UEM Group Bhd, a fully-owned unit of Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, has partnered with engineering firm ITRAMAS Corp Sdn Bhd to develop a 1-GW hybrid solar power plant within a renewable energy industrial park in the Southeast Asian nation.
According to a statement quoted by local media, the two companies are holding talks with foreign investors such as Blueleaf Energy and ITRAMAS’ existing partners China Machinery Engineering Wuxi Co Ltd (CMECWUXI) and HEXA Renewables. Having signed certain memoranda of understanding (MoU), they are currently discussing each party’s potential role in the project.
ITRAMAS and CMECWUXI, in particular, are also interested in becoming anchor tenants at the industrial park and among the first renewable power off-takers there.
The project is said to be aligned with the country’s new National Energy Transition Roadmap (NETR).