PETALING JAYA: Malakoff Corp Bhd, via its wholly-owned subsidiary Malakoff Radiance Sdn Bhd, has appointed Solarvest Holdings Bhd to accelerate its solar power purchase deals with several logistic players in Malaysia.
In a joint statement, Malakoff and Solarvest said the parties will be tying up to assist businesses in Malaysia achieving their environmental goals through solar photovoltaic solutions.
“This tie-up will power up the logistic facilities of renowned industry players, namely Pos Malaysia Bhd, Northport (M) Bhd and Johor Port Bhd, with advanced solar PV systems, transforming the respective rooftops into solar powerhouses.”
The parties said the solar facilities installed will be under a solar power purchase agreement (SPPA) ranging between 20 and 25 years.
“Upon completion, the total generation from these three facilities are expected to produce about 11, 609.90 megawatt hours of clean electricity per annum.
“These will collectively neutralise about 8, 057 tonnes of carbon emissions per year for the logistics industry.”
The tie-up will see Solarvest undertaking the engineering, procurement, construction and commissioning works while Malakoff will finance and own the rooftop solar assets throughout the duration of the SPPA.
In the same statement, Malakoff managing director and chief executive officer Anwar Syahrin Abdul Ajib said more green logistic hubs are emerging around the world to meet the increasing demand for eco-friendly logistics services.
“As the largest independent power producer in the country, it is vital for Malakoff to enable the access to sustainable energy for local industry providers and pave the way for businesses to reform their electricity consumption.”