Malakoff and MMC Ports will explore various green power initiatives with investments worth RM350 million.
Malakoff and MMC Ports, a member of MMC Group, inked a memorandum of understanding today to undertake business exploration in green power initiatives with investments worth RM350 million. Under the MoU, Malakoff will assume the role of a solar power producer and MMC Ports as corporate consumers, he said.
In line with the government’s aim to achieve a 70% RE capacity mix by 2050, Malakoff and MMC Ports are actively exploring opportunities to collaborate within the large-scale solar programme. To date, Malakoff has 67 MW of total solar installed capacity through LSS and rooftop solar, and a 84 MW of hydropower capacity progressing towards completion.