Propel Global Bhd executive director/group CEO Angeline Lee.
PETALING JAYA: Propel Global Bhd
has entered into a memorandum of understanding (MoU) with Sabah Energy Corp Sdn Bhd (SEC) and Reservoir Link Energy Bhd to jointly explore the development of a modular gas power plant in Sabah.
In a joint statement, Propel Global and Reservoir Link said the collaboration aimed to provide a cost-efficient, low-emission and rapidly deployable energy solution supporting industrial growth and grid stability across Sabah.
“Under the MoU, Propel Global and Reservoir Link will jointly undertake feasibility studies, social environmental impact assessment, power system study and transmission connectivity, as well as financial modelling and analysis with land matters supported by SEC.
“The parties further agree to establish a joint working group or JWG within 30 days from the date of the MoU to coordinate, evaluate and oversee the activities required under this MoU.”
The parties said the project will be implemented under a zero-capital expenditure structure fully borne by Reservoir Link, with detailed commercial and ownership terms to be defined in a subsequent joint-venture agreement.
As part of the collaboration, the parties said they will also support the fuel transformation initiative at project sites by developing, implementing and operating the project integrating liquefied natural gas or LNG regasification, gas distribution, and modular power generation.
In the statement, Propel Global executive director and group chief executive officer Angeline Lee said the partnership reflects the group’s commitment to enabling cleaner and more reliable energy solutions for Sabah.
Meanwhile, Reservoir Link executive deputy chairman Thien Chiet Chai said the strategic collaboration marked an exciting step forward for Sabah’s energy transition.
He said the collaboration enables Reservoir Link to leverage its engineering, engineering, procurement and construction, and operations and maintenance competencies on a wider scale.
