KUALA LUMPUR: Malakoff Corporation Bhd’s subsidiary will develop rooftop solar energy systems for the DRB-Hicom Group under a 25-year deal.
Malakoff said on Tuesday its subsidiary Malakoff Radiance Sdn Bhd had completed the signing of six solar power purchase agreements for the systems with companies under the DRB-Hicom group.
The companies — CTRM Aero Composites Sdn Bhd, Hicom Automotive Manufacturers (Malaysia) Sdn Bhd, Isuzu Hicom (M) Sdn Bhd, Hicom Teck-See Manufacturing Sdn Bhd, Hicom Bhd and Motosikal dan Enjin Nasional Sdn Bhd (Modenas) — are manufacturing and engineering arms of the group.
“The solar facilities will be installed under a build-own-operate-transfer contract as part of a 25-year agreement.
“Upon completion, these facilities are expected to generate 18, 836 MWh of clean electricity per annum. These will collectively neutralise about 13, 072 tonnes of carbon emissions per year from the manufacturing industry, ” it said.