Five consortia, including national oil company PETRONAS, have submitted bids for Malaysia’s NEWGEN26 gas combined-cycle power project, it is reported. The tender is drawing attention as PETRONAS’s first direct entry into the power generation business.
NEWGEN26 is a project to build new CCGT (Combined Cycle Gas Turbine) facilities to replace aging coal-fired power plants, it is reported. Bidding closed on July 1, 2026, with five consortia submitting proposals: PETRONAS-Edra Power (700MW), YTL Power (750MW, Pulau Indah, Klang), Genting (1,400MW, Gebeng), and TNB (700MW, Connaught Bridge, Klang), it is confirmed. Most of Malaysia’s major power and energy companies participated in the tender, suggesting fierce competition is expected. No turbine manufacturer or specific power generation technology supplier was identified in the original reporting, so technology information is not available.
Malaysia is pursuing new gas combined-cycle plants to sequentially replace aging coal-fired power plants, and NEWGEN26 is seen as part of this broader power transition policy. PETRONAS’s attempt to enter the power generation business directly is also drawing industry attention, it is reported.
Implications for Korea’s Industry
As national oil companies increasingly enter the power generation business directly in Southeast Asia, Korean power EPC and equipment firms are encouraged to look for subcontracting or equipment supply opportunities once the final bidders are selected.
The final award results and the timing at which the turbine supplier and EPC contractor for the selected consortia are confirmed are cited as points to watch.