Two of the leading names in the energy sector, Malaysian Malaoff and Japanese J-POWER joined hands to develop power and water projects. The two signed memorandum of understanding (MoU) on Thursday, to create potential greenfield and brownfield power generation and water projects across the world, including Malaysia.
Their joint project would gain an edge over the others with J-POWER’s operational and technical expertise in both renewable and non-renewable power markets, and Malakoff’s skilfulness in the power and water desalination.
As per the reports, the MoU was signed between Malakoff’s chief executive officer Datuk Ahmad Fuaad Kenali and J-Power’s director and head of Global Power Business division Dr Yoshiki Onoi.
Kenali said that in their strategic partnership both the companies would be benefiting from each other’s strengths. He added,“This would further drive operational effectiveness and efficiency of its power plants as well as to collaborate on future projects.”
Malakoff issued a statement, which read, “Through this MoU, both parties have agreed to jointly evaluate potential development of greenfield and brownfield power and water projects by leveraging on J-Power’s operational and technical expertise in the thermal, hydro and renewable power markets, and Malakoff’s experience in the power and water desalination projects, as well as other collaboration frameworks including operational excellence and technical knowledge sharing.”
Malakoff is Malaysia’s leading IPP with a capacity of 6,346 MW, consisting 7 powerhouses that run all three sources of energy – oil, coal and gas. The company has also made a place for itself in the international market, as an independent water and power producer (IWPP). With its projects running all across the world, including Bahrain, Saudi Arabia, Algeria, Australia and Oman, it holds the net capacity about 690 MW of power production and 444,800 m³/day of water desalination. J-Power, the leading power generating companies in Japan, has the capacity of 24.6 GW worldwide, consisting of 61 hydroelectric power plants and 22 wind farms across Japan. It is also known for running major electric transmission cables.