Jarjis cautioned that there was a possibility of oil prices shooting up to $100 a barrel.
When that happens, Tenaga Nasional Bhd (Malaysias national power company) will have no choice but to increase its tariff or go bankrupt, the minister told reporters at the fourth informal Asean ministerial meeting on science and technology at Kuantan state.
It would be a matter of national interest and economic survival for the countrys power utility company at that time, he said when asked about Japan being invited to share its experiences in managing nuclear energy.
Malaysia was keen to find out from Japan how it could convince its people to go along with the use of nuclear technology to generate power and how they built the plants, Jarjis said.
Investors may run away because their products will become too expensive to be made in Malaysia if the cost to generate electricity increases, he said, adding that the government wants to be prepared for the situation in the future.