KUALA LUMPUR: Semarak Renewable Energy Sdn Bhd (Semarak RE) and PowerChina International Ltd's unit, China Hydropower (Malaysia) Co Ltd., have signed a RM1.88 billion agreement to develop Malaysia's first large-scale green hydrogen production project utilising floating photovoltaic power generation.
The general contracting agreement was signed between Semarak RE chairman Mohammad Shahil and PowerChina's Asia- Pacific Regional Headquarters assistant general manager, and deputy general manager Ye Haoliang.
The venture in Perak will involve the development of green hydrogen production and storage by deploying floating photovoltaic power generation, contributing to the shift towards sustainable energy.
The project's key objectives include the design, procurement, and construction of floating photovoltaics, hydrogen production units, and hydrogen storage units.
"PowerChina is utilising its expertise in the new energy sector, promising to accelerate the planning and construction of the project, underscoring its dedication to supporting Semarak in becoming a trailblazer in Malaysia's green hydrogen industry," PowerChina's Asia-Pacific Regional Headquarters assistant general manager and deputy general manager Ye Haoliang said.
Since entering the Malaysian market in 1993, PowerChina has successfully undertaken over 150 projects with a total contract value exceeding US$7 billion.
Notable projects include the Bakun Hydropower Station.