From left: Citaglobal Bhd executive chairman and president Tan Sri Mohamad Norza Zakaria,Investment, Trade and Industry Minsiter Tengku Datuk Seri Zafrul Abdul Aziz, Ambassador of the United Arab Emirates (UAE) to Malaysia Khalid Ghanim Mohammed Alghaith and Masdar head of development and investment Abdulla Zayed.
KUALA LUMPUR: Citaglobal Bhd
together with its subsidiary companies and Abu Dhabi Future Energy Company PJSC (Masdar), the UAE’s clean energy powerhouse, have signed a memorandum of understanding (MoU) for the joint development of renewable energy projects across solar, battery energy storage system (BESS), wind and other renewable energy technologies.
Citaglobal and Masdar will join forces to develop projects across the renewable energy mix in Pahang. This includes exploring solar, battery energy storage system (BESS), wind and other renewable energy technologies. Malaysia is targeting net-zero emissions by 2050.
In a statement, Citaglobal said its wholly owned subsidiaries involved in this deal include Citaglobal Energy Sdn Bhd, Citaglobal Powergen Sdn Bhd and its 50:50 joint control company, Citaglobal Genetec BESS Sdn Bhd (CG BESS).
“Over the past decade, Masdar has pioneered commercially viable solutions in clean energy, sustainable real estate and clean technology in the UAE and around the world. By collaborating with a leading energy transition player, we will make faster progress towards our climate targets, besides building our long term energy requirements in a responsible and cost efficient manner,” Citaglobal executive chairman and president Tan Sri Mohamad Norza Zakaria said.
Meanwhile, Masdar chief executive officer Mohamed Jameel Al Ramahi said it looked forward to pioneering energy solutions to reduce emissions in Malaysia and the region.
“As the UAE looks ahead to hosting the UN climate change conference, COP28, later this year, Masdar is proud to be working with partners to advance clean energy solutions around the world.
“Southeast Asia is a key investment destination for Masdar. The company has developed the region’s largest floating solar facility in Indonesia - the 145MW Cirata Floating Solar PV plant – which will generate enough electricity to power 50,000 homes. In February 2023, the UAE’s clean energy powerhouse entered the geothermal energy sector through a strategic investment in Indonesia’s Pertamina Geothermal Energy,” Mohamed Jameel said.
