MAIN Market-listed one-stop provider of sustainable energy and engineering solutions, Kinergy Advancement Bhd (KAB), has unveiled that it has emerged a power plant contractor as part of an EPCC (engineering, procurement, construction and commissioning)-scale consortium project execution.
This follows the formalisation of an equipment supply agreement by a Kinergy-led consortium for one gas turbine and one generator which marks a key execution milestone in the proposed development of a new combined-cycle gas turbine (CCGT) power plant at the former Teknologi Tenaga Perlis Consortium (TTPC) site.
The agreement covers the supply of one 9HA.02 Gas Turbine and one H78 Generator which represent a critical step towards the execution of Phase 1 of the project planned as part of a larger, multi-phase power site transformation with total estimated capacity of up to 1.5 gigawatts (GW).
The completed facility is expected to be among Malaysia’s new gas-fired power plants developed across Peninsular Malaysia to achieve commercial operation before 2030, thus contributing to the nation’s energy plan to add six to eight gigawatts of gas-fired capacity.
The said consortium comprises Kinergy as the lead consortium member alongside Sirage Holdings Sdn Bhd and B.Grimm Power which is one of ASEAN’s most established and diversified power and energy companies.
The formalisation of the supply agreement signals the consortium’s readiness to progress from development planning into execution preparation for a next-generation national-scale CCGT facility.
This strategic alliance unites robust capabilities while demonstrating how both groups translate their technical expertise into a landmark IPP (independent power producer) asset, hence positioning Kinergy’s entry into the IPP landscape and B.Grimm’s first IPP venture in Malaysia.
As it is, the project is being developed on a brownfield site that previously hosted a 650MW CCGT power plant which was de-commissioned in 2024 following the expiry of a power purchase arrangement.
Secured in 2025, the TTPC site provides Kinergy with existing transmission inter-connection, gas supply infrastructure and water facilities, thus offering a development-ready platform that significantly shortens execution timelines compared to greenfield developments.
In fact, Kinergy’s role as the lead consortium member reflects its evolution from an engineering contractor into a project developer with end-to-end oversight across power plant development, execution, and long-term operations.
The group brings to the consortium a proven thermal power track record anchored by its role as Petronas Gas Bhd’s local technical partner and main EPCC contractor for the 72MW Sipitang Oil & Gas Industrial Park gas engine power plant and the 120MW Labuan gas engine power plant led by Rancha Power Sdn Bhd.
With the supply agreement in place, the consortium has reached an important execution milestone that underpins Phase 1 planning and procurement activities.
Kinergy expects this development to support value creation during the construction phase while establishing a strong foundation for future large-scale power projects.
Once completed, the new Perlis CCGT facility is expected to rank among Malaysia’s major modern gas-fired power plants while serving as a platform for Kinergy’s longer-term participation in national and regional power infrastructure developments.
At, 3.15pm, Kinergy was down 0.5 sen or 1,32% to 37.5 sen with 10.02 million shares traded, thus valuing the company at RM819 mil. – Jan 8, 2026
