EVEN as the government accelerates the rollout of renewable energy, the gas-fired power sector is entering what could be its most significant reinvestment cycle in over a decade, driven by rising electricity demand, ageing generation assets and tightening reserve margins.

A key development is Tenaga Nasional Bhd’s (TNB) newly awarded 1.4GW combined-cycle gas turbine (CCGT) project in Paka, Terengganu, one of the largest gas-fired plants tendered in Peninsular Malaysia.