Here is an article with a fairly comprehensive coverage relating to malaysian ferroalloys by cru. Here is a snippet. This article has been out for 2 and a half years. Also note that their estimate is $40 to $45 mw. When the actual cost is around $30.
"As highlighted by the graph below, the main competitive advantage of the new Malaysian plants is low-cost power; we estimate that power costs in Malaysia are of the order of $40-45 /MWh. This is well below the world average for ferroalloy plants and also less than half the price of electricity paid by many plants located in other Asian countries. While the upward pressure on power rates in many Asian countries has abated, power prices remain comparatively high in China, Japan, India and South Korea, as ferroalloy producers in these countries have not benefited from currency depreciation to the same extent as those in most other nations."
https://www.crugroup.com/knowledge-and-insights/insights/the-emergence-of-malaysia-as-a-major-hub-for-manganese-ferroalloy-production/
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