YTL Power International Berhad

What YTL Power International Berhad does

YTL Power International Berhad is a Malaysian-listed international multi-utility infrastructure company headquartered in Kuala Lumpur and operating across power generation, water and sewerage, telecommunications, data centers, digital banking, and property development. Incorporated in 1996 as Malaysia's first Independent Power Producer, the company has expanded through acquisitions including Wessex Water (UK, 2002) and YTL PowerSeraya (Singapore, 2009) and now operates in Malaysia, Singapore, Indonesia, Jordan, and the United Kingdom. Revenue is generated primarily through subscription/recurring models: regulated water tariffs (2.9 million UK customers), wholesale electricity to national grids, consumer mobile plans (Yes 5G, first to launch 5G in Malaysia), and emerging data center colocation and AI compute services.

The company's core infrastructure spans 3,100 MW of licensed power generation capacity in Singapore, a 1,640-acre Green Data Center Campus in Johor co-powered by 500MW of on-site solar, and an NVIDIA GB200 NVL72-based AI supercomputer delivering over 300 exaflops of AI compute. The technology stack includes proprietary AI assets — ILMU (a Malaysian LLM), the MalayMMLU benchmark (accepted at EMNLP 2024), and the ILMU Claw agentic framework — alongside Yes 5G Private Network solutions developed with Intel and QCT. YTL also holds a stake in Digital Nasional Berhad (DNB), Malaysia's 5G wholesale network provider, and operates Ryt Bank as Malaysia's first AI-powered digital bank in partnership with Sea Limited.

The business model combines regulated utility cash flows (power PPAs, water tariffs) with platform growth in digital infrastructure and AI compute. Strategic positioning centers on sovereign AI infrastructure for Malaysia, supported by an RM20+ billion AI investment commitment and a recently upgraded AAA credit rating from RAM Rating Services. Recent financial performance shows RM22.3 billion FY2024 revenue with 73% YoY profit after tax growth to RM3.5 billion and EBITDA of RM7.2 billion. The company is led by Executive Chairman Tan Sri (Sir) Francis Yeoh Sock Ping and Managing Director Dato' Seri Yeoh Seok Hong, both members of the founding Yeoh family that controls parent YTL Corporation Berhad.

Name

YTL Power International Berhad

Legal name

YTL Power International Berhad

Website

https://ytlpowerinternational.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

YTL Power International Berhad is a Malaysian-listed multi-utility infrastructure company operating power generation, water/sewerage, telecommunications, data centers, and digital banking across Malaysia, Singapore, Indonesia, Jordan, and the UK, with emerging AI compute and sovereign LLM capabilities anchored by an NVIDIA GB200 supercomputer in Johor.

Ownership category

akta.pro rank

Product category

Multi-Utility Infrastructure

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

HV Transmission Asset Owners (Transmission Companies/Transcos) (EUADAAAC)

akta.pro secondary industries

Power Distribution & Switchgear (UPS, PDUs, Busway) (HDABAKAA), Field Area Networks (FAN) for Distribution Automation (RF Mesh, Wi-SUN, Private LTE/5G) (EUADAIAB)

Keywords

• Power generation services
• Water and sewerage
• Telecommunications services
• Data center infrastructure
• Digital banking platform

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Power Generation: YTL Power operates as Malaysia's first Independent Power Producer and major regional player, with operations in Malaysia, Singapore, Indonesia, and Jordan. Singapore operations (YTL PowerSeraya) supply wholesale electricity to the national grid and retail electricity to businesses under Geneco brand. Singapore installed capacity of 3,100 MW.
2. Water & Sewerage Services: Wessex Water provides water and wastewater services to approximately 2.9 million customers in southwest England, operating as a regulated utility with revenue from household and business customers.
3. Telecommunications: YTL Communications (Yes brand) provides 4G and 5G mobile services, broadband, and private 5G network solutions to consumers, enterprises, and government. Revenue from mobile plans and enterprise solutions.
4. Data Centers: YTL Data Centers builds and operates hyperscale data center facilities at the Green Data Center Park in Kulai, Johor, providing colocation, AI compute, and cloud services to hyperscalers and enterprises. The 500MW facility is co-powered by on-site solar energy.
5. Digital Banking: Ryt Bank (in partnership with Sea Limited) provides digital banking services targeting underserved consumers, MSMEs, and micro businesses in Malaysia.
6. Property Development: YTL is developing Brabazon, Bristol in the UK as a mixed-use residential and commercial property project.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

YTL Power International Berhad is a Malaysian international multi-utility infrastructure company that owns and operates power generation assets (3,100 MW in Singapore, with operations across Malaysia, Singapore, Indonesia, and Jordan), regulated water and sewerage services (Wessex Water in the UK serving 2.9 million customers), nationwide 4G/5G mobile telecommunications (Yes 5G brand in Malaysia), hyperscale data centers with AI supercomputing (YTL Green Data Center Campus in Johor, powered by 500MW on-site solar and NVIDIA GB200 GPUs), and digital banking (Ryt Bank with Sea Limited). The company also develops the AI software stack including the ILMU Malaysian large language model family.

Product overview

YTL Power International Berhad is a Malaysian international multi-utility infrastructure company with a diversified portfolio spanning power generation, water and sewerage, telecommunications, data centers, digital banking, and property development. The company operates as a platform with distinct business divisions: Power Generation (including YTL PowerSeraya in Singapore), Water & Sewerage (Wessex Water in UK), Telecommunications (Yes 5G brand via YTL Communications), Data Centers (YTL Data Centers with Green Data Center Campus), Digital Banking (Ryt Bank with Sea Limited), and Property Development (YTL Brabazon in UK). In AI and technology, YTL offers AI cloud infrastructure through YTL AI Cloud (powered by NVIDIA supercomputers), develops AI models including the ILMU LLM family, and provides AI benchmarks like MalayMMLU. The telecommunications arm provides consumer mobile services under Yes 5G and enterprise private 5G networks.

Differentiator

Problem solved

Functional benefit

Brands

• Yes 5G: Telecommunications brand providing 5G mobile services in Malaysia, first to launch 5G in Malaysia
• Geneco
• Ryt Bank
• YTL AI Labs
• YTL AI Cloud
• YTL Green Data Center Park

Products and services

• YTL Power Generation YTL's international independent power producer business operating power generation assets across Malaysia (as Malaysia's first IPP), Singapore (via YTL PowerSeraya), Indonesia, and Jordan, supplying electricity to the grid and transitioning into green energy investments.
• YTL PowerSeraya Singapore's second largest power producer with 3,100 MW total licensed generation capacity, operating a merchant multi-utilities platform including power generation, fuel management through PetroSeraya, and retail electricity under the Geneco brand. Includes a 600MW hydrogen-ready CCGT under construction.
• Wessex Water YTL's UK regulated water and sewerage services subsidiary providing water supply and wastewater treatment to approximately 2.9 million household and business customers in southwest England.
• Yes 5G Mobile Services YTL Communications' consumer telecommunications brand offering 4G and 5G mobile services in Malaysia. First telco to launch 5G in Malaysia and recognized by Ookla as Malaysia's fastest mobile network in Q3-Q4 2022 and Q1-Q2 2023. Includes the Yes Kasi Up prepaid and postpaid plans starting at RM15/month.
• Yes 5G Private Network Enterprise-grade standalone 5G network solution developed with Intel and QCT for manufacturers and industrial buyers, based on 3GPP 5G SA standard with NESAS security, providing ultra-low latency and high-capacity connectivity for smart manufacturing. Demonstrated to reduce processing time by 70% at Clarion Malaysia's AI and robotics facility.
• Geneco YTL PowerSeraya's retail electricity brand in Singapore, offering electricity price plans and energy solutions to households and businesses.
• YTL Green Data Center Campus A 1,640-acre hyperscale data center campus in Kulai, Johor, hosting AI compute infrastructure with 500MW of data center capacity and uniquely co-powered by an on-site 500MW solar power facility. Located within 50km of Singapore's dense network interconnection points.
• YTL AI Cloud YTL's AI cloud service offering massive-scale GPU-based accelerated computing, deploying NVIDIA H100 Tensor Core GPUs and one of the world's most advanced supercomputers on NVIDIA GB200 NVL72 Grace Blackwell-powered DGX Cloud with over 300 exaflops of AI compute and 30TB of fast memory.
• Ryt Bank Malaysia's first AI-powered digital bank, a joint venture between YTL Group and Sea Limited (YTL holds 60%), licensed by Bank Negara Malaysia to serve the underserved, underbanked, and MSMEs through a mobile app and digital platform.
• YTL Brabazon A mixed-use residential and commercial property development project in Bristol, UK, described as the most sustainable new town in the UK.
• ILMU A Malaysian Large Language Model built by YTL AI Labs for Malaysians, outperforming other LLMs globally in Bahasa Melayu, passing PT3 and SPM Malay national exams at A grade, and demonstrating comprehension of Malaysia's multi-cultural heritage.
• ILMU Claw An AI agent framework built on the ILMU foundation model, enabling autonomous, multi-step task execution with limited human intervention for agentic AI applications.
• MalayMMLU The first Malay Massive Multi-task Language Understanding benchmark developed by YTL AI Labs in collaboration with Universiti Malaya, comprising over 24,000 questions across 22 K-12 subjects from the Malaysian education curriculum. Accepted at the EMNLP 2024 conference.

Quantifiable outcome

• RM22.3 billion full-year revenue (FY2024), up 2% YoY
• +9 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature8 records

Partnerships

14 partnerships are on record, tiered minor, core and flagship.

• Bullish Aim GroupminorStrategic or Co-development Partner · 24 February 2025Bullish Aim Group and YTL Communications collaborate to revolutionize the data industry with state-of-the-art fiber infrastructure in Malaysia.
• GE VernovacoreStrategic or Co-development Partner · 23 October 2024GE Vernova appointed as consortium partner to develop 600MW hydrogen-ready CCGT at YTL PowerSeraya's Pulau Seraya site. Uses GE's 9HA.01 gas turbines - GE Vernova's first hydrogen-ready CCGT in Singapore. Project estimated at S$800 million, targeted for December 2027. Upon completion, facility will be 50% hydrogen capable with potential retrofit to 100% hydrogen readiness.
• SEPCOIIIcoreStrategic or Co-development Partner · 23 October 2024SEPCOIII appointed as consortium partner alongside GE Vernova for construction of 600MW hydrogen-ready CCGT at YTL PowerSeraya's Pulau Seraya Power Station site in Singapore.
• Universiti MalayacoreStrategic or Co-development Partner · 24 September 2024YTL AI Labs collaborated with Universiti Malaya to develop MalayMMLU - the first comprehensive benchmark for evaluating LLMs in Bahasa Melayu. The benchmark has over 24,000 questions across 22 K-12 subjects. Accepted at EMNLP 2024. Professor Ir. Dr Chan Chee Seng and Foong Chee Mun (CEO of YTL AI Labs) co-led development.
• Digital Nasional Berhad (DNB)coreStrategic or Co-development Partner · 28 June 2024YTL Power International completed Share Subscription Agreement with DNB and Ministry of Finance Inc. in June 2024. YTL Communications holds stake in DNB as part of Malaysia's 5G dual wholesale network strategy. YTL committed to supporting Malaysia's 5G rollout and AI ecosystem development.
• CnergenzminorImplementation/ SI/ Consulting Partner · 20 May 2024Cnergenz provides smart manufacturing solutions for Clarion Malaysia's AI-enabled facility, including 5G-enabled intelligent scanners, smart racks, X-ray automated counters, and Autonomous Mobile Robots (AMRs). YTL Communications' Yes 5G Private Network enables Cnergenz's manufacturing automation solutions.
• Dassault SystèmesminorImplementation/ SI/ Consulting Partner · 20 May 2024Dassault Systèmes provides 3DEXPERIENCE platform and DELMIAWorks Manufacturing ERP for Clarion Malaysia's smart manufacturing facility, enabling real-time operational visibility, BOM management, and supplier collaboration.
• NVIDIAflagshipStrategic or Co-development Partner · 8 December 2023Strategic collaboration to build AI infrastructure in Malaysia. YTL deployed NVIDIA H100 Tensor Core GPUs and later GB200 NVL72-based DGX Cloud supercomputer at YTL Green Data Center Park. NVIDIA AI Enterprise software (NeMo) used for training and deploying generative AI models. The supercomputer surpasses 300 exaflops of AI compute. Partnership includes developing Malay language foundation model and sovereign AI cloud infrastructure. YTL committed over RM20 billion to AI infrastructure under this partnership.
• TNB GencominorStrategic or Co-development Partner · 30 January 2023YTL PowerSeraya collaborated with TNB Genco to import 100MW of electricity from Malaysia to Singapore via existing interconnectors, marking a step toward an ASEAN power grid.
• Strides MobilityminorStrategic or Co-development Partner · 2 November 2022Strides Mobility and YTL PowerSeraya won a tender to build public EV charging points in Singapore, forming ChargEco to accelerate Singapore's decarbonisation efforts.
• Sea LimitedflagshipStrategic or Co-development Partner · 1 April 2022YTL and Sea Limited jointly received a digital banking licence from Bank Negara Malaysia in April 2022. YTL holds a 60% stake in the venture. Sea Limited provides technology platform expertise while YTL provides infrastructure synergies. Ryt Bank launched as Malaysia's first AI-powered digital bank.
• Standard Chartered Bank (Geneco partnership)minorGTM or Marketing Partner · 22 April 2021Standard Chartered Bank partnered with Geneco to bring bundled green energy solutions to Geneco customers in Singapore, aligning with Singapore Green Plan 2030.
• ValidusminorGTM or Marketing Partner · 24 November 2020YTL PowerSeraya partnered with Validus to support local SMEs in Singapore through vendor growth financing, leveraging YTL PowerSeraya's supply chain relationships.
• Singtel (Geneco electricity)minorChannel Partner/ Reseller/ Distributor · 10 January 2019Singtel partnered with Geneco (YTL PowerSeraya's retail electricity brand) to offer electricity plans to Singtel's consumer and business customers in Singapore.

Scale indicators25 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Equinix: Global hyperscale and colocation data center operator with extensive Singapore and Asia presence. Comparable to YTL Data Centers as a broader incumbent in the regional data center market, though not integrated with power generation.
• NTT Data Group: Global data center and ICT services provider with significant Asia-Pacific operations. Comparable to YTL's data center and digital infrastructure ambitions as a broader incumbent in the regional managed services market.

Emerging players

• CoreWeave: GPU-cloud infrastructure provider purpose-built for AI workloads using NVIDIA hardware. Emerging AI cloud peer to YTL AI Cloud, both targeting hyperscale AI compute with NVIDIA GPU clusters though CoreWeave is more software/cloud focused.

Direct peers

• GDS Holdings: Leading Asia-Pacific data center operator with hyperscale facilities across China and Southeast Asia. Directly comparable to YTL's Green Data Center Park for serving AI/hyperscale workloads in the region.
• Maxis Berhad: Malaysia's largest mobile network operator competing with YTL Communications (Yes 5G) in the consumer and enterprise mobile markets. Direct peer for the telecom segment of YTL's multi-utility portfolio.
• Severn Trent Plc: UK water and wastewater utility regulated by Ofwat, comparable to Wessex Water (YTL subsidiary serving 2.9M customers in southwest England). Direct peer for the regulated UK water business.
• Malakoff Corporation Berhad: Malaysia's largest independent power producer with significant power generation capacity. Direct peer to YTL Power's Malaysian IPP operations, both competing in Malaysia's liberalized power generation market.
• Sembcorp Industries: Singapore-based multi-utility platform with energy, water, and urban development businesses. Comparable to YTL as a regional (Singapore/Malaysia) multi-utility infrastructure operator with both power generation and sustainability focus.
• Tenaga Nasional Berhad: Malaysia's largest electric utility with integrated power generation, transmission, and distribution across Peninsular Malaysia. Directly comparable to YTL Power as a Malaysian power utility with similar regulated asset base and grid operations.
• Keppel Corporation: Singapore conglomerate with significant power generation, data center (Keppel DC REIT), and infrastructure businesses. Closely comparable to YTL's multi-utility strategy combining power assets, data centers, and infrastructure diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ytl-power

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about YTL Power International Berhad