PLB signs MoU to target waste-to-energy project in Penang

KUALA LUMPUR: PLB Engineering Bhd said a subsidiary is planning to start a municipal solid waste to energy plant in Penang.

The company, in a filing with Bursa Malaysia today, said 65% PLB Terang Sdn Bhd has entered into a memorandum of understanding (MoU) with Welle Environmental and Renewable Energy Sdn Bhd to pursue the project.

"The parties intend to set up a waste-to-energy plant with a capacity of 1000 tons a day in Penang, subject to approval from relevant authorities," it said.

The Mou, PLB said will serve as a platform for the group to tap into Welle and its China company's experience and expertise in waste management and power generation projects.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

PLB Engineering , Welle , Waste-to-energy , Penang


Did you find this article insightful?


100% readers found this article insightful

Next In Business News

CPO futures may undergo technical correction next week
Blackstone-backed Patria eyes expansion in Latam, Asia
METALS: Tin, aluminium, copper prices down
Oil price falls on China's COVID-19 cases, high crude build
IBM, Intel slump weighs on Wall St as coronavirus concerns rise
GLOBAL MARKETS-Weak data, earnings drag stocks lower
Getting through tough times together
Keeping the economy moving with stimulus
How economic stimulus matters for countries
Short Position - Siletrra, AirAsia, ESG

Stories You'll Enjoy