Genting Energy comprises the power and oil & gas business activities of the Group. Its key power operations remained stable and contributed positively throughout 2020. As an essential service provider, Genting Energy was allowed to operate throughout the COVID-19 period in 2020. The team has and will remain vigilant in ensuring the compliance and implementation of all health and safety measures including the COVID-19 control guidelines and standard operating procedures in its operations. This has ensured continuous operations during this critical period in 2020.

Genting Power Holdings Limited (“Genting Power”) spearheads the power businesses of the Group. Its total gross installed capacity is 5,137MW with net attributable operating capacity of 2,097MW from its interests in coal-fired, gas-fired and wind power plants in Indonesia, China and India. Genting Oil & Gas Limited (“Genting Oil & Gas”) spearheads the oil and gas businesses of the Group.


Genting Power has 49% interest in SDIC Genting Meizhou Wan Electric Power Company Limited which owns two power plants in Meizhou Wan, Putian, Fujian,
China, comprising:

  • 2 x 393MW coal-fired power plant;
  • 2 x 1,000MW ultra-supercritical coal-fired power plant.

Both power plants are a joint venture between Genting Power and SDIC Power Holdings Co. Ltd., a China state-owned enterprise.

China’s power operation reported record high revenue and profit in 2020, attributable to the increase in its power generation; coupled with lower coal prices. This
was attributable to the unusual drought conditions in Fujian province, China in 2020 which significantly reduced the power generation capacity of hydropower plants and translated to higher power generation allocated to coal-fired power plants.

The Meizhou Wan power plants have consistently been acknowledged for operational excellence by various authorities in China such as being rated as China Power Industry AAA Credit Rating Enterprise, Outstanding Economic Contribution Enterprise of Putian City 2020, Top Taxpayer of Putian City 2020 (100-500 million yuan category) and Top Tier Enterprise for Fujian Electric Power Industry Occupational Safety 2019.


Genting Power has interests in three power plants in India, namely:

  • 100% owned 91.8MW Jangi wind farm in Gujarat;
  • 41.6% owned 113MW Lanco Tanjore power plant in Tamil Nadu;
  • 15.3% owned Lanco Kondapalli power plant in Andhra Pradesh (comprising 368MW phase 1, 366MW phase 2 and 742MW phase 3).


Genting Power has 55% interest in 660MW supercritical coal-fired power plant in Banten Province, West Java, Indonesia (“Banten power plant”). Banten power plant achieved more than 80% plant availability in 2020. It underwent standard planned minor maintenance after three years of operations to further enhance the plant’s reliability and efficiency. The reliability and efficiency of the Banten power plant was recognised by the state utility company with the issuance of certificate of appreciation to the plant in 2020 on its support and cooperation in the grid stabilisation.

The Banten power plant was acknowledged by the Ministry of Environment & Forestry, Indonesia for good environmental management practices. It was accorded a blue rating for the Pollution Control, Evaluation and Rating Programme for the second consecutive year in 2020. The blue rating is the highest rating that a power plant can receive in its first 3 years of participation. The plant was also awarded in 2020 by the Ministry of Manpower, Indonesia for 1,325,619 hours of lost time injury (LTI) free hours (for the period of 1 November 2018 to 30 September 2019). As of 31 December 2020, the plant has achieved more than 3.5 million hours of LTI-free since 1 November 2018.


Genting Oil & Gas’ wholly owned subsidiary, Genting CDX Singapore Pte Ltd has 49% working interest in the Petroleum Contract for the Petroleum Exploration, Development and Production in Chengdaoxi Block in the shallow waters of Bohai Bay, China.

Chengdaoxi Block covers an area of 29 square kilometres and has consistently produced close to 8,000 barrels of oil per day. It delivered approximately 2.9 million barrels of oil in 2020 and Genting Oil & Gas’ share was approximately 1.4 million barrels. China’s China Petroleum & Chemical Corporation (Sinopec) is the partner of this joint venture.


Genting Oil & Gas’ wholly owned subsidiary, Genting Oil Kasuri Pte Ltd has 100% participating interest in an onshore oil and gas development activities in the Kasuri Production Sharing Contract (“PSC”) in West Papua, Indonesia.

The front-end engineering design work is expected to complete in the third quarter of 2021. Utilising 1.7 trillion cubic feet of discovered gas-in-place, Genting Oil Kasuri Pte Ltd plans to supply about 170 million cubic feet per day of natural gas until the end of the production sharing contract to a petrochemical plant in West Papua, which is in the plan and will be built by a third party.

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