Latest news with #MyPOWER
Barnama
8 hours ago
- Business
- Barnama
MyPOWER Signs NDA With Rosatom Energy Projects For Nuke Development
Deputy Prime Minister Datuk Seri Fadillah Yusof (second, left) and Russia's state nuclear corporation Rosatom director-general Alexey Likhachev (second, right) witnessing the signing of a non-disclosure agreement (NDA) between MyPOWER and Rosatom. The NDA was signed by MyPOWER acting chief executive officer Devendra Thambirajah (left) and Rosatom Energy Projects general director Andrey Rozhdestvin (right). The NDA is served for knowledge sharing regarding nuclear development. --fotoBERNAMA (2025) COPYRIGHT RESERVED MyPOWER Signs NDA With Rosatom Energy Projects For Nuke Development From Siti Radziah Hamzah MOSCOW, June 27 (Bernama) -- Malaysia's MyPOWER Corporation today signed a non-disclosure agreement (NDA) with Russia's Rosatom Energy Projects for knowledge sharing in terms of nuclear energy development. Deputy Prime Minister Datuk Seri Fadilah Yusof said the NDA between MyPOWER and ROSATOM was a meaningful step in enabling detailed evaluation of technologies such as the Floating Nuclear Power Plant (FNPP). 'MyPOWER has been mandated by the Malaysian government to continue its engagement with Rosatom to explore further avenues of cooperation,' he said during a meeting with Rosatom's director-general Alexey Likhachev to discuss bilateral cooperation in nuclear energy here today. The NDA was signed by MyPOWER acting chief executive officer Devendra Thambirajah and Rosatom Energy Projects general director Andrey Rozhdestvin. MyPOWER is a special purpose agency under the Ministry of Energy Transition and Water Transformation. Fadillah, who is also the Minister of Energy Transition and Water Transformation, said Malaysia is actively preparing to pursue the potential deployment of the FNPP and stands ready to enter into further negotiations to strengthen collaboration. 'This may include the signing of a memorandum of understanding or an inter-governmental agreement subject, of course, to the necessary approvals from both governments in the near future,' he added. -- BERNAMA
Barnama
12 hours ago
- Business
- Barnama
Russia To Support Malaysia's Nuclear Technology Development
BUSINESS Deputy Prime Minister Datuk Seri Fadillah Yusof (second, left) and Russia's state nuclear corporation Rosatom director-general Alexey Likhachev (second, right) witnessing the signing of a non-disclosure agreement (NDA) between MyPOWER and Rosatom. The NDA was signed by MyPOWER acting chief executive officer Devendra Thambirajah (left) and Rosatom Energy Projects general director Andrey Rozhdestvin (right). The NDA is served for knowledge sharing regarding nuclear development. --fotoBERNAMA (2025) COPYRIGHT RESERVED From Siti Radziah Hamzah MOSCOW, June 28 (Bernama) -- Russia has agreed to continue cooperating with Malaysia to build the country's capacity in nuclear energy development, covering institutional, human capital, technical, commercial and legal aspects, Deputy Prime Minister Fadillah Yusof said. Fadillah, who is also the Energy Transition and Water Transformation Minister, said Russia's extensive experience in nuclear energy should be considered as Malaysia looks to enhance its future energy security. Speaking at a press conference after concluding his four-day working visit to Russia last night, he said one of the main objectives of the trip was to strengthen energy cooperation between the two countries. In addition to existing cooperation in coal imports, Fadillah said he and Russian Deputy Prime Minister Alexey Overchuk also discussed the potential for collaboration in the field of nuclear energy. 'Russia possesses advanced technology in the peaceful use of nuclear energy. The country's experience in nuclear energy technology could support Malaysia's aspirations under the National Energy Transition Roadmap,' said Fadillah. He also held a meeting on Friday with Russian state nuclear firm Rosatom's director general Alexey Likhachev, during which discussions covered technical and operational matters, including legal frameworks, technology transfer and workforce training. According to Fadillah, the meeting opened the door for direct dialogue between Malaysia's technical agencies and Rosatom to assess potential areas of nuclear cooperation, including the strengthening and modernisation of the power grid, which would in turn have a positive impact on ASEAN Power Grid cooperation. He said the Cabinet had, in principle, approved the consideration of nuclear energy as part of Malaysia's future energy mix.
Barnama
a day ago
- Business
- Barnama
Fadillah Holds Meeting With Rosatom On Nuclear Energy Development
BUSINESS From Siti Radziah Hamzah MOSCOW, June 27 (Bernama) -- Deputy Prime Minister Datuk Seri Fadillah Yusof today held a meeting with Russia's state nuclear corporation Rosatom's director-general Alexey Likhachev to discuss bilateral cooperation in nuclear energy. Rosatom is a multi-industry holding company which comprises assets in power engineering, machine building and construction. The meeting lasted about an hour. Fadillah said Malaysia is committed to a balanced and pragmatic approach to its energy future. 'We value our collaboration with Rosatom and look forward to building a long-term, strategic partnership based on mutual trust and shared objectives,' he said during the meeting. Fadillah said Malaysia look forward to further strengthening its cooperation with Rosatom in key areas including technical and regulatory knowledge sharing, infrastructure and workforce as well as public education and stakeholder engagement on nuclear energy. Also present were Deputy Foreign Minister Datuk Mohamad Alaminand the Malaysian Ambassador to Russia Datuk Cheong Loon Lai. Fadillah also witnessed the signing of a non-disclosure agreement (NDA) between MyPOWER and Rosatom.
The Sun
a day ago
- Business
- The Sun
Fadillah meets Rosatom to discuss nuclear energy cooperation
MOSCOW: Deputy Prime Minister Datuk Seri Fadillah Yusof met with Rosatom director-general Alexey Likhachev today to explore bilateral cooperation in nuclear energy development. The meeting, lasting an hour, highlighted Malaysia's commitment to a balanced energy future. Fadillah emphasised Malaysia's interest in strengthening ties with Rosatom, particularly in technical knowledge exchange, infrastructure development, and public education on nuclear energy. 'We value our collaboration and aim for a long-term strategic partnership,' he said during the discussions. The meeting was attended by Deputy Foreign Minister Datuk Mohamad Alamin and Malaysian Ambassador to Russia Datuk Cheong Loon Lai. A non-disclosure agreement (NDA) was also signed between MyPOWER and Rosatom, facilitating knowledge sharing on nuclear development. Earlier, Fadillah visited the Leningrad Nuclear Power Plant (LNPP) in St Petersburg, one of Russia's largest nuclear facilities operated by Rosatom. The plant supplies a significant portion of electricity to the region. Rosatom, a global leader in nuclear energy, manages 39 power units across 10 countries, including small modular reactors. The corporation plays a key role in Russia's power generation, contributing 20 per cent of the nation's total output.
New Straits Times
a day ago
- Business
- New Straits Times
Fadillah holds meeting with Rosatom on nuclear energy development
MOSCOW: Deputy Prime Minister Datuk Seri Fadillah Yusof today held a meeting with Russia's state nuclear corporation Rosatom's director-general Alexey Likhachev to discuss bilateral cooperation in nuclear energy. Rosatom is a multi-industry holding company which comprises assets in power engineering, machine building and construction. The meeting lasted about an hour. Fadillah said Malaysia is committed to a balanced and pragmatic approach to its energy future. "We value our collaboration with Rosatom and look forward to building a long-term, strategic partnership based on mutual trust and shared objectives," he said during the meeting. Fadillah said Malaysia look forward to further strengthening its cooperation with Rosatom in key areas including technical and regulatory knowledge sharing, infrastructure and workforce as well as public education and stakeholder engagement on nuclear energy. Also present were Deputy Foreign Minister Datuk Mohamad Alamin and the Malaysian Ambassador to Russia Datuk Cheong Loon Lai. Fadillah also witnessed the signing of a non-disclosure agreement (NDA) between MyPOWER and Rosatom. The NDA was signed by MyPOWER acting chief executive officer Devendra Thambirajah and Rosatom Energy Projects general director Andrey Rozhdestvin. The NDA is served for knowledge sharing regarding nuclear development. On Thursday, Fadillah visited the Leningrad Nuclear Power Plant (LNPP) in St Petersburg. The LNPP is a major nuclear power station located in Sosnoy Bor, Leningrad Oblast that is operated by Rosatom. It is one of the largest nuclear power plants in Russia, providing a significant portion of electricity to St Petersburg and the Leningrad region. Meanwhile, Rosatom is the national leader in power generation, accounting for about 20 per cent of Russia's total output. The group also ranks first globally in terms of the size of its order portfolio for construction of nuclear power plants comprising 39 power units, including six small modular reactors in 10 countries. – Bernama
