Malakoff Corp Bhd recently signed a memorandum of understanding (MoU) with Touch Meccanica Sdn Bhd (TMn) to develop a large-scale solar photovoltaic (PV) plant and several mini hydropower projects in Pahang.
The projects, with an estimated total development cost of RM1.3 billion, would see the country’s largest independent power producer (IPP) expanding its power generation capacity into new areas, especially the booming solar energy segment and renewable energy (RE).
The large-scale solar PV project would generate up to 50MW while the several mini hydropower projects have a combined capacity of around 100MW.
Malakoff CEO Datuk Ahmad Fuaad Kenali said the company is committed to expanding its share of renewable energy (RE) in its power generation portfolio and become a key player in the segment.
Also witnessed the signing of the MoU was the Regent of Pahang, Tengku Abdullah Sultan Ahmad Shah.