A Malaysian Case Study on the Transmission Expansion/Investment Using Value-Based Approach

The introduction of Incentive Based Regulation as the tariff framework in Malaysia´s Electricity Supply Industry calls for efficiency in the creation of a new asset while meeting the required reliability. In line with the new regulatory framework, Tenaga Nasional Berhad took the opportunity to enhance its planning methods and approaches by adopting value-based approach to achieve optimum total cost of ownership. This paper presents an actual case study of detailed analysis on the connection schemes and substation configuration for a newly proposed 275/132kV substation. The outcome of the study results in a significant cost saving as compared to traditional approach.