CEO Morning Brief

Sime Darby Property, TNB Seal MOU on Solar Energy Initiatives

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Publish date: Fri, 22 Sep 2023, 08:52 AM
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TheEdge CEO Morning Brief
From left: TNB programme director (PMO Electric Vehicle) Wan Ahmad Zam Zam Wan Abd Wahab, GSPARX Sdn Bhd MD Elmie Fairul Mashuri, TNB chief operating officer Datuk Megat Jalaluddin Megat Hassan, TNB chief retail officer Kamal Arifin A Rahman, TNB chairman Datuk Abd Razak Abdul Majid, Sime Darby Property CEO - Property Development Datuk Mohd Sohimin Mohd Alayedin, TNB president and CEO Datuk Baharin Din, Sime Darby Property chairman Rizal Rickman Ramli and Sime Darby Property group MD Datuk Azmir Merican

KUALA LUMPUR (Sept 21): Sime Darby Property Bhd has signed a memorandum of understanding (MOU) with Tenaga Nasional Bhd (TNB) to integrate rooftop solar solutions in the group’s townships and developments.

In a statement on Thursday (Sept 21), Sime Darby Property group managing director Datuk Azmir Merican said the collaboration is a step towards transitioning the real estate industry towards renewable energy. “It also signifies our commitment to reducing our carbon footprint and playing our role in the nation’s green agenda.”

The partnership involves a residential solar pilot project, which includes the leasing of rooftop spaces or implementation of rooftop solar solutions on up to 1,000 existing and future properties in the City of Elmina or other potential townships.

Additionally, Sime Darby Property and TNB will explore the implementation of electric vehicle charging infrastructure within townships and/or developments by the group. Both parties will also look into microgrid solutions in townships, managed industrial parks and land banks within Sime Darby Property, read the statement.

“Renewable energy involves more than just producing electricity and tackling the issue of finite resources. It is about fostering an environmentally and socially conscious mindset. By pursuing sustainability-focused initiatives, we will support Malaysia’s efforts to meet its clean energy goals and uphold our Purpose to be a Value Multiplier for People, Businesses, Economies, and the Planet,” added Azmir.

Source: TheEdge - 22 Sep 2023

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