Power-giant YTL Corp Bhd hopes to submit a proposal to the Malaysian government to use a new technology which will save up to 20% of the gas used to generate power.
Managing director Tan Sri Francis Yeoh said the use of the co-generation combined cycle technology at power plants would save the government millions of ringgit spent on gas.
“We have tried and tested this technology at our plant in Singapore and are more than willing to share this knowledge with Malaysia as well.
“This 20% savings can translate to about RM400mil in savings annually,” he said, adding that in order to use this technology, new plants would need to be built.
Yeoh was speaking to reporters after the official launch of the PowerSeraya 800MW co-generation combined cycle plant at Jurong Island here.
Yeoh, who is also the chairman of PowerSeraya Group said currently there was no way of infusing the new technology to existing power plants.
“The only way to use the system is by replanting the whole facility which will cost a lot of money but it will eventually lead to massive savings in the long run,” he said.
He added that besides supplying electricity, the plant was also able to supply steam to industrial users and increase profits.
“This technology also increases the efficiency of the plant and lessens its operational impact on the environment,” he said.
PowerSeraya currently holds the largest share of 30% in the energy retail contestable market in the country (Singapore) and the new facility costing S$800mil (RM1.84bil) was expected to further boost its position here.
Did you find this article useful? Join the EB Circle!
Your support helps keep our journalism independent and our content free for everyone to read. Join our community here.