Destini Energy Sdn Bhd, a subsidiary of Destini Berhad, and Maxland Energy Sdn Bhd, a subsidiary of Priceworth International Berhad, have entered into an exciting strategic partnership with a focus on advancing renewable energy projects, particularly in the solar power sector. This collaboration brings together Destini’s expertise in various forms of energy generation and distribution with Maxland’s ongoing efforts in developing solar farms in Malaysia and Australia.
The partnership’s primary emphasis will be on the development of renewable power projects, particularly solar power plant projects, including contracts with Indah Water Konsortium and projects located in Sandakan, Malaysia, and Victoria, Australia. The key objectives include conducting feasibility studies and due diligence exercises to establish a Joint Venture Company dedicated to implementing sustainable energy projects.
This collaboration is driven by a shared commitment to Malaysia’s National Energy Transformation Roadmap, aiming to achieve a 70% share of installed capacity from renewable energy sources by 2050. Solar PV installation plays a predominant role in this ambitious goal, with a target of 59 GW of installed capacity by 2050.
Datuk Major. Kabol bin Surat, Executive Director of Destini Berhad, expressed enthusiasm about the partnership, emphasizing Destini’s commitment to advancing clean and sustainable energy solutions. Mr. Richard Koo, Executive Director of Priceworth International Berhad, shared similar sentiments, highlighting Maxland’s excitement to collaborate on environmentally friendly solutions.
Both companies plan to explore potential areas of growth and innovation related to renewable energy projects.