Malaysia: Maser, Uitm Holdings, IHI Corp Collaborate To Explore Cogeneration Business

Malaysia: Maser, Uitm Holdings, IHI Corp Collaborate To Explore Cogeneration
Business

Maser (M) Sdn Bhd, UiTM Holdings Sdn Bhd and IHI Corp are immediately
looking at three cogeneration power plants worth up to RM200 million in
totals across Peninsular Malaysia, following their collaboration to explore
the business in Malaysia.

Maser chief executive officer Mohd Fadzli Sharif said these cogeneration
power plants will generate 30 megawatt (MW) electricity in total, to be
supplied directly to potential clients in the automotive sector.

"We are currently in talks with at least three automotive giants in Malaysia
for the cogeneration plants and expect to finalise the proposals, together
with getting the necessary approvals, by next year," he told reporters after
the signing ceremony here today.

Maser, UiTM Holdings and IHI have entered into a Memorandum of Understanding
(MoU) to collaborate in spurring the development of cogeneration business in
Malaysia.

The companies said the signing of this MoU signals a commitment by the three
parties to mutually work together in pursuing future and potential
cogeneration business prospects in the country.

They said the aim is to focus on industries such as automotive and
manufacturing, while strengthening the existing tripartite relations.

UiTM Holdings, as the co-investor and co-financier will join forces with
Maser, a local company which specialises in the oil and gas sector,
infrastructure development, energy, industrial automation businesses and
engineering project.

With this business collaboration between Maser and UiTM Holdings, the
joint-effort and initiatives taken by the two parties making use of each
other's resources and expertise will certainly help in developing a series
of cogeneration development projects.

UiTM Holdings, fully-owned by University Teknologi MARA, has strong focus in
the energy sector especially in the area of renewable energy efficiency
after having won the bid organised by the Energy Commission to develop, own
and operate a 50 MW solar photovoltaic power plant.

IHI, as the leading solution provider of power generating products including
gas turbines, diesel engines and gas engines, will be responsible for
providing the technical support for the Maser-UiTM Holdings' business
development initiatives for the projects identified.

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Link to Original Article:
http://www.malaysiandigest.com/business/686357-maser-uitm-holdings-ihi-corp-
collaborate-to-explore-cogeneration-business.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com