Latest news with #SCSB
The Sun
2 days ago
- Business
- The Sun
DNeX, PowerChina's subsidiary inked landmark agreement to advance renewable energy in Malaysia
CYBERJAYA: Dagang NeXchange Bhd (DNeX) has signed a memorandum of understanding (MoU) with Sinohydro Corporation (M) Sdn Bhd (SCSB) to explore and develop key initiatives across Malaysia's growing renewable energy sector. SCSB is a wholly owned subsidiary of China-based Sinohydro Corporation Ltd, which is a wholly owned subsidiary of Power Construction Corporation of China Ltd (PowerChina), a major Chinese state-owned company. This strategic partnership underscores both parties' commitment to driving innovation, fostering technological advancement, and contributing to Malaysia's clean energy transition and economic growth, while upskilling local Malaysians through the transfer of technologies and best global practices. DNeX group CEO Faizal Sham Abu Mansor said this partnership marks a pivotal moment for the company's journey towards a sustainable future. 'Our collaboration with SCSB will not only unlock new renewable energy potential across the nation but also enable us to embrace advanced technologies like small modular reactor (SMR). 'This opportunity will greatly complement our ongoing sustainability plans in the Energy sector as we intend to move our oil and gas portfolio closer to bridge fuel like natural gas instead of oil, and in our IT sector, which is focusing more on the provision of sovereign cloud and AI services. 'This requires a large amount of energy, and partnering with SCSB enables us to moonshot ourselves in the field of SMR and ensure our products and service offerings are not only reliable but also a carbon-free power source. 'Furthermore, our joint commitment to clean rare earth extraction aligns perfectly with our vision for responsible resource management and industrial growth. 'We are particularly excited about the prospect of developing local expertise and creating high-value jobs in these critical sectors,' he said in a statement. SCSB serves as a wholly-owned subsidiary of PowerChina in Malaysia, actively undertaking major construction and engineering projects across the country since 1998. Among its notable projects, SCSB participated in the construction of the Bakun Hydroelectric Plant (HEP) in Sarawak, with an installed capacity of 2,400 MW, which is the largest hydroelectric power station in Malaysia and Southeast Asia. SCSB also participated in the construction of several major power plants in Malaysia, including Connaught Bridge Power Station, Tanjung Kidurong Combined Cycle Gas Turbine Power Plant, Hulu Terengganu Hydroelectric Project, Murum Hydroelectric Plant, Large Scale Solar 3 (LSS3) Coara Marang Solar Power Project and Telekosang Small Hydro Power Plants. SCSB is currently carrying out the construction of the Baleh Hydroelectric Project, the largest ongoing hydroelectric power plant project in Malaysia, as well as the Miri Combined Cycle Gas Turbine Power Plant in Miri, Sarawak. The MoU outlines several key areas of cooperation designed to support the government's vision of accelerating Malaysia's clean energy agenda in line with the National Energy Transition Roadmap. The collaboration focuses on jointly identifying and developing renewable energy projects across Malaysia, including solar, geothermal, hydroelectric, and other clean energy technologies. By combining their unique strengths, both companies aim to harness Malaysia's natural resources for sustainable power generation. Additionally, the partnership seeks to transfer advanced technologies and best practices in fields such as solar, geothermal, hydropower, and SMR systems, accelerating the country's adoption of cutting-edge clean energy solutions. The agreement also includes initiatives for sustainable rare earth exploration, targeting responsible mining to secure materials vital for renewable energy production. Both parties are committed to innovation and the development of local talent, supporting Malaysia's net-zero emissions target by 2050 and ensuring a skilled workforce for the renewable energy and rare earth industries. This approach positions Malaysia to capitalise on global energy transition opportunities while prioritising environmental responsibility. 'As we accelerate our shift towards a greener future, this partnership represents a milestone in our renewable energy transition and expansion from our traditional oil and gas business, reinforcing our dedication to environmental stewardship,' Faizal added.
Yahoo
23-05-2025
- Politics
- Yahoo
United States Supreme Court decides St. Isidore of Seville Catholic Virtual School case in split 4-4 vote
OKLAHOMA CITY (KFOR) — The United States Supreme Court has reached a decision in the St. Isidore of Seville Catholic Virtual School, Oklahoma Statewide Charter School Board (SCSB) versus Drummond case. The case would've made St. Isidore the first taxpayer-funded religious charter school in the nation. The ruling was a 4-4 split decision by eight Supreme Court justices, as Justice Amy Coney Barrett recused herself due to close ties in the case. PREVIOUS COVERAGE: Heated exchange as SCOTUS hears arguments on nations first religious charter school 'I think it's remarkable. It's a great win for Oklahoma,' said Oklahoma Attorney General Gentner Drummond. 'We were disappointed,' said Brian Shellem, Chairman of the SCSB. The Oklahoma Supreme Court ruled the virtual Catholic charter school unconstitutional. A split vote means the Oklahoma Supreme Court's ruling will remain in place. An Oklahoma parent and plaintiff in the case against St. Isidore said, 'It's really important to me that the government not interfere in my pursuit of faith or in instilling those values in my children.' 'We had to stand up as parents and for our kids and our schools and just say, this is not American, this is not the way we understand democracy,' added Brewer. Others reacted to the decision, including State Superintendent Ryan Walters. He issued a statement about the ruling, expressing disappointment. 'Allowing the exclusion of religious schools from our charter school program in the name of19th century religious bigotry is wrong,' said Superintendent Walters. 'As state superintendent, Iwill always stand with parents and families in opposition to religious discrimination and fightuntil all children in Oklahoma are free to choose the school that serves them best, religious orotherwise.' 'We are disappointed, but the result of this 4-4 decision with no opinion is that the fight againstreligious bigotry will continue in Oklahoma and across the country,' said Hiram Sasser,Executive General Counsel for First Liberty. 'We will not stop until we can bring an end toreligious discrimination in education.' State Superintendent Ryan Walters In a press conference Thursday afternoon, Supt. Walters also said, 'We're looking at a potential amendment to the State Constitution to help clarify this issue. And we're also looking through funding mechanisms for religious charter schools in the future of Oklahoma.' Oklahoma Governor Kevin Stitt also shared his remarks in a statement Thursday morning. 'This 4-4 tie is a non-decision. Now we're in overtime. There will be another case just like this one and Justice Barrett will break the tie. This is far from a settled issue. We are going to keep fighting for parents' rights to instill their values in their children and against religious discrimination.' Governor Kevin Stitt Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
