PETALING JAYA: Selangor state-owned conglomerate, Worldwide Holdings Bhd, is positioning itself to develop Malaysia’s first nuclear power plant.
It aims to make a final investment decision by 2031, Bernama reported.
Group CEO Ahmad Zaki Ahmad Zainuddin said the group is identifying a feasible site, assessing suitable technologies and exploring financing options for the project.
“We have started looking into financing for the project. We are also putting together a team to study nuclear technologies and identify the talents needed to support the project from the early planning and development stages through to construction and eventual operations.
“Hopefully, within five years, we will be ready to make a final investment decision for a nuclear plant in Malaysia,” he said after participating in a panel discussion on “Nuclear – Let’s Talk About It!”, moderated by Energy Industries Council regional director Syed Saggaf Syed Ahmad, at the Selangor International Business Summit 2026 in Kuala Lumpur today.
Zaki said existing suppliers to the oil and gas and power generation industries could leverage their technical expertise and industrial capabilities to enter Malaysia's nuclear energy supply chain.
He said the nuclear energy project could also create higher-value employment opportunities for Malaysians.
Zaki said Worldwide Holdings is mandated by Selangor to spearhead the development of its energy and circular economy businesses, alongside other business segments, including property development and medical devices.
The group operates the 1.4-gigawatt Pulau Indah power plant, as well as two small hydropower plants in Batang Kali and Sungai Kerling. It is developing two more in Sungai Pangsun and Sungai Inki.
The group is also undertaking several renewable energy projects, including a 300-megawatt large-scale solar plant in Bestari Jaya, to support Selangor’s green energy agenda.