The utilities sub-sector comprises energy and water utilities services. Energy services encompass power generation, transmission, and electricity distribution by Tenaga Nasional Berhad (TNB), Sarawak Energy and Sabah Electricity Sdn. Bhd. (SESB). Water utilities services covers those provided by Suruhanjaya Perkhidmatan Air Negara (SPAN) and
Pengurusan Aset Air Berhad (PAAB).

Government spending supported the sub-sector under Budget 2022, with RM485 million for infrastructure improvement projects such as rural electricity supply, and RM382 million for rural and alternative water supply, and other rural infrastructure development in remote areas, in Sarawak and Sabah that aims to reduce the urban-rural development gap nationwide. As a result, 2022 recorded a tremendous increment of investment in the water services industry compared to 2021.

The utility sector’s 2023 outlook is positive, thanks to regulated assets supporting power and gas companies. TNB’s RM20 billion annual investment for RE aims for net-zero carbon by 2050. Operating thermal and hydroelectric plants, the national utility balance’s reliability, socio-economics, and environmental concerns. It’s already progressing by shutting down a 1,400 MW coal plant in Selangor before its 2029 schedule.

RM11.4 bil

Total Approved Investments in 2022