Malakoff invests RM2.5b to develop solar projects

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Malakoff invests RM2.5b to develop solar projects
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KUALA LUMPUR: Malakoff Corporation Bhd is expected to invest around RM2.5 billion to develop 500MW of solar projects within the Albukhary Group of Com...

Malakoff Corporation Bhd is expected to invest around RM2.5 billion to develop 500MW of solar projects within the Albukhary Group of Companies over five years.

This includes, but is not limited to any solar power programme under the government’s initiative such as the Corporate Green Power Programme , Self-Consumption , cold ironing or shore-to-ship power supply, installation of electric vehicle charging stations and others. “This strategic collaboration paves the way for MMC Ports to tap into renewable energy through solar power,” he told reporters after Malakoff-MMC Group MoU.

“They are considering the implementation of cold ironing or shore-to-ship power supply solutions. Cold ironing or shore-to-ship power supply is the process of providing electricity to the ship at berth, during which, the engines are shut down, significantly reducing greenhouse gas emissions and air pollution,” he said.

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