This is the firm's first entry into the O&M of renewable energy assets.
Teknik Janakuasa Sdn Bhd, a wholly-owned subsidiary of Malakoff Corporation Berhad, a member of MMC Group, has secured an Operation and Maintenance contract with a large scale solar photovoltaic power plant in Kota Tinggi, Johor, with a capacity of 29MWac.
The O&M Agreement was signed between ZEC Solar Sdn Bhd, which secured the project via first round of LSS competitive tender issued by the Energy Commission, and a consortium comprising TJSB and Zelleco Engineering Sdn Bhd for a period of 21 years starting from December 2018. The main scope of the OMA is to perform and provide services in relation to the operation, maintenance and repair of the said solar plant.
The TJSB-Zelleco Consortium will incorporate a special purpose O&M company to carry out its services and obligations under the OMA. The OMCO is obliged to meet the standard performance guarantee for the solar PV plant’s operation.
Commenting on the agreement, Malakoff’s Chief Executive Officer, YBhg Dato’ Ahmad Fuaad Kenali said, “Clearly, TJSB has been chosen due to its vast experience in operating and maintaining power generation facilities locally and abroad. TJSB currently operates & maintains six (6) power plants in Malaysia and three (3) overseas.”
“This agreement marks Malakoff’s first foray into the O&M of renewable energy assets and also means that our O&M business has now expanded to include both thermal,
or conventional, and renewable energy power generation.”
With regards to renewable energy, Malakoff currently owns a 50% stake in Macarthur Wind Farm in Victoria, Australia, with an effective generation capacity of 210MW. Earlier this year, Malakoff also signed a memorandum of understanding with Touch Meccanica Sdn Bhd to collaborate in the development of several renewable energy projects, particularly in large scale solar photovoltaic and small hydro power plants in Pahang Darul Makmur.
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