Citaglobal inks RM15bil deal with Chinese firm

Shanghai SUS Environment Co CEO Cindy Li Haiyan and Citaglobal executive chairman and president Tan Sri Mohamad Norza Zakaria showing the MoU documents. Looking on are Foreign Affairs Deputy Minister Datuk Mohamad Alamin; Investment, Trade and Industry Minister Datuk Seri Utama Tengku Zafrul Aziz; Prime MInister Datuk Seri Anwar Ibrahim; Local Government Development Minister Nga Kor Ming; and Agriculture and Food Security Deputy Minister Chan Foong Hin

KUALA LUMPUR: Chinese waste treatment conglomerate Shanghai SUS Environment Co Ltd is looking to inject RM15bil of foreign direct investment (FDI) into the economy via a collaboration to establish a waste-to-energy (WtE) plant in the country.

It was reported that Malaysian civil engineering group, Citaglobal Bhd, had entered into a memorandum of understanding (MoU) with SUS, which outlines the intention of the parties to potentially collaborate on developing WtE power plants in Malaysia.