Proposed power plant in Labuan still in preliminary stage - PETRONAS


KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) said the proposed construction of a new power plant in Labuan is still at a preliminary stage.

"As such, we are unable to disclose any information about it at this juncture," the national oil firm said in a reply to Bernama on the progress of the new power plant.

The proposed project by Petronas was mooted by Prime Minister Datuk Seri Anwar Ibrahim in December as a long-term solution to the power supply disruptions in Labuan.

Once completed, the new power plant will assist in boosting the operational capacity of Sabah Electricity Sdn Bhd (SESB), currently the electricity supply operator in Labuan.

Meanwhile, Deputy Prime Minister Datuk Seri Fadillah Yusof said the proposed power plant, spearheaded by Petronas, is a collaborative effort with the Sabah Energy Commission and SESB, set to be completed in 2027. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

PETRONAS , Labuan

   

Next In Business News

MicroStrategy, Palantir added to Nasdaq 100, with Moderna facing an exit
Strong client deployments to propel SMRT
Fed meeting in focus as robust year for stocks draws to a close
Trump tax cuts may fail to drive economic gains
Broadcom valuation soars on AI sales boom
UK gas plants make millions in a couple of hours during price spike
Moody’s hands France a surprise downgrade
New tax brings dividends
Boycott hits the bottom line
WEC Energy gets US$2.5bil loan for clean projects

Others Also Read