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KUALA LUMPUR: Independent power and water producer Malakoff Corp Bhd, is allocating RM12mil for corporate social responsibility (CSR) programmes over the next three years.
Chairman Tan Sri Abdul Halim Ali, said the IPP would focus a substantial amount on education, environment and sports under the Malakoff Community Partnership programme.
“This is our long-term commitment to become a responsible and active participant of our community,” he said at the launch of its CSR programme by Women, Family and Community Development Minister Datuk Seri Shahrizat Abdul Jalil yesterday.
Halim also said Malakoff spent RM10mil this year, including RM4.8mil for human capital development and RM3.5mil for the initial kick-off of the programme.
He also said Malakoff, the country’s largest IPP with net generating capacity of 5,020 megawatts from its six power stations, would place its community outreach programme under a single and comprehensive programme to make it more effective.
Meanwhile, Shahrizat said the economic downturn should not be used as an excuse by companies to remove CSR programmes from their priority list. “CSR is not always about money. It’s about committment, time, ideas and dedication and that is what we want now,” she said.