A joint venture company, Bahau Energy Ventures Sdn Bhd, has been formed to develop a 500 MWac solar photovoltaic project paired with a 250 MW / 1,000 MWh battery energy storage system in Bahau, Negeri Sembilan, under the Corporate Renewable Energy Supply Scheme (CRESS). The shareholders’ agreement was signed on 3 November 2026 between TNB Renewables Sdn Bhd (TRe), Luminous Aspect Sdn Bhd — a wholly owned subsidiary of IOI Corporation Berhad — and CSP 500MW Sdn Bhd, a special purpose vehicle for a consortium of 12 small and medium enterprises. Shareholdings are TRe 70%, Luminous Aspect 25% and CSP 500MW 5%. Maximum equity capitalisation is RM606.2 million, comprising RM424.4 million from TRe, RM151.5 million from Luminous Aspect and RM30.3 million from CSP 500MW, with the project to be funded on a gearing of up to 80% debt and 20% equity. IOI Corporation is the lessor of the roughly 1,300-acre site. These project-level figures come from TNB’s Bursa Malaysia filing as reported by The Star on 4 November 2026; MESA has not been able to retrieve the filing itself. The

What Happened On 27 October 2026, speaking on the panel “Strengthening Electricity Security through the APG” at Singapore International Energy Week, Tenaga Nasional Berhad’s chief distribution network officer Ahmad Sazree Abd Aziz made a commitment on connection times: “So, once it’s been approved by the ministry-chaired committee, we pledge to get data centres connected to the grid in one year’s time.” The remarks were reported the same day by The Edge Malaysia and by Bernama. The following day, 28 October 2026, winding up his ministry’s matters in the Dewan Rakyat during the 2027 budget debate, Investment, Trade and Industry Minister Johari Ghani said 24 new data centre applications had been put on hold. Developers must first confirm water availability with state governments before the federal government assesses electricity supply with TNB, and the government will also assess investors’ financial strength, including their ability to honour electricity supply agreements. He put the approved pipeline at 117 data centres representing RM385.7 billion in investment, requiring between 23,000 MW and 23,500 MW of electricity once completed: 55 operating, 19 under construction, 16 yet

The Energy Commission (Suruhanjaya Tenaga, ST) issued its Battery Energy Storage System (BESS) Safety Guidelines, reference GP/ST/No.62/2026, under section 50C of the Electricity Supply Act 1990 [Act 447]. ST opened a feedback exercise on the document on 21 September 2026 under the title Feedback for Guidelines on Battery Energy Storage System (BESS) Safety, with a submission deadline of 5 October 2026. That deadline has passed. The commencement date is not in the document. Clause text reads: “These Guidelines shall come into operation on the date of the registration of these Guidelines.” The Registration Record table in the published PDF is blank, so the date of registration — and therefore the date the Guidelines take effect — cannot be read from the file. As of 2 November 2026, no announcement of a final or registered version appeared on ST’s homepage or the first two pages of its newsroom, which cover entries up to 30 October 2026. Scope is by application, not by size. Clause 2.1 applies the Guidelines to “Lithium-ion batteries used in Battery Energy Storage Systems (BESS)” and to any