Boston, MA -- (SBWIRE) -- 12/03/2014 -- The Malaysian power sector is set to grow at a slower rate in 2015 than in preceding years as we expect no thermal projects to be completed in that year. However, we expect sector growth to accelerate after 2015 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 1.9% in 2015. This growth rate marks a significant slowdown from previous years, with the five-year historical average growth for power generation at around 8.0%, according to our estimates. We do not expect the slowdown in 2015 to continue in 2016 and over the long term. We have maintained our long-term forecasts for electricity generation in Malaysia this quarter as the major projects we have incorporated into our forecasts after 2015 remain on schedule. We forecast electricity generation in Malaysia to grow by an average of 4.2% per annum between 2015 and 2023.

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Key Trends And Developments

- Project 4A, a 1,000MW gas-fired plant, was initially awarded to YTL Power on May 31 via a directly negotiated basis, but YTL chose to withdraw from the MYR3bn project following concerns about preferential treatment. The project has since been awarded to Tenaga Nasional (TNB) and SIPP Energy.
- On January 1 2014, Malaysian state-owned utility TNB hiked retail electricity prices in Peninsular Malaysia by 15% and prices in the state of Sabah and the territory of Labuan by 16.9%. The revision only affects customers using more than 300kWh per month and represent about 30% of electricity users in the country.
- The first liquefied natural gas regasification (LNG) terminal started operating in Melaka LNG near Sungai Udang in early 2013 and received its first cargo in April.
- 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...

The Malaysia Power Report features Business Monitor International (BMI)'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.

Regional Overview

The Regional Overview provides a comparative context from within which one can assess the relative profitability of the power industry in a given country, incorporating BMI's country risk macro forecasts into our regional analysis. They also detail any relevant issues or events that might cause market fluctuations, as well as evaluate the impact of existing power infrastructure and fresh investments on the regional market.

BMI Industry Forecasts

The Industry Forecasts provide historic data series and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual power segment present in the country. These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast. These in turn are broken down into:

Electricity Generation forecasts for Thermal, Coal, Gas, Oil, Nuclear, Hydro and Non-Hydro Renewables. For this section, we provide information on electricity generation (TWh), % growth year-on-year, KWh per capita, and the % of total electricity generation. The thermal fuels (coal, gas and oil) also have figures for their % of total thermal electricity generation.

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