Sime Property partners TNB for sustainable energy initiatives

From left: TNB Program Director (PMO Electric Vehicle) Wan Ahmad Zam Zam Wan Abd Wahab, GSPARX Sdn Bhd Managing Director Elmie Fairul Mashuri, TNB Chief Operating Officer Datuk Megat Jalaluddin Megat Hassan, TNB Chief Retail Officer Kamal Arifin A. Rahman, TNB Chairman Datuk Abd Razak Abdul Majid, Sime Darby Property CEO - Property Development Datuk Mohd Sohimin Mohd Alayedin, TNB President and CEO Datuk Indera Baharin, Sime Darby Property Chairman Rizal Rickman Ramli and Sime Darby Property Group Managing Director Datuk Azmir Merican at the MoU announcement

KUALA LUMPUR: Sime Darby Property Bhd has entered into a strategic partnership with Tenanga Nasional Bhd for the exploration and development of sustainable energy initiatives.

In a statement, the property developer said both parties will explore potential joint venture partnerships to integrate rooftop solar solutions in the Group’s townships and developments.

It said the residential solar pilot project includes the leasing of rooftop spaces or implementation of rooftop solar solutions on up to 1,000 existing and future properties in the City of Elmina or other potential townships.

Additionally, Sime Darby Property and TNB will seek to explore the implementation of electric vehicle charging infrastructure within townships and/or developments by the Group.

Both strategic partners will also look into microgrid solutions in townships, managed industrial parks and landbanks within Sime Darby Property.

“This partnership reflects our strategy to develop a sustainable and commercially viable portfolio that will enable us to lead the domestic real estate industry’s transition to renewable energy.

"It also signifies our commitment to reducing our carbon footprint and playing our role in the nation’s green agenda,” said Sime Darby Property group managing director Datuk Azmir Merican.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

China's factory activity contracts for second month in November
Ringgit opens lower against US$ in early trade
Bursa remains caught in consolidation
Visa-free agreements set to propel air passenger traffic growth
Sedania forges ahead with Islamic fintech ambitions
Trading ideas: Public Bank, Axiata, Cahya Mata, Berjaya Corp, Mega First, QL Resources, Sarawak Oil Palm, PPB, FGV, Supermax and Pharmaniaga
Allianz Malaysia’s affordable insurance in line with government’s Rahmah Insurance initiative
China’s Nio teams up with Geely on battery swapping
Europe property slump is near end, says analyst
Mekong plan targets low-carbon rice output

Others Also Read