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Malakoff’s Subsidiary Signs Six New Solar Projects With DRB-Hicom Group

Malakoff’s Subsidiary Signs Six New Solar Projects With DRB-Hicom Group

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KUALA LUMPUR : Malakoff Corporation Bhd’s subsidiary Malakoff Radiance Sdn Bhd has completed the signing of six solar power purchase agreements (SPPAs) for the development of rooftop solar energy systems with companies under the DRB-HICOM Group.

In a statement today, it said the SPPAs involved companies under the manufacturing and engineering arms of DRB-Hicom namely CTRM Aero Composites Sdn Bhd, HICOM Automotive Manufacturers (Malaysia) Sdn Bhd, Isuzu HICOM (M) Sdn Bhd, HICOM Teck-See Manufacturing Sdn Bhd, HICOM Bhd and Motosikal dan Enjin Nasional Sdn Bhd.

It said the solar facilities would be installed under a build-own-operate-transfer contract as part of a 25-year SPPA.

“Upon completion, these facilities are expected to generate 18,836 megawatt hours (MWh) of clean electricity per annum. These will collectively neutralise about 13,072 tonnes of carbon emissions per year from the manufacturing industry,” it said.

Malakoff said it also recently secured other rooftop solar projects with AEON Co (M) Bhd, Northport (Malaysia) Bhd, Johor Port Bhd and Pos Malaysia Bhd.

“All these projects combined, with a total capacity of 25,444 kWp (kilowatt peak), will generate 33,243 MWh per annum and neutralise 23,070 tonnes of carbon emissions per year,” it added.

Malakoff managing director and chief executive officer Anwar Syahrin Abdul Ajib said the company is on the right track to capture new growth opportunities in the renewable energy sector as the project is another milestone in its expansion of the rooftop solar segment.

“We have the capacity and capability to further embark on collaboration and ventures with any business entity for rooftop solar systems.

“As a leading player in the power and waste management sector, our clients and partners trust our ability to help them achieve their agenda on tackling carbon emissions,” he said.

Source: theedgemarkets

Anand Gupta Editor - EQ Int'l Media Network