Malakoff and Concord tie up for biogas-based power projects

Both intend to conduct feasibility studies to evaluate projects for development.

Malakoff Corporation (Malakoff) and Concord Alliance (Concord) signed a joint development agreement that will focus on exploring and developing biogas-based power generation projects.

According to an announcement, both companies intend to conduct feasibility studies for the purpose of evaluating the viability of the projects for development.

Dato’ Ahmad Fuaad said, “The collaboration is intended to harness the biogas generated from the Palm Oil Mill Effluent (POME) to generate electricity which, more importantly, will also avoid the release of the biogas generated by the POME into the atmosphere to preserve the environment.”

“The biogas and biomass-based power generation projects form part of Malakoff’s strategy to expand the renewable energy segment and contribute towards meeting the Government’s target to increase Malaysia’s RE generation capacity to 20% by 2025,” he added.