Malakoff in concession deal to build waste-to-energy facility
In a filing with Bursa Malaysia, the independent water and power producer said the agreement was entered into with the Housing and Local Government Ministry and Solid Waste and Public Cleansing Management Corp.
Malakoff said the WTE facility will process up to 1,056 tonnes of municipal solid waste per day and generate approximately 22 megawatts of gross renewable energy under a power purchase agreement, to be entered into by Tenaga Nasional Bhd and Malakoff's subsidiary, Sungai Udang WTE Sdn Bhd (concession company).
'The concession period granted to the concession company to undertake the project shall be for a period of 34 years from the effective date, comprising 36 months' construction period; 30 years' operation period; and 12 months' closure period.
'Subject to the fulfilment of the conditions precedent, the project is expected to commence in the second quarter of 2026.'
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