Selangor’s Worldwide Holdings eyes nuclear power plant project

Selangor's Worldwide Holdings Bhd is considering the development of Malaysia's first nuclear power plant, according to Group CEO Ahmad Zaki Ahmad Zainuddin. The conglomerate is currently identifying a suitable site and evaluating appropriate technologies for the project, with the aim of making a final investment decision by 2031, as reported by Bernama.

Zainuddin revealed that the group is in the process of assembling a team to study nuclear technologies and determine the necessary personnel to support the project from the initial planning stages through construction and eventual operations. The company plans to have a decision made within five years. Zaki added that existing suppliers in the oil and gas and power generation sectors could utilize their expertise and industrial capabilities to join Malaysia's nuclear energy supply chain.

He further noted that the project could generate higher-value employment opportunities for Malaysians. Worldwide Holdings is mandated by Selangor to lead the development of its energy and circular economy businesses, alongside other sectors such as property development and medical devices. The group already operates a 1.4-gigawatt Pulau Indah power plant, along with two smaller hydropower plants in Batang Kali and Sungai Kerling.

It is also developing two additional plants in Sungai Pangsun and Sungai Inki and various renewable energy projects, including a 300-megawatt solar plant in Bestari Jaya to support Selangor's green energy agenda.