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Malaysia could adopt nuclear power as one of its energy sources in the coming years, economy minister Rafizi Ramli has said. The decision on the country’s potential use of nuclear energy has been made, and this will be undertaken by the ministry of energy transition and water transformation (Petra) and the ministry of science, technology and innovation (Mosti), reported New Straits Times.
According to Rafizi, nuclear power is a cleaner energy source compared to other sources, and this could help the country achieve its goal of net-zero carbon emissions by 2050.
“Since the decision has been made by the National Energy Council and endorsed by the Cabinet, nuclear energy is likely to be included in the 13th Malaysia Plan (RMK-13) as one of the country’s official energy sources,” Rafizi said, according to the report.
Operational costs for the lifespan of nuclear energy are more secure because these do not depend on the fluctuations of raw material prices, such as gas or coal, Rafizi said. Current nuclear technology is different from those of the past which required large facilities, he added.
“At present, there are small modular reactors (SMRs) that are smaller, safer, and do not require high costs. SMRs will make it easier and cheaper to use in areas that need energy compared to conventional energy sources. Due to these factors, especially the SMR technology, the government has decided to study the feasibility of nuclear energy in Malaysia,” he said.
Using nuclear power as an energy source would bring another source of renewable energy into the mix, in additional support for the gas and coal which currently fuel power plants in Malaysia, as well as diversifying energy sources to further secure the energy security for the nation’s electricity supply.
This should also bolster the energy reserve margin in Malaysia, which as of March this year has been projected to be between 28% and 36% from this year until 2030.
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