Malakoff Corporation Berhad has signed a Memorandum of Understanding (MoU) with MMC Ports, a subsidiary of the MMC Group of Companies, encompassing Northport (Malaysia) Bhd, Johor Port Berhad, Tanjung Pelepas Sdn Bhd, and Penang Port Sdn Bhd.
The MoU exchanged during the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2023, aims to explore green power initiatives, including solar power programs, electric vehicle (EV) charging stations, and more, collectively referred to as “Green Power Projects.”
Under this partnership, Malakoff will become a solar power producer, and MMC Ports will serve as a corporate consumer within the Corporate Green Power Programme (CGPP). This collaboration also facilitates MMC Ports’ entry into Renewable Energy (RE) through a virtual acquisition of solar power, with the goal of developing 500 MW of solar projects within the Albukhary Group of Companies.
In addition to the CGPP, Malakoff will participate in the Self-Consumption (SelCo) rooftop solar program, acting as the developer for MMC Ports, managing the installation, operation, and maintenance of the solar photovoltaic (PV) system.
Malakoff and MMC Ports are actively exploring opportunities within the Large-scale Solar (LSS) program and considering the implementation of cold ironing or shore-to-ship power supply solutions to reduce greenhouse gas emissions and air pollution.
Malakoff’s MD/CEO, Encik Anwar Syahrin Abdul Ajib, welcomed the National Energy Transition Roadmap (NETR) announcement by the government, emphasizing the company’s commitment to expanding its renewable energy (RE) portfolio and exploring green initiatives.
Malakoff aims to achieve an RE capacity of 1,400 MW by 2031, aligning with UN Sustainable Development Goal No. 7 – Affordable and Clean Energy, and contributing to a cleaner and greener world.
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