Friday 21 Jun 2024
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KUALA LUMPUR (April 29): Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering & Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.

In a statement on Monday, the company said it signed the deal via its unit Malakoff Technical Solutions Sdn Bhd (MTSSB).

This marks Malakoff's inaugural venture into securing H-class O&M projects, opening avenues to further expand its expertise in H-class technology, thereby positioning itself for the growing demand in CCPP within Malaysia.

Through its acceptance of a letter of award from NEPCS, Malakoff will offer its services to three power plants in Bangladesh, with a total capacity of approximately 1,500 megawatts (MW).

The H-class technology is among the latest technology in gas turbines, which has seen significant evolution and engineering advancements aimed at reducing carbon emissions and supporting the modern requirements of flexible power generation.

Malakoff managing director and group chief executive officer Anwar Syahrin Abdul Ajib said this partnership serves as a testament to the company’s dedication in broadening Malakoff’s technical expertise internationally.

Anwar Syahrin said Malakoff has a highly skilled team and one of its  main focuses in O&M is to team up with partners strategically to elevate competitiveness and optimise its business performance.

“Last year, we performed remarkably well despite challenges where we managed to export 28.2TWh (terawatt-hour) of electricity to the national grid, compared to 26.3TWh in 2022, even with the GB3 Power Plant being decommissioned.

“I am confident that by mobilising our experts to these CCPP projects in Bangladesh, we will not only enhance the performance of these plants but also provide our team with valuable exposure to new technologies.

“This experience will inspire them to delve deeper into innovative solutions for reducing carbon emissions in thermal plants,” he said.

At the time of writing, Malakoff gained 0.77% or 0.5 sen to 65.5 sen with 637,000 shares traded.

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