Koperasi Kakitangan PETRONAS Berhad (KOPETRO) has entered into a strategic partnership with Gading Kencana for renewable energy cooperation in Malaysia.
Gading Kencana Sdn Bhd is a renowned company in the renewable energy sector in Malaysia. It has grown rapidly in the market of solar lights, solar PV systems, and other services. PETRONAS will work through its subsidiary KOPETRO Trading.
The duo has already signed a memorandum of understanding for the same.
According to the companies, the collaboration aims to promote the use of clean and sustainable energy solutions such as solar power, in line with global efforts to control the impact of climate change and switch to renewable energy sources.”
According to the Chairman of KOPETRO, Roslan Abdul Rahim, the partnership will leverage Gading Kencana's expertise as a renewable energy expert and will support KOPETRO in promoting the Net Energy Metering (NEM) 3.0 initiative in Malaysia.
They will work through the Solar Rakyat product brand to cooperative members.
Roslan was quoted in a statement, "The signing of this understanding is also to increase awareness and facilitate the installation of solar PV systems among KOPETRO members."
The duo informed that the “partnership between KOPETRO and Gading Kencana provides facilities for more than 15,000 members of the cooperative to install solar PV systems; a system that produces electricity from solar power, and encourages them to switch to solar energy as a solution, while reducing the use of electricity and the cost of traditional energy sources.”