Electricity Supply Act 1990 (Act 447), Electricity Supply (Successor Company) Act (Act 448) (As At 20th January 2024)

Electricity Supply Act 1990 (Act 447):

Act 447, known as the Electricity Supply Act 1990, is a crucial legislative framework in Malaysia overseeing the entire spectrum of electricity generation, transmission, distribution, and sales. This legislation delineates the legal foundations for the electricity supply sector in the country, defining the roles and responsibilities of various entities within the electricity industry, encompassing regulatory bodies and licensees. Its significance lies in its role as a regulatory instrument for electricity companies, ensuring the dependability and efficiency of the electricity supply.

Electricity Supply (Successor Company) Act (Act 448):

Act 448, also referred to as the Electricity Supply (Successor Company) Act, is likely associated with the restructuring and privatization of Malaysia's electricity industry. It may encompass provisions related to the establishment and functions of a successor company or companies tasked with assuming the assets and duties of the state-owned electricity utility during the privatization process. The Act may intricately outline the transition from a government-owned utility to a privatized framework, addressing considerations such as asset transfers, employee arrangements, and regulatory oversight.