Deals Counterparts

Malakoff Evergreen

company 1 Deal 2 Partners

Malakoff Corporation Berhad, through its 'Malakoff Evergreen' initiatives and Malakoff Green Solutions arm, is a leading Malaysian independent power producer focused on diversifying its portfolio towards renewable energy and environmental solutions. The company develops, owns, and operates power generation assets, including thermal, solar, hydro, and waste-to-energy, with a strategic emphasis on sustainable growth and reducing its carbon footprint.

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Founded 1996
Independent Power ProducerDeveloperOperatorInvestor

Strategic Overview

  • Malakoff is actively pursuing a strategic shift towards a greener portfolio, aiming for 1,400 MW of renewable energy capacity by 2031.
  • The company leverages its expertise in power generation to expand into integrated environmental solutions, including waste management and waste-to-energy.
  • Focus on domestic growth in Malaysia for renewable energy, while maintaining international presence in conventional power and water desalination.

Deal Activity from Public Sources

Malakoff Green Solutions (MGS) completed the acquisition of a 49% equity stake in a 29MWac large-scale solar (LSS) project in Merchang, Terengganu, Malaysia.
Acquisition Solar PV Malaysia November 2023 29 MW with Zelleco Engineering Sdn Bhd
Malakoff Green Solutions (MGS) acquired a 51% equity stake in a 29MWac large-scale solar (LSS) project in Merchang, Terengganu, Malaysia.
Acquisition Solar PV Malaysia May 2022 29 MW with Zelleco Engineering Sdn Bhd
Malakoff announced the commercial operation of its 50MWac large-scale solar (LSS) project in Kuala Langat, Selangor, Malaysia.
Development Solar PV Malaysia March 2021 50 MW

Investment Focus

Technologies
Solar1
Geography
Malaysia1

Key People

Anwar Syahrin Abdul Ajib
Managing Director / Chief Executive Officer
Mohd Zulkifli Bin Othman
Chief Financial Officer

Track Record

6,300
MW Total
28
Years Active
Notable projects: Tanjung Bin Power Plant (2,100 MW), Tanjung Bin Energy Power Plant (1,000 MW), LSS Mukim Tanjung 12 Solar Farm (50 MWac)

Detailed Analysis

Technologies
Solar PVHydropowerWaste-to-EnergyThermal Power (Gas)Thermal Power (Coal)Desalination
Sectors
UtilitiesEnergy Transition
Geographies
MalaysiaSaudi ArabiaBahrainOman
Deal Stage
GreenfieldBrownfieldOperating

Subsidiaries

Malakoff Green Solutions Sdn BhdAlam Flora Sdn Bhd
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