The main key organizations that in charge of implementing the Malaysia Nuclear Power Plant are TNB, Nuklear Malaysia, Atomic Energy Licensing Board (AELB), and
Suruhanjaya Tenaga (EC). Malaysian Nuclear
Agency (Nuclear Malaysia) has a role to introduce and promote the application
of nuclear science and technology for national development. Established in
19 September 1972, Malaysian Nuclear Agency was then known as Centre for Application
of Nuclear Malaysia (CRANE) before it was formally named as Tun Ismail Atomic
Research Centre (PUSPATI).
In February 2008, the Nuclear Power
Planning Division was launched within the government, and started studies for
the energy master plan. Taking such moves by the government into consideration,
Tenaga Nasional Berhad (TNB), the leading electricity utility, is developing a
plan for long-term power supply and demand on the balance on the assumption
that nuclear power generation will be introduced after 2020. Their plan
includes a preliminary survey, site selection and human resource development
(including 30 to 40 nuclear engineers) to start in 2008, environmental impact
assessment and design work to start around 2011, international tender in 2012,
conclusion of agreements in 2013, commencement of construction work around
2015, and commissioning of the first plant in 2020. The second and subsequent
plants are planned to follow the first until the share of nuclear power reaches
8% or about 2000 MW around 2025.
The
investment environment in Malaysia is generally favourable. Although its
economic growth rate in terms of GDP fell into a negative figure during the
1997 Asian currency crisis, it quickly headed toward recovery, achieving a
level between 5% and 7% in recent years. Also, a current account surplus in
international balance of payments is firmly in place and the deficits in the
fiscal balance have been reduced, indicating the government’s sound management
of economy. Supported by a strong electricity demand, business performance of
the leading power company, TNB, as a promising candidate for the owner of the
nuclear power projects has been robust as well.
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