2018 | Quarter 3

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Malakoff, Concord Sign JDA on Renewable Energy Projects

Malakoff Corporation Bhd (Malakoff), a member of MMC Group, signed a Joint Development Agreement (JDA) with Concord Alliance Sdn Bhd (Concord) to explore and develop biogas-based power generation projects.

The agreement was signed by Dato’ Ahmad Fuaad Kenali, Chief Executive Officer of Malakoff, while Concord was represented by Datuk Khairuddin Tan Sri Mohd Hussin, Executive Director of Concord.

Under the collaboration, both parties intend to collaborate to jointly develop, operate and maintain renewable energy (RE) projects including biogas and biomass-based power generation identified by both parties.

Both parties also agreed to conduct feasibility studies to evaluate the viability of the projects for development.

Commenting on the agreement, Dato’ Ahmad Fuaad said, “The collaboration is intended to harness the biogas generated from the Palm Oil Mill Effluent (POME) to generate electricity which, more importantly, will also avoid the release of the biogas generated by the POME into the atmosphere to preserve the environment.”

“The biogas and biomass-based power generation projects are parts of Malakoff’s strategy to expand the RE segment and contribute towards meeting the Government’s target to increase Malaysia’s RE generation capacity to 20% by 2025. Concord has been chosen as our partner due to its capability and experience in the development, construction and operations & maintenance of biogas power generation projects,” he added.