From left: PUC Founder Technology Sdn Bhd director Chen Shiang Yih; Cheong Chia Chieh; Malaysian Green Technology Corporation chairman Tan Sri Peter Chin Fah Kui; GMTA chairman Datuk Wira Jalilah Baba and GMTA CEO Woon Foo Wen.
KUALA LUMPUR: PUC Founder (MSC) Bhd has teamed up with Greentech Malaysia Alliances (GTMA) to bid for renewable energy projects in government or government linked corporations (GLCs).
PUCF said on Wednesday both parties had inked a joint venture (JV) agreement to manage the JV company.
“The proposed JV seeks to leverage upon PUCF’s strength and capability in project management and to utilise GTMA’s expertise in developing green technology in Malaysia,” it said.
It added the JV would be a project vehicle to bid for renewable energy projects in government or GLCs.
PUCF said the proposed JV is in line with its diversification into the energy utilities services to expand its venture into renewable energy sector and it was expected to contribute positively to the future earnings of PUCF.
GTMA was incorporated on June 1 and is a unit of Malaysian Green Technology Corporation which is under the Ministry of Energy, Green Technology and Water (KeTTHA).
GTMA focuses on businesses involved in eco-friendly projects, products and services.
PUCF managing director Cheong Chia Chieh said with GTMA, “we are confident that we can continue to achieve more in the coming years in line with our expansion plans into the renewable energy sector as promised to our shareholders.
“New income stream and recurring income will be our way forward in the year ahead, we will strive to work harder and achieve better results to enhance our shareholders’ value.”
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