Malakoff unfazed by failure to secure approval for power plant project

KUALA LUMPUR: Malakoff Corp Bhd is undeterred by its failure to secure approval for the construction of a large-scale solar photovoltaic plant in Tanjung Malim and is determined to bid for the next round of solar project.
"We're not giving up," group managing director Datuk Wira Azhar Abdul Hamid told a press conference after its AGM here today.
The Energy Commission recently revoked its approval for Malakoff for the construction of a 50MW large-scale solar photovoltaic plant in Tanjung Malim following a change in the proposed location.
The project was supposed to be developed by Malakoff together with DRB-Hicom Bhd on a 51:49 basis. However, DRB-Hicom withdrew itself from the project as it was unable to reach mutual agreement on certain terms and conditions with Malakoff.