Japanese industrial group Mitsubishi Heavy Industries, Ltd. (MHI) and Malaysia’s power producer TNB Power Generation Sdn. Bhd. (TNB Genco), have signed a Memorandum of Understanding (MoU) to study and exchange information related to clean energy technologies.
The MoU will help drive the energy transition in Malaysia and support its goal of achieving carbon neutrality by 2050, MHI said in a statement on Wednesday.
Under the MoU, MHI with support from its power solutions brand, Mitsubishi Power, and TNB Genco will conduct studies that examine three key areas related to clean power generation.
These include the hydrogen and ammonia value chain in relation to hydrogen production and supply, logistics, storage and related infrastructure; low carbon fuel co-combustion technology in thermal plants; and CO2 capture.
The partners will also mutually share experiences and information on the specified areas within the MoU.
This could also include sharing experiences and technical know-how on advancing cleaner power generation in Malaysia.
“Mitsubishi Power has been actively involved in Malaysia’s power generation projects since the 1960s,
“We look forward to extending our support and strengthening partnership with TNB Genco to jointly explore capabilities around innovative energy technologies that help accelerate the country’s net zero emission goals,” said Akihiro Ondo, Managing Director and Chief Executive Officer of Mitsubishi Power Asia Pacific.
According to him, this MoU reaffirms the firm’s continued commitment to develop technologies that help its partners in Malaysia and across asia pacific (APAC) deliver a sustainable future.
The agreement extends the longstanding partnership between MHI, Mitsubishi Power and TNB Genco, stepping up efforts to achieve net zero emissions by 2050.
This aspiration is underpinned by a commitment to reduce 35 percent of its emissions intensity as well as 50 percent of its coal generation capacity by 2035.
This MoU follows the Mitsubishi Power Malaysia Technical Seminar 2023 held in January 2023, which involved knowledge-sharing of strategic plans and innovative industry-leading power generation technologies and services to support Malaysia’s energy needs.
MHI is an industrial group spanning energy, smart infrastructure, industrial machinery, aerospace and defense.
The firm combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world.
TNB Genco was incorporated as a wholly owned subsidiary of Malaysian electricity utility Tenaga Nasional Bhd （TNB) in August 2019 and operationalized on in October 2020 to spearhead TNB’s power generation role to provide secure, stable, reliable and sustainable power in contributing to the long-term energy needs of the country with end-to-end (E2E) capabilities ranging from plant development, operation and maintenance (O&M) to end-of-life management.
The firm aims to become a top power generation solutions provider that sustainably delivers value to all stakeholders by focusing on key strategic initiatives: turnaround excellence, productivity uplift and asset ans service expansion whilst sustaining business as usual (BAU) performance within power purchase agreement (PPA) levels.
Moving forward, TNB Genco said it will accelerate plant turnaround program for new fleets and sustain the impact of value uplifts, develop pipeline of new assets plant-ups and service businesses and unlock productivity savings.
Source – Technode