BUSINESS

MALAKOFF GUARANTEES MALAYSIA'S ENERGY SECURITY THROUGH COMBINATION OF RENEWABLE, NON-RENEWABLE ENERGY SOURCES

27/02/2024 12:15 PM

By Siti Noor Afera Abu

KUALA LUMPUR, Feb 27 (Bernama) -- As an independent power producer (IPP) in Malaysia, Malakoff Corporation Bhd is committed to balancing the interconnection between non-renewable and renewable energy sources.

Chairman Tan Sri Ahmad Tajuddin Ali said the interconnection is important to ensure energy security is not affected by taking into account the factors of supply assurance and energy sustainability.

“It is very important for Malakoff to be able to supply power and energy to the National Grid System so that energy demand can always be met.

“Currently, an average of 17 to 20 per cent of the energy supplied to the country is from power stations owned by Malakoff,” he told Bernama.

Ahmad Tajuddin said the energy producing company and a leader in waste management always strives to raise awareness to achieve a balance in research to develop more sustainable alternative sources.

He said Malakoff is also responsible for the coordination of renewable energy (RE) and non-renewable energy sources in addition to diversifying the use of fuel mixtures.

It can thus reduce dependence on thermal sources by using renewable energy sources such as solar, hydro and biomass.

Malakoff through its Tanjung Bin Power Plant (TBPP) with a capacity of 2,100 MW is the IPP company in Malaysia selected to lead the Biomass co-firing project in the National Energy Transition Roadmap (NETR).

The first coordination phase will start in 2024 by two to three per cent with the goal of increasing biomass coordination capacity up to 15 per cent by 2027.

Meanwhile, he said any energy transition efforts should be wary and take into account the current situation of the country in reducing energy generation that uses thermal sources.

He said this is because Malaysia still depends on energy generation using thermal sources and almost 50 per cent of the country's energy capacity is generated through coal.

“This transition is expected to continue for at least another decade,” he added.

Ahmad Tajuddin said one of the challenges is to adapt to the ever-changing sustainable energy environment in ensuring practical solutions.

“Energy transition requires support from developed countries, especially in terms of financing, technology and cost management that do not burden companies and consumers,” he said.

Malakoff which previously went through rebranding announced initiatives that drive towards a more sustainable environment.

So far, through its new business line 'Malakoff Green Solutions', Malakoff's RE portfolio has a capacity of 153 MW which includes the implementation of Large Scale Solar (LSS) and Rooftop Solar (RTS) projects as well as mini-hydro power generation and carbon free mobility infrastructure installation.

All of these initiatives further strengthen Malakoff's commitment in line with its slogan of 'Enhancing Life, Enriching Communities'.

By aligning its core business practices with Environmental, Social and Governance (ESG) principles, Malakoff is committed to reducing its carbon footprint and developing renewable energy solutions.

Ahmad Tajuddin said the company is now actively exploring new technologies to improve the effectiveness of generation using thermal sources.

“However, there are still limitations and Malakoff is always conducting research on new techniques in combustion based on thermal sources to reduce carbon dioxide emissions and improve the level of combustion efficiency,” he added.

-- BERNAMA


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