Malaysian Perak state government-linked company (GLC) Majuperak Holdings Berhad has inked a memorandum of understanding (MoU) with Japanese renewable energy firm Shizen International Inc. for solar development initiative in Perak, a state of Malaysia.

Majuperak said in a statement on Thursday that the MoU has twofold objective – delving into the development of ground-mounted solar photovoltaic projects and assessing potential bodies of water suitable for floating solar photovoltaic projects within the state of Perak.

According to Syed Agil Syed Hashim, Group Chief Executive Officer of Majuperak, the partnership with Shizen offers significant potential for Perak.

He sees Shizen as an ideal partner due to their expertise and proven track record.

“This collaboration promises the advancement of renewable energy and positive outcomes for local communities, including job creation, technology sharing, and economic

“By joining forces with Shizen Energy Japan, a renowned leader in the renewable energy sector, we are poised to leverage our collective expertise and resources to accelerate the adoption of clean energy technologies in our region,” he added.

It is noted that Shizen International, a subsidiary of Shizen Energy Inc., has been actively engaged in developing and operating renewable energy facilities across Asia, Oceania, and Latin America, encompassing solar and wind power plants since its inception in 2020.

The Shizen Energy Group has successfully developed 1,321.7 MW of renewable energy capacity in Japan and internationally.

Under this MoU, Majuperak and Shizen International will join forces to explore potential ground-mounted or floating solar projects in Perak.

This collaboration involves conducting initial feasibility studies and mutually exploring investment opportunities.

Shizen Energy Inc. is based in Fukuoka City, which shares a sister city relationship with Ipoh, Perak.

Since signing a sister city agreement in 1989, these two cities have fostered robust educational and cultural exchanges.

“We anticipate significant progress resulting from this MoU, as we are fully prepared to advance renewable energy generation in Perak,

“This initiative aligns with the National Energy Transition Roadmap (NETR), which seeks to enhance sustainable energy production in the country while also fulfilling Majuperak’s role as a leader in renewable energy under the Perak Sejahtera 2030 agenda,” said Redza Rafiq Abdul Razak, Chief Executive of Perbadanan Kemajuan Negeri Perak (PKNPk) and Executive Chairman of Majuperak.

The Chief Minister of Perak Saarani Mohamad said that transitioning to sustainable practices necessitates joint action, and this partnership aligns with Perak’s dedication to green technology and its efforts to attract investment through Flagship 12: Renewable Energy.

According to the statement, Majuperak and Shizen International are dedicated to thoroughly investigate Perak’s solar energy generation opportunities, encompassing ground-mounted and floating solar projects.

This MoU represents a pivotal stride toward a more sustainable regional future, said the statement.

Majuperak is a GLC who has diverse portfolio that includes property development and infrastructure, asset and facilities management, renewable energy, and trading and commercial ventures.

The company was founded in 1976 and listed on Bursa Malaysia in 2007. It is a subsidiary of PKNPk.

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