Malakoff Corp Bhd has signed a joint development agreement with Concord Alliance Sdn Bhd today to explore and develop biogas based power generation projects. Under the collaboration, both parties intend to collaborate with each other to jointly develop, operate and maintain renewable energy projects including biogas and biomass based power generation to be jointly identified by the parties. The agreement was signed by Malakoff’s chief executive officer Datuk Ahmad Fuaad Kenali and Concord executive director Datuk Khairuddin Mohd Hussin. Both parties have agreed to conduct feasibility studies for the purpose of evaluating the viability of the projects for development. Ahmad Fuaad said the collaboration is intended to harness the biogas generated from the Palm Oil Mill Effluent (POME) to generate electricity which, more importantly, will also avoid the release of the biogas generated by the POME into the atmosphere to preserve the environment. .

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New Straits Times