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KUALA LUMPUR, April 15 (Bernama) -- On the back of Malaysia’s increasing electricity demand, UOB Malaysia is helping to contribute to the country’s transition to cleaner energy through its support of power plants with lower environmental impact. To increase the national power capacity mix, the Bank is committed to supporting development of projects that use efficient sources of energy, such as natural gas and renewables.
Power generation in the country is projected to grow by an average of 3.2 per cent annually to reach 47.8 gigawatts by the end of 2028¹. The Klang Valley region accounts for the highest electricity demand in Peninsular Malaysia, and with its current supply deficit, the region relies heavily on the long-distance transmission of power from both the Northern and Southern regions in the Peninsular.