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14 August 2018, Kuala Lumpur –Tanjung Bin Power Sdn. Bhd. (“TBPSB”), a subsidiary of Malakoff Corporation Berhad (“Malakoff”), a member of MMC Group, today has entered into a Coal Ash Offtake Agreement (“Agreement”) with G-Cast Concrete Sdn. Bhd. (“G-Cast”) for the collection of coal ash from its Tanjung Bin Power Plant (“TBPP”) in Pontian, Johor Darul Takzim. With the agreement, G-Cast will collect coal ash from TBPP for a period of ten (10) years, with an option to extend for an additional three (3) years.
The said Agreement will take into effect after G-Cast obtains all the necessary approvals from the authorities, within six (6) months from the signing of the Agreement.
Commenting on the Agreement, Malakoff’s Chief Executive Officer, YBhg Dato’ Ahmad Fuaad Kenali said, “The third-party offtake agreement is part of Malakoff’s sustainability initiatives to recycle the ash generated from the 2,100MW coal-fired power plant into construction material such as sand replacement as practiced in Europe and Japan.”
“In addition, this is also part of Malakoff’s long-term plan to avoid the need for continuous expansion of the ash ponds and to save costs related to expansion and maintenance of the ash ponds,” he added.
G-Cast is a wholly-owned subsidiary of Starken AAC Sdn Bhd, which in turn is a wholly-owned subsidiary of Chin Hin Group Berhad (publicly listed company). G-Cast specialises in manufacturing of wide range of pre-cast concrete products and has five (5) factories located in Perak, Selangor and Johor.