Maharani Energy Gateway to promote green energy initiatives

 

The Maharani Energy Gateway project - with a total investment of US$2 billion (RM9.4 billion) to be built in Muar, Johor - is set to promote Malaysia’s green energy initiatives further and boost the country’s trade and investment opportunities with Chinese companies - said Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz.

The project is a collaboration between Maharani Energy Gateway Sdn Bhd (MEG) and China Energy International Group (CEIG) Sdn Bhd to build a combined cycle gas turbine (CCGT) power plant and a green hydrogen and green ammonia plant.

Zafrul emphasised that the government is encouraging more world-renowned entities like CEIG to invest in new ideas and businesses that could be Malaysia’s next big breakthroughs.

“This will help catalyst new wealth creation while promoting the nation’s sustainable development goals,” he said after witnessing the signing of two collaborative framework agreements between MEG and CEIG yesterday.

Zafrul said policies such as the New Industrial Master Plan 2030 and the New Energy Transition Roadmap have resulted in many foreign parties forging collaborations with domestic players to drive the nation’s greener future.

“The signing between MEG and CEIG and their CCGT, green hydrogen and green ammonia facilities at the Maharani Energy Gateway will complement the surrounding oil and gas, petroleum and petrochemical industries in Johor - notably Pengerang, Tanjung Bin, Tanjung Langsat and Pasir Gudang.

“It will also help to position Malaysia as a renewable energy-focused and sustainable regional energy hub and ecosystem,” he added.

Joint venture

Meanwhile, MEG executive chairperson Daing A Malek Daing A Rahaman said the CCGT power plant will use natural gas and hydrogen to generate electricity, which can be exported to the national grid or neighbouring countries.

“The joint venture project will complement Malaysia’s green energy initiative, which includes various programmes and policies to promote the development and adoption of renewable energy sources,” he said.

The Maharani Energy Gateway Project is a sea reclamation project off the coast of Muar, Johor.

The project aims to create an energy hub and deep-sea port by building three artificial islands covering an area of 1,295 sq ha, creating 45,000 job opportunities.

- Bernama