Latest news with #MalakoffCorporationBhd
Malaysian Reserve
20-07-2025
- Business
- Malaysian Reserve
Alam Flora expands reusable bag campaign to Temerloh's Pekan Sehari
By SUFEA SALEHUDDIN ALAM Flora Sdn Bhd has extended its reusable bag campaign to Temerloh, Pahang, marking the initiative's second rollout after a successful debut in Putrajaya earlier this year. The campaign held today at Pekan Sehari, Malaysia's longest and largest Sunday market, the campaign is part of the company's ongoing effort to curb single-use plastics and encourage more sustainable consumer behaviour. It also coincides with the 50th anniversary of its parent company, Malakoff Corporation Bhd. Alam Flora COO Mohamad Muhazni Mohd Zain said the campaign aims to instil the habit of bringing reusable bags, especially in high-traffic community spaces. 'We invite the public to embrace the practice of bringing reusable bags as a simple yet impactful step towards a cleaner and healthier environment,' he said at the event. The 2.1km riverside market was selected for its strategic potential as a behavioural touchpoint, drawing thousands of visitors from across the country. 'Pekan Sehari Temerloh draws people from all walks of life nationwide. It's an ideal location to communicate sustainability messages effectively and inclusively,' Muhazni said. At the event, Alam Flora distributed 300 reusable bags to shoppers, joined by Temerloh Municipal Council president Rizal Mustafa and SWCorp Pahang director Zaidi Tuah. Muhazni said while many still depend on plastic bags, exposure to alternatives can spark change. The campaign encourages market-goers to take ownership of their choices. Reusable bags, for instance, reduce litter, prevent clogged drains, and protect local wildlife—making neighbourhoods safer, more beautiful, and more liveable for all. 'It's even better if customers can politely refuse plastic from sellers and request items to be packed directly into their reusable bags — or at least use paper wrapping,' he said. He also pointed to the company's earlier efforts, including a 'bring your own tiffin' campaign during the Ramadan Festival, as part of the same long-term push to change the way people consume. Muhazni stressed that the campaign is not a commercial move, but a public service rooted in education and shared accountability. 'This is not about profit — it's about awareness. We're not doing this to make money, but to educate. 'When people understand the environmental impact, they're more likely to act,' he added. He said Alam Flora's role goes far beyond waste collection. It involves empowering the public through consistent engagement and grassroots education—because real progress begins with informed communities. The campaign, he said, is grounded in the belief that people make better choices when they understand the consequences. Alam Flora is also working closely with local councils and enforcement bodies, including SWCorp, to ensure the programme is carried out systematically and has the structure to grow across regions. 'God willing, this will grow into a sustainable programme — not just a one-off,' Muhazni said. The initiative is part of Malakoff's Environmental Solutions business pillar, which champions long-term waste management and environmental stewardship. It also supports the United Nations Sustainable Development Goal 11, which aims to make cities inclusive, safe, resilient, and sustainable. Ultimately, Alam Flora hopes the campaign will shift not only daily shopping habits, but also mindsets, encouraging Malaysians to rethink packaging, waste, and their role in preserving the environment for future generations.
New Straits Times
19-06-2025
- Business
- New Straits Times
Malakoff unit inks agreement with govt for 34-year waste-to-energy facility in Melaka
KUALA LUMPUR: Malakoff Corporation Bhd's subsidiary, Sungai Udang WTE Sdn Bhd, has entered into a concession agreement on a public-private partnership basis with the Ministry of Housing and Local Government and the Solid Waste and Public Cleansing Management Corporation (SWCorp). The partnership is for the design, construction, financing, operation, maintenance and closure of a waste-to-energy (WTE) facility at Sungai Udang, Melaka. Malakoff said in a statement today that 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 signed with Tenaga Nasional Bhd. "The concession period granted to undertake the project shall be for a period of 34 years from the effective date," said the energy and environmental solutions company. Malakoff added that, subject to the fulfilment of the conditions precedent, the project is expected to commence in the second quarter of 2026.
New Straits Times
19-06-2025
- Business
- New Straits Times
Second WTE plant costing RM660mil to be built in Sungai Udang
PUTRAJAYA: The country's second Waste-to-Energy (WTE) plant costing RM660 million will be built in Sungai Udang, Melaka, and is expected to be fully operational by 2029. Housing and Local Government Minister Nga Kor Ming said the Sungai Udang WTE project had undergone an open tender process and would be implemented through a Public-Private Partnership approach between the Housing and Local Government Ministry and a consortium comprising Malakoff Corporation Bhd and Alam Flora Environmental Solutions Sdn Bhd (AFES), based on the Build, Operate and Own (BOO) model. "This plant will utilise stoker grate incineration technology that complies with all current technical requirements and environmental standards. "The concessionaire has also shown commitment to constructing a second incineration line in the future to ensure uninterrupted operations, subject to new agreement negotiations," he said at the Sungai Udang WtE Concession Agreement Signing Ceremony here today. The agreement was signed by ministry secretary-general Datuk M. Noor Azman Taib, Solid Waste Management and Public Cleansing Corporation (SWCorp) chairman Hee Loy Sian and Sungai Udang WtE Sdn Bhd director Anwar Syahrin Abdul Ajib, and witnessed by Nga. Nga said the Sungai Udang WtE plant is expected to process up to 1,000 tonnes of solid waste per day, generate 22 megawatts (MW) of electricity, and reduce over 259,000 tonnes of carbon dioxide emissions annually, equivalent to the environmental benefit of planting more than four million trees. He said the plant would also be equipped with a leachate treatment system with a capacity of 96 cubic metres and would be built on 9.8 acres of land at the existing Sungai Udang landfill site. In terms of implementation, Nga said the construction of the plant would begin next year and take three years to complete, after fulfilling various preconditions that have been set. These include key approvals such as the Environmental Impact Assessment (EIA), Social Impact Assessment (SIA), Environmental Management Plan (EMP), Solid Waste Management Plan (PSS), and several other technical documents required to ensure the safety and sustainability of the project. "The concession period for this project is set at 34 years, including a three-year construction period. He said the plant is targeted to be fully operational by 2029, with the end of the concession and demolition of the plant scheduled for 2061. He said the amount of solid waste generated by Malaysians is projected to increase to 17.03 million metric tonnes by the year 2035. This increase, he said, clearly signals that relying solely on landfill sites is not only unsustainable but also insufficient to accommodate the continuous rise in waste. "It is time for us to re-evaluate our current approach and shift towards more sustainable solutions. WtE technology is emerging as one of the key drivers in transforming the national solid waste management system. "This initiative is expected to contribute up to 600MW of renewable energy (RE) as part of the strategy to achieve 70 per cent renewable energy capacity by 2050," he said. The first WtE plant was completed in 2023 at Ladang Tanah Merah, Port Dickson, Negeri Sembilan, with a processing capacity of 800 tonnes of waste per day and energy generation of 15MW. WtE is a technology that converts non-recyclable waste materials into usable forms of energy, such as heat, electricity, or fuel. – Bernama
Barnama
16-06-2025
- Business
- Barnama
Energy Transition Must Fit Malaysia's Needs And Not Bow To Global Pressure
BUSINESS KUALA LUMPUR, June 16 (Bernama) -- Malaysia's energy transition policies must be based on national realities and domestic capabilities rather than simply adhering to international pressure, said Malakoff Corporation Bhd chairman Tan Sri Che Khalib Mohamad Noh. The priority is ensuring energy security and stable supply for its ever-growing population which now stands at 34.6 million, he said. While Malaysia supports the global shift towards clean energy, the country must adopt a pragmatic strategy that reflects its own limitations and energy demands. 'We can follow the global trend, but what is more important is that our policies must be suitable for Malaysia,' he said, echoing Prime Minister Datuk Seri Anwar Ibrahim's call earlier today for a pragmatic and balanced approach to ensure a just and equitable energy transition for Asia. The prime minister emphasised that this approach is crucial for the region's continued development amid its shift towards renewable energy. In an interview on Bernama TV's 'The Nation' programme today, Che Khalib said the public often associates the National Energy Transition Roadmap (NETR) with solar energy, but Malaysia's ability to scale solar is limited by competing land use and inconsistent sunlight. 'In Malaysia, land is also needed for food production and forest conservation, we are not like the Middle East where you can just build solar farms in the desert, we have to balance our priorities,' he said. He also pointed out that solar energy, while important, cannot be treated as a dependable power source due to weather variability, and stressed the need to improve fossil fuel efficiency in the short- to medium-term, rather than phasing it out entirely. 'Take cars, for example. Thirty years ago, a 2.0-litre engine was considered underpowered. Today, a 1.0-litre car can perform just as well. Similarly, fossil fuel plants must be upgraded to emit less while producing more,' said Che Khalib.
New Straits Times
27-05-2025
- Business
- New Straits Times
Malakoff posts RM34mil net profit on RM2.203bil revenue in Q1
KUALA LUMPUR: Malakoff Corporation Bhd posted a net profit of RM34.0 million for the first quarter ended March 31 2025 compared to RM62.0 million a year ago. Its revenue stood at RM2.03 billion, down RM252.2 million or 11.1 per cent from RM2.28 billion in the corresponding quarter last year. The lower revenue was primarily due to lower energy payments from Tanjung Bin Power Sdn Bhd and Tanjung Bin Energy Sdn Bhd following a reduction in the applicable coal price as well as lower energy payments from Segari Energy Ventures Sdn Bhd in line with a reduced despatch factor. "These factors, along with a lower positive fuel margin at Tanjung Bin, higher net realisable value provision for coal inventories and a reduced contribution from Prai Power Sdn Bhd following the downward tariff revision under the extended power purchase agreement (PPA), impacted the group's net profit," Malakoff said. The group said contribution from environmental solutions was encouraging. Although the tonnes of waste collected under the concession business dropped 0.4 per cent compared to Q1 FY2024, waste handled under the non-concession business increased by 71 per cent year-on-year contributing to the group's net profit for the quarter under review. Malakoff managing director and group chief executive officer Anwar Syahrin Abdul Ajib highlighted its continued momentum in strengthening power generation, expanding its renewable energy (RE) footprint and advancing environmental solutions as part of its strategic shift towards sustainable growth. "We are observing a softening in global coal prices, largely driven by lower demand from major markets such as China and India. "While this trend may result in moderated energy payments from our coal-based assets, we view it as part of the broader global energy transition. 'In line with this, we continue to monitor the current price trend and remain focused on enhancing operational efficiency and plant reliability. These efforts reflect our continued commitment to maintaining business resilience while supporting the nation's energy needs in an evolving market landscape". He said the group continued to focus on its operational performance to ensure sufficient energy consumption for the country. In Q1 FY2025, the percentage of energy sold to the national grid in Peninsular Malaysia was more than 23 per cent of the total electricity generated. This was made possible through improved efficiency mainly due to minimum scheduled outages in the quarter in addition to the unwavering commitment of its site personnel. Malakoff said it continues to strengthen its RE portfolio through strategic financing and project execution. Earlier this year, its wholly-owned Malakoff Power Bhd issued the group's inaugural RM250.0 million Asean Sustainability SRI sukuk Murabahah under a RM1.2 billion Islamic medium-term notes. This is Malakoff's first sustainability offering under its Asean Sustainability SRI sukuk Murabahah and the first of its kind by an independent power producer in Malaysia. The proceeds from the issuance will fund eligible projects under Malakoff's sustainable finance framework, established in December 2023. On the project front, Malakoff Radiance Sdn Bhd formalised a solar PPA with Mardec Bhd for rooftop photovoltaic installations at five sites across Peninsular Malaysia. Malakoff Radiance also signed a second solar PPA with HICOM Automotive Manufacturers (Malaysia) Sdn Bhd, marking its largest single-site solar deployment to date at 4.22 MWp. This builds on the success of the first phase, a 2.0 MWp system at the same Pekan facility, which has reduced grid electricity consumption by about 7.0 GWh and avoided nearly 5,489 tCO2e in emissions, equivalent to the carbon absorption of 261,000 trees". On the environmental solutions front, Alam Flora Environmental Solutions Sdn Bhd in February secured a three-year contract renewal with Keretapi Tanah Melayu Bhd for train cleaning and sleeperette preparation services, reinforcing its strong track record in growing non-concession segments. Subsequently, on Feb 28, Malakoff, through its wholly-owned subsidiary Tuah Utama Sdn Bhd, completed the acquisition of a 49 pecent stake in E-Idaman Sdn Bhd, increasing the group's total effective waste management capacity close to 5,200 tonnes per day. This milestone further supports its long-term goal of managing 10,000 tonnes per day by 2031.
