The independent power producer said it will be leveraging its decades-long expertise in CCPP O&M, offering its services to three power plants with a total capacity of about 1,500 megawatts.

“This marks Malakoff’s inaugural venture into securing H-class O&M projects, opening avenues to further expand its expertise in H-class technology and thereby positioning itself for the growing demand in CCPP within Malaysia,” the company said in a statement.

The H-class technology is among the latest technologies in gas turbines, which have seen significant evolution and engineering advancements aimed at reducing carbon emissions and supporting the modern requirements of flexible power generation.

Malakoff managing director and group CEO Anwar Syahrin Ajib said the partnership serves as a testament to the group’s dedication to broadening its technical expertise internationally, while relentlessly pursuing operational excellence.

“We have a highly skilled team and one of our main focuses in O&M is to team up with partners strategically to elevate competitiveness and optimise our business performance.

“I am confident that by mobilising our experts to these CCPP projects in Bangladesh, we will not only enhance the performance of these plants but also provide our team with valuable exposure to new technologies,” he said.

Malakoff said the partnership aligns with its newly established business pillar, Malakoff Energy, which ensures a dependable and cost-effective energy supply through quality energy management services, while also promoting energy conservation and effectiveness.

“Malakoff Energy is one of the three strategic business pillars, alongside Malakoff Green Solutions and Malakoff Environmental Solutions, that constitute the foundation of Malakoff’s operations,” it added.

As at 1.40pm, Malakoff’s share price was up by 0.5 sen or 0.77% at RM0.655, giving the group a market capitalisation of RM 3.25 billion.