BMI View: We have maintained our 2013 electricity generation growth forecast at 6.1% this quarter as our fundamental assumptions remain relevant. Over the near-term, we believe that deteriorating global economic conditions and Malaysia’s dependence on exports to China pose a significant downside risk. Our outlook for the Malaysian power sector over the long-term remains relatively sanguine, as we expect modest economic growth and a growing population to drive growth in electricity consumption. In particular, we believe that our view for significant growth in both coal- and gas-fired electricity generation is coming true, though we see potential scope for delays. We …
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