Malakoff Corporation Berhad is all set to develop Green Power Projects in Malaysia.
The company has already inked a Memorandum of Understanding with MMC Ports, which consists of Northport Bhd, Johor Port Berhad, Tanjung Pelepas Sdn Bhd, and Penang Port Sdn Bhd.
The latest agreement aims to explore green power initiatives, including solar power programs, electric vehicle charging stations and others.
As per the companies, “Malakoff will become a solar power producer, while MMC Ports will serve as a corporate consumer within the Corporate Green Power Programme (CGPP).” To be noted, Malakoff aims to achieve an RE capacity of 1,400 MW by 2031.
Besides, the partnership will further facilitate MMC Ports’ entry into Renewable Energy through a virtual acquisition of solar power, with the goal of developing 500 MW of solar projects within the Albukhary Group of Companies, a local report mentioned.
Furthermore, Malakoff will also participate in the Self-Consumption (SelCo) rooftop solar program. It will be working for managing the installation, operation, and maintenance of the solar PV system.
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