LAST year, Tenaga Nasional Bhd (TNB) imported 28.8 million tonne of coal worth RM10 billion generating nearly 54% of Peninsula Malaysia electricity demand.
TNB imports all its coal from Indonesia, Australia, Russia and South Africa causing a huge outflow of ringgit.
Phasing out foreign coal with domestic natural gas will boost Malaysia’s GDP by 0.6% per annum. (Nominal GDP: RM1.5 trillion).
Fuel switching from foreign coal to domestic natural gas is an inexpensive process whereby the coal power station’s combustion chamber is modified to accept natural gas.
The use of domestic natural gas will stem foreign coal imports, improve energy security and strengthen the ringgit.
Combustion of domestic natural gas produces barely half of greenhouse gases (GHG) compared with foreign coal, improving domestic air quality and slowing global warming. – July 28, 2020.
* Sharan Raj reads The Malaysian Insight.
* This is the opinion of the writer or publication and does not necessarily represent the views of The Malaysian Insight.