to follow with a 2.8 GW capacity addition during this period, according to GlobalData, a leading data and analytics company.

GlobalData's latest report, 'Malaysia Power Market Outlook to 2030, Update 2019 - Market Trends, Regulations, and Competitive Landscape', reveals that due to an immature renewable power market and strong public resistance to the proposed adoption of nuclear power, the country will continue to embrace thermal power during 2019-2030 while also adding small amounts of renewable power capacity each year.

Harshavardhan Reddy Nagatham, Power Analyst at GlobalData, comments: "Progressive economic reforms and a continuous increase in industrial activity are expected to boost economic progress in Malaysia, driving the country's GDP at a compound annual growth rate (CAGR) of 4.8% during the forecast period. In addition, increasing population will result in a significant increase in electricity consumption."

Malaysia is a net importer of electricity. The country is primarily dependent on thermal resources for electricity generation and, although it possesses substantial fuel reserves, it faces the risk of declining energy security.

As of 2018, gas-fired thermal power dominated the country's power portfolio, with a share of 43% of the total installed capacity. Coal and oil followed with a share of 30.4% and 5.9%, respectively. While hydropower held a 17.2% share, other renewables together accounted for less than 4% of the total capacity.

The government had considered adopting nuclear power in order to establish energy independence and at the same time avoid greenhouse gas (GHG) emissions. The government also set up a Nuclear Power Development Steering Committee and deployed three working groups to plan and co-ordinate the development of nuclear power.

However, due to wide public resistance over the idea, the plans did not materialize and may not see traction anytime soon. This leaves renewable power as the only other option to generate electricity without increasing GHG emissions.

The share of thermal power is estimated to decrease slightly from 79.2% in 2018 to 71.2% in 2030; while that of non-hydro renewable power is estimated to increase from 3.6% in 2018 to 8.7% in 2030.

Nagatham concludes: "Despite the growth in the share of renewable power in Malaysia, the country will continue to embrace and develop its thermal power capacity in order to meet the growing demand for electricity."

For more information

To gain access to our latest press releases: GlobalData Media Centre

Analysts available for comment. Please contact the GlobalData Press Office:

EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809

For expert analysis on developments in your industry, please connect with us on:

GlobalData Energy

Notes to Editors

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team of industry experts

About GlobalData

4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire and

Global investors must adhere to regulations of each country. Please read privacy policy:

Follow Us on StockTwits

Renewable Energy Stocks - Renewable Energy Stocks Directory, Renewable Energy Stocks News, Research and Resources

Get more Renewable Energy stock investor ideas - news, articles, podcasts and stock directories