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Tenaga Nasional Bhd (KL:TENAGA) has emerged as the biggest winner in the government’s bidding exercise for new gas power plants and extension of operations for existing ones.
KUALA LUMPUR: Shares of Malakoff Corp Bhd are showing signs of a potential near-term rebound after stabilising above key support levels, according to Public Investment Bank Bhd (PublicInvest).
Gas-fired power is returning to the fore in Malaysia's energy mix as policymakers move to extend ageing plants and roll out new capacity to meet surging electricity demand.
PETALING JAYA: CIMB Securities Research has revised downward its earnings forecasts on KJTS Group Bhd following the lapse on the group's proposal to acquire Malakoff Corp Bhd's subsidiary, Malakoff Utilities Sdn Bhd (MUSB).
KUALA LUMPUR: CIMB Securities Sdn Bhd views the lapse of KJTS Group Bhd’s proposed acquisition of Malakoff Utilities Sdn Bhd (MUSB) as negative for KJTS, as its previous earnings estimates had assumed the deal would be completed in the first quarter of financial year 2026.
The power purchase agreement (PPA) extensions secured by Malakoff Corp Bhd for three of its power plants will enhance the group's earnings visibility and reinforce the value of its legacy assets.
The recent extension for the operations of three of Malakoff Corp Bhd’s (KL:MALAKOFF) power plants reflects the expectation of rising electricity demand amid a surge in investments into the country, analysts said.
In order to comply with the 12.5% bumiputera equity condition as part of Bursa Malaysia’s listing requirements, KJTS Group Bhd (KL:KJTS) needed to issue 102 million shares to investors approved by the Ministry of Investment, Trade and Industry (Miti).
KUALA LUMPUR: Three Malakoff Corp Bhd gas-fired power plants, with a combined capacity of 2,082MW, have been approved to continue operating until Dec 31, 2029 by the Energy Commission.
KUALA LUMPUR: Three gas power plants belonging to Malakoff Corp Bhd with an aggregate capacity of 2,082MW have been selected for the extension of their operaitons until Dec 31, 2029.