Latest news with #MalakoffCorpBhd
New Straits Times
16-07-2025
- Business
- New Straits Times
Malakoff inks MoU with EESB to develop green power projects in Sarawak
KUCHING: Independent power producer Malakoff Corp Bhd today formalised a memorandum of understanding (MoU) with real estate and construction group Evergreen Earth Sdn Bhd (EESB) to develop Sarawak's green power projects. The MoU exchange ceremony was held in conjunction with International Energy Week (IEW) 2025 at the Borneo Convention Centre Kuching. It was witnessed by Sarawak Premier Tan Sri Abang Johari Tun Openg and Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also the Minister of Energy Transition and Water Transformation. The MoU was exchanged between Malakoff's business development head, Shaja Ibrahim, and EESB director, Datuk Mohamad Danel Abong. In a joint statement, Malakoff and EESB said the collaboration covers feasibility studies, site assessments, project development strategies and local partnership models related to solar photovoltaic (PV) and other renewable energy (RE) ventures. "The collaboration will also encompass the sharing of technical expertise, regulatory insights and market intelligence, as well as coordinated efforts to engage with relevant authorities and stakeholders to secure necessary approvals and grid integration. "These joint efforts are aligned with Sarawak's Post COVID-19 Development Strategy 2030 and Malaysia's National Energy Transition Roadmap (NETR), supporting the country's long-term sustainability and clean energy goals," said the statement. Malakoff managing director and chief executive officer Anwar Syahrin Abdul Ajib said green power projects represent a significant step towards accelerating Malaysia's energy transition. "By supporting Sarawak's efforts to reduce reliance on fossil fuels and diversify its renewable energy mix, we are contributing to the development of a more sustainable and future-ready energy ecosystem. "These projects are expected to deliver strong economic value through job creation, upskilling of local talent and the development of rural infrastructure. This partnership builds on Malakoff's broader RE progress, which includes a total generating capacity of 198 megawatt (MW) across solar, waste-to-energy and small hydropower assets," he said. Anwar Syahrin also said that as of June this year, Malakoff's rooftop solar capacity reached 63.6 MW, while in 2024, its RE portfolio generated 67.0 gigawatt-hours (GWh) of clean electricity.
New Straits Times
24-06-2025
- Business
- New Straits Times
Malakoff signs Sungai Udang WTE concession in Melaka
KUALA LUMPUR: Malakoff Corp Bhd, via its subsidiary Sungai Udang WTE Sdn Bhd, has signed a concession agreement under a public-private partnership framework with the government. The deal involves the design, construction, financing, operation, maintenance, and eventual closure of a waste-to-energy (WTE) facility located in Sungai Udang, Melaka. Sungai Udang WTE is a special-purpose joint venture for the project, with Malakoff holding a 60 per cent stake, while the remaining 40 per cent is owned by Alam Flora Environmental Solutions Sdn Bhd (AFES). AFES is a wholly-owned subsidiary of Alam Flora Sdn Bhd, which is 97.37 per cent owned by Malakoff. In a statement, Malakoff said the WTE facility is designed to process up to 1,056 tonnes of municipal solid waste daily and will produce around 22 megawatts of gross renewable energy. This will be done under a power purchase agreement to be signed between Tenaga Nasional Bhd and the concession company. Managing director and group chief executive officer Anwar Syahrin Abdul Ajib said the facility plays a crucial role in tackling Melaka's pressing waste management challenges, especially as the state's sole sanitary landfill approaches full capacity. "By diverting over 300,000 tonnes of waste from landfills annually, the plant is expected to eliminate 75,000 tonnes of carbon dioxide emissions, which is equivalent to preserving more than 3.4 million trees and preventing 23,000 cubic metres of leachate from polluting local waterways. "Malakoff currently manages 3,649 tonnes of waste per day. With this project expected to add another 1,056 tonnes daily, we will have the capacity to manage up to 6,206 tonnes per day based on our existing contracts, concession agreements and available assets," he said.
The Star
19-06-2025
- Business
- The Star
Malakoff in concession deal to build waste-to-energy facility
PETALING JAYA: Malakoff Corp Bhd has entered into a concession agreement on a public private partnership basis with the Malaysian Government of Malaysia for the design, construction, finance, operation, maintenance and closure of a waste-to-energy (WTE) facility at Sungai Udang, Melaka. In a filing with Bursa Malaysia, the independent water and power producer said the agreement was entered into with the Housing and Local Government Ministry and Solid Waste and Public Cleansing Management Corp. Malakoff said the WTE facility will process up to 1,056 tonnes of municipal solid waste per day and generate approximately 22 megawatts of gross renewable energy under a power purchase agreement, to be entered into by Tenaga Nasional Bhd and Malakoff's subsidiary, Sungai Udang WTE Sdn Bhd (concession company). 'The concession period granted to the concession company to undertake the project shall be for a period of 34 years from the effective date, comprising 36 months' construction period; 30 years' operation period; and 12 months' closure period. 'Subject to the fulfilment of the conditions precedent, the project is expected to commence in the second quarter of 2026.'
New Straits Times
16-06-2025
- Automotive
- New Straits Times
Malakoff, New Energy to develop EV charging infrastructure
KUALA LUMPUR: Malakoff Corp Bhd's unit Malakoff Radiance Sdn Bhd has teamed up with New Energy Asia Sdn Bhd to jointly deploy electric vehicle (EV) charging infrastructure. New Energy Asia, a joint venture between Hicom Engineering and Hangzhou Flash Charge, is currently exploring a partnership with Malakoff Radiance to support Malaysia's transition to clean mobility. Malakoff said in a statement that the partnership aims to develop integrated solar and EV charging solutions to support carbon-free mobility, share technical expertise and resources for effective implementation and explore business opportunities across Asean. The collaboration focused on integrating advanced EV charging solutions with Malakoff's solar infrastructure, where both parties aim to leverage their respective expertise to accelerate the development and deployment of sustainable, low-carbon energy solutions across the country. Malakoff managing director and group chief executive officer Anwar Syahrin Abdul Ajib saiinitiative d the reflects ongoing efforts to strengthen renewable energy (RE) portfolio through partnerships that drive real-world outcomes. Anwar Syahrin said the company recently secured its largest single-site deployment to date involving a 4.22 megawatt-peak (MWp) solar power purchase agreement with Hicom Automotive Manufacturers (Malaysia) Sdn Bhd. He said the new agremment built on the success of a 2.0 MWp installation at the same facility in Pekan, which has already reduced grid electricity usage by around 7.0 gigawatt-hours (GWh) and avoided nearly 5,489 tCO₂e in emissions. "We see this collaboration with New Energy Asia as a natural extension of that momentum, enabling us to integrate clean mobility solutions alongside our solar infrastructure and deliver greater value across the clean energy ecosystem," he added.
The Star
16-06-2025
- Business
- The Star
Energy transition must fit Malaysia's needs and not bow to global pressure
Tan Sri Che Khalib Mohamad Noh KUALA LUMPUR: Malaysia's energy transition policies must be based on national realities and domestic capabilities rather than simply adhering to international pressure, said Malakoff Corp Bhd chairman Tan Sri Che Khalib Mohamad Noh. The priority is ensuring energy security and stable supply for its ever-growing population which now stands at 34.6 million, he said. While Malaysia supports the global shift towards clean energy, the country must adopt a pragmatic strategy that reflects its own limitations and energy demands. "We can follow the global trend, but what is more important is that our policies must be suitable for Malaysia,' he said, echoing Prime Minister Datuk Seri Anwar Ibrahim's call earlier today for a pragmatic and balanced approach to ensure a just and equitable energy transition for Asia. The prime minister emphasised that this approach is crucial for the region's continued development amid its shift towards renewable energy. In an interview on Bernama TV's "The Nation' programme today, Che Khalib said the public often associates the National Energy Transition Roadmap (NETR) with solar energy, but Malaysia's ability to scale solar is limited by competing land use and inconsistent sunlight. "In Malaysia, land is also needed for food production and forest conservation. We are not like the Middle East, where you can just build solar farms in the desert, we have to balance our priorities,' he said. He also pointed out that solar energy, while important, cannot be treated as a dependable power source due to weather variability, and stressed the need to improve fossil fuel efficiency in the short- to medium-term, rather than phasing it out entirely. "Take cars, for example. Thirty years ago, a 2.0-litre engine was considered underpowered. Today, a 1.0-litre car can perform just as well. Similarly, fossil fuel plants must be upgraded to emit less while producing more,' said Che Khalib. Energy security is crucial, he said, citing Spain and Portugal as prime examples. The two countries experienced blackouts after solar generation suddenly dropped due to weather changes. "They celebrated reaching 100 per cent renewable energy one day, but when solar production dropped from 18,000 to 8,000 megawatts the next day, the system couldn't handle it,' he said. Che Khalib said that while Malaysia has set a target to reach 70 per cent renewable energy by 2050 under the NETR, it must maintain a secure and stable energy supply throughout the transition. "In my opinion, over the next 50 years, we will still rely on fossil fuels. We can't just push them out overnight,' he said. He acknowledged that while solar panel recycling remains an open question, the technology is expected to evolve. "Most solar panels last about 20 years. The glass is already recyclable, and I believe that in 20 years, the rest of the components will be too. We brought in the tech; disposal solutions will follow.' He also expressed support for exploring nuclear power as a reliable option in the long term. "If we're serious about sustainable and dependable energy, then nuclear should be considered. It's time the government looks at it seriously," added Che Khalib. - Bernama
