In a significant move towards sustainable energy practices, Malakoff Corporation Berhad, through its subsidiary Malakoff Radiance Sdn Bhd, has inked a Solar Power Purchase Agreement (SPPA) with Gas Malaysia Berhad. The agreement encompasses the development, operation, and maintenance of solar photovoltaic (PV) systems at three Gas Malaysia sites: Gas Malaysia Headquarters in Shah Alam, Selangor, Southern Regional Office in Pusar Gudang, Pahang, and Eastern Regional Office in Gebeng, Kuantan.
In addition to the solar initiatives, Malakoff will also be installing Electric Vehicle (EV) charging stations at Gas Malaysia HQ and Gas Malaysia’s Jalan Gurney location in Kuala Lumpur. The Memorandum of Understanding (MoU) signing, held at the Setia City Convention Center, coincided with Gas Malaysia’s unveiling of its business sustainability plan. The signing was attended by Malakoff’s Chief Financial Officer, Encik Mohd Nazersham Mansor, and witnessed by the Minister of Natural Resources, Environment, and Climate Change, Yang Berbahagia Tuan Nik Nazmi Nik Ahmad.
This collaborative effort aligns with Malakoff’s commitment to addressing climate change, contributing to the government’s holistic measures and supporting Gas Malaysia’s environmental sustainability goals. Malakoff, aiming to achieve 500 MW of solar projects within the Albukhary Group of Companies, emphasizes the importance of incorporating EV charging solutions as a tangible expression of commitment to sustainability.
Malakoff’s Managing Director/Chief Executive Officer, Encik Anwar Syahrin Abdul Ajib, highlighted the significance of this initiative in the context of the evolving landscape where consumers, businesses, and employees actively seek partners aligned with green energy adoption commitments. He emphasized that integrating EV charging solutions into corporate infrastructure reflects the organizations’ dedication to sustainability, setting a noteworthy example for the industry.
With a current portfolio boasting 151 MW of Renewable Energy generating capacity, including Large Scale Solar (LSS), rooftop solar (RTS), and small hydropower projects, Malakoff’s commitment aligns with UN Sustainable Development Goal No. 7 – Affordable and Clean Energy. This goal aims to ensure access to affordable, reliable, and sustainable energy for all, supporting the broader vision of a cleaner and greener world.
This Solar Power Purchase Agreement marks a pivotal step in Malakoff’s journey towards a net-zero nation by 2050, contributing significantly to UN sustainability goals and the global commitment to clean and accessible energy.