Summary
- RM15 billion investment announced for national electricity grid.
- Initiative aims to support growing electricity demand.
- Part of Malaysia’s broader energy transition plans.
KUALA LUMPUR, October 9 — Tenaga Nasional Berhad (TNB) will invest RM15 billion to strengthen Malaysia’s national electricity grid as part of efforts to ensure a reliable power supply.
And meet the country’s growing electricity demand. Prime Minister and Finance Minister Anwar Ibrahim announced the investment under Budget 2027.
Highlighting the importance of improving energy infrastructure amid global uncertainty and long-term energy security concerns. The initiative forms part of the government’s wider energy transition strategy.
Which includes investments in renewable energy, energy storage and green technology. Other measures announced include RM1 billion in investments by UEM Lestra for projects.
Involving energy storage at Kuala Lumpur International Airport and a one-gigawatt hybrid energy project in Johor. However, the speech does not provide the implementation timeline.
Locations of grid upgrades or details on how the RM15 billion will be distributed.
