KUALA LUMPUR (Dec 12): Malakoff Corp Bhd, through its wholly-owned subsidiary, Malakoff Radiance Sdn Bhd has secured a solar agreement with Railway Assets Corp (RAC) and Keretapi Tanah Melayu Bhd (KTMB) for the development, operation and maintenance of carport and rooftop solar systems at railway stations, depots and a park and ride terminal in Perak, Penang, Selangor, Johor and Negeri Sembilan.

“With a projected electricity savings of RM9.7 million for RAC and KTMB, this 1.42MWp of total capacity project is anticipated to have a crucial role in significantly contributing to an annual reduction of 19,376 tCO2e [tonnes of carbon dioxide equavalent] equivalent to the conservation of 484,400 matured trees,” said Malakoff in a statement.

Malakoff’s MD & Group CEO Anwar Syahrin Abdul Ajib said the group is targeting 1,400MW of renewable energy (RE) capacity by 2031 through collective efforts.

“In line with the National Transport Policy 2019-2030, one of its key objectives is to address the environmental impact resulting from the growth of the transport sector,” he added.

RAC’s CEO Datuk Azhar Ahmad said RAC plans to implement the second phase of this RE initiative at 17 locations, including 16 railway stations and one park and ride building in Selangor, Negeri Sembilan and Perlis.

“We will continue to focus on implementing the third phase of this initiative, which will include 25 more locations throughout Peninsular Malaysia. The feasibility studies under this initiative regarding railway stations, depots and park and ride facilities are already underway,” he added.

To date, through its newly established business pillar, Malakoff Green Solutions, Malakoff has a total of 151MW of RE generating capacity ranging from the implementation of Large Scale Solar (LSS) and Rooftop Solar (RTS) projects, to small hydropower generation.