Malaysia: Chinese, Malaysian companies agree to build waste-to-energy plant in Malacca

Malaysia: Chinese, Malaysian companies agree to build waste-to-energy plant
in Malacca

Malaysian timber industry company BTM Resources Bhd (BTM) has entered into a
memorandum of understanding with China Western Power International and
Sichuan No 2 Electric Power Construction Company (Sichuan Power) to set up a
waste-to-energy plant in Malacca.

BTM outlined the details of the project in an announcement to Bursa Malaysia
on April 17. The three companies will jointly invest in the power generation
project via a special purpose vehicle. The plant will have a capacity of
around 1,000 tonnes per day, and will cost 435 million ringgit (US$100
million).

BTM said its obligation is to secure a waste disposal concession of not less
than 25 years from the Malacca government, as well as suitable tipping fees
and a power purchase agreement. It is also required to identify, propose and
procure a suitable site for the plant.

The stock exchange statement added that China Western Power and Sichuan
Power will be responsible for the entire funding cost of the engineering,
procurement, construction and commissioning of the power generation project.

It added that the collaboration will serve as a platform for the company to
tap into "the reputation, experience and standing of Sichuan Power in power
generation projects," while also diversifying the income stream of BTM
Group.

China Western Power is involved in the business of investment, engineering,
business and management services in clean energy. Sichuan Power is a
subsidiary of PowerChina, one of China's biggest multinationals, with
construction projects in Africa and South America as well as across Central
Asia and Southeast Asia.

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Link to Original Article:
https://www.theasset.com/belt-road-online/32776/chinese-malaysian-companies-
agree-to-build-waste-to-energy-plant-in-malacca?id=32776&subm=belt-road-onli
ne

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com