ENGIE and Sime Darby announce partnership to develop solar energy and integrated facilities management services in Malaysia

ENGIE and Sime Darby announce partnership to develop solar energy and
integrated facilities management services in Malaysia

French Group ENGIE, a global energy player, and Sime Darby, a Malaysia-based
diversified multinational corporation, announce today that they will
co-develop business opportunities in solar energy and high-end,
state-of-the-art integrated facilities management services.

Two non-binding partnership agreements were signed today in Kuala Lumpur, as
part of French President Hollande's visit to Southeast Asia, covering
Singapore, Malaysia and Indonesia, from 26 to 29 March.

"We are pleased to form this strategic partnership with Sime Darby, a most
respected and successful multinational corporation with a strong local
foothold. Our aligned vision on sustainability and performance offers many
opportunities to combine our strengths to positively impact the lives of our
many stakeholders," said Didier Holleaux, Executive Vice President of ENGIE.

The ENGIE Group and Sime Darby will offer high-end and state-of-the-art
integrated facilities management services to mission critical operations
such as airports, hospitals and universities, as well as to luxury retail
developments and hotels.

The companies will also partner to provide reliable low-cost solar PV
energy, thus contributing to Malaysia's ambition to become greener, more
energy efficient and less carbon-intensive.

Toward this end, Tan Sri Dato' Seri Mohd Bakke Salleh, President and Group
Chief Executive of Sime Darby, reiterated: "Our partnership will pave the
way for greater collaboration in the solar and integrated facilities
management space.

With a combination of technical expertise and a deep understanding of the
Malaysian market, we believe this partnership will enable us to
significantly expand into these sectors."

Malaysia's National Renewable Energy Policy and Action Plan (2010) sets
targets for the renewable electricity capacity to reach 2,000 MW by 2020 (10
per cent of total capacity), 3,500 MW by 2030 (13 per cent) and 11,500 MW by
2050 (34 per cent).

President Hollande witnessed the ceremony together with Dato' Sri Mustapa
Mohamed, Minister for International Trade and Industry. Malaysia is one of
France's major economic partners in Southeast Asia.

With commercial exchanges amounting to 3.7 billion euros in 2016, Malaysia
is the fifth-largest trading partner of France in the region with over 270
French companies established in the country.

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Link to Original Article:
http://www.eco-business.com/press-releases/engie-and-sime-darby-announce-par
tnership-to-develop-solar-energy-and-integrated-facilities-management-servic
es-in-malaysia/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com