Malakoff Corp Bhd is expected to invest RM2.5 billion to develop 500 MW of solar projects within the Albukhary Group of Companies over five years.
The diversified business group comprises the MMC Group, DRB-Hicom and Tradewinds Plantation, among others. Malakoff and MMC Ports have signed a memorandum of understanding (MoU) to undertake business exploration in various green power initiatives with investments worth RM350 million.
This includes but is not limited to any solar scheme under the government’s initiative such as the Corporate Green Power Program (CGPP), Self-Consumption (SelCo), cold ironing or shore-to-ship power supply, installation of electric vehicle charging stations and others.
