PIC SOURCE: Malakoff Corp Bhd
Malakoff Corp Bhd’s subsidiary, Tanjung Bin Power Sdn Bhd, has signed a coal ash offtake agreement with G-Cast Concrete Sdn Bhd for the collection of coal ash from its Tanjung Bin Power Plant (TBPP) in Pontian, Johor.
Under the agreement, G-Cast will collect coal ash from TBPP for a period of 10 years, with an option to extend for another three years.
Malakoff said the deal will come into effect after G-Cast obtains all the necessary approvals from the authorities within six months from the signing of the agreement.
Malakoff CEO Datuk Ahmad Fuaad Kenali said the third-party offtake agreement is part of Malakoff’s sustainability initiatives to recycle the ash generated from the 2,100MW coal-fired power plant into construction material such as sand replacement, as practiced in Europe and Japan.
“In addition, this is also part of Malakoff’s long-term plan to avoid the need for continuous expansion of the ash ponds and to save costs related to expansion and maintenance of the ash ponds,” he said in a statement yesterday.
G-Cast is a wholly owned subsidiary of Starken AAC Sdn Bhd, which in turn is a wholly owned subsidiary of Chin Hin Group Bhd.
G-Cast specialises in the manufacturing of a wide range of pre-cast concrete products and has five factories located in Perak, Selangor and Johor.
Malakoff is an independent water and power producer with core focus on power generation, water desalination and operation and maintenance services. It is Malaysia’s largest independent power producer with a net generating capacity of 6,346MW from its seven power plants.