
(Nov 11): Malaysia intends to launch a separate wholesale electricity market for large power consumers, including data centres, the New Straits Times reported.
The existing single-buyer market serving households, factories and commercial premises will stay the same, the newspaper said, citing Rumaizi Abdul Halim, director of market regulation and planning at Malaysia’s Energy Commission. The two markets will run under a single operator but details on how they would interact will be discussed later, he said on Tuesday.
The move underscores Malaysia’s efforts to deal with the potential fallout from its ambitious push to become a regional hub for data centres. The Southeast Asian country has attracted artificial intelligence investment from technology heavyweights, including Oracle Corp and Amazon.com Inc, while Alphabet Inc’s Google said last week that it plans to spend US$15 billion (RM61.12 billion) to expand data centre and cloud operations in Malaysia.
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