Tenaga Nasional is planning to build a 300MW gas-fired power station in Sabah state of Malaysia.
The news comes after Malaysia’s federal and Sabah state governments dismissed a plan to build a new coal-fired power plant.
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Tenaga is assessing whether it would be economical to pipe in the gas from another part of the state or import it as liquefied natural gas for the gas-powered plant.
The company’s coal-fired power plants contribute about 40% of its power supply.
In January the firm warned of greater pressure on its margins for the rest of the year on skyrocketing price of coal. In a worst case scenario, Tenaga’s 2011 earnings would be 20% lower than 2010, reports Reuters.
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