French Group ENGIE, a global energy player, and Sime Darby, a Malaysia-based diversified multinational corporation, announce today that they will co-develop business opportunities in solar energy and high-end, state-of-the-art integrated facilities management services.
Two non-binding partnership agreements were signed today in Kuala Lumpur, as part of French President Hollande’s visit to Southeast Asia, covering Singapore, Malaysia and Indonesia, from 26 to 29 March.
“We are pleased to form this strategic partnership with Sime Darby, a most respected and successful multinational corporation with a strong local foothold. Our aligned vision on sustainability and performance offers many opportunities to combine our strengths to positively impact the lives of our many stakeholders,” said Didier Holleaux, Executive Vice President of ENGIE.
The ENGIE Group and Sime Darby will offer high-end and state-of-the-art integrated facilities management services to mission critical operations such as airports, hospitals and universities, as well as to luxury retail developments and hotels.
The companies will also partner to provide reliable low-cost solar PV energy, thus contributing to Malaysia’s ambition to become greener, more energy efficient and less carbon-intensive.
Toward this end, Tan Sri Dato’ Seri Mohd Bakke Salleh, President and Group Chief Executive of Sime Darby, reiterated: “Our partnership will pave the way for greater collaboration in the solar and integrated facilities management space.
With a combination of technical expertise and a deep understanding of the Malaysian market, we believe this partnership will enable us to significantly expand into these sectors.”
Malaysia’s National Renewable Energy Policy and Action Plan (2010) sets targets for the renewable electricity capacity to reach 2,000 MW by 2020 (10 per cent of total capacity), 3,500 MW by 2030 (13 per cent) and 11,500 MW by 2050 (34 per cent).
President Hollande witnessed the ceremony together with Dato’ Sri Mustapa Mohamed, Minister for International Trade and Industry. Malaysia is one of France’s major economic partners in Southeast Asia.
With commercial exchanges amounting to 3.7 billion euros in 2016, Malaysia is the fifth-largest trading partner of France in the region with over 270 French companies established in the country.