KUALA LUMPUR – Maharani Energy Gateway project continues to grab the attention of international companies after it secured a US$2 billion investment from China Energy Engineering Corp. Ltd. through its international subsidiary. The Fortune 500 multinational corporation from China has agreed to invest in Renewable Energy at the Maharani Energy Gateway Free Trade Zone in Muar, Johor, marking another milestone achievement for the development of green technology in Malaysia .

Two Collaborative Framework Agreements were signed between Maharani Energy Gateway Sdn Bhd (MEG) and CEIG (M) Sdn Bhd. Witnessed by Investment, Trade and Industry Minister, YB Senator Tengku Datuk Seri Utama Zafrul Aziz, the signing ceremony saw MEG Executive Chairman, Yang Berhormat Dato’ Dr. Daing A Malek Bin Daing A Rahaman and CEIG Vice President of Southeast Asia Regional Headquarters, Ms. Fan Yi exchanging the documents. The agreements envision the construction of a Combined Cycle Gas Turbine (CCGT) Power Plant and Green Hydrogen & Green Ammonia Plant.

Tengku Zafrul, in his speech said, “Policies such as the New Industrial Master Plan 2030 and New Energy Transition Roadmap have resulted in many foreign parties forging collaborations with our domestic players to drive the nation’s greener future, such as the one between Maharani Energy and CEIG. Their Combined Cycle Gas Turbine, Green Hydrogen and Green Ammonia facilities at the Maharani Energy Gateway will certainly complement the surrounding oil and gas, petroleum and petrochemical industries in Johor, while helping to position Malaysia as a RE-focused and sustainable regional energy hub and eco-system. Most importantly, we welcome the impactful spillovers from MEG, including employment opportunities for our people, supply chain prospects for our SMEs, as well as Malaysia’s improved trade and investment opportunities with China.”

According to CEIG, the Green Hydrogen Plant which will use renewable energy sources such as solar and wind to produce hydrogen, would be the largest to date in Malaysia. “The CCGT Power Plant will use natural gas and hydrogen to generate electricity, which can be exported to the national grid or neighbouring countries, “ says Dato’ Dr. Daing A Malek.

Dato’ Dr Daing A Malek also stressed that 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. The collaboration also aligns with Malaysia’s plan to increase the target for installed renewable energy capacity from 40 per cent in 2040 to 70 per cent by 2050.

“Green Energy projects are not only crucial for Malaysia’s commitment to reducing carbon emissions but also for ensuring energy security, driving economic growth and creating job opportunities. They are a key part of the country’s strategy to transition to a sustainable, low-carbon future,” adds Dato’ Dr Daing A Malek.

The Maharani Energy Gateway Project is a sea reclamation project off the coast of Muar, Johor. The MEG aims to create an energy hub and deep-sea port by building three man-made islands covering an area of 1,295 hectares square. The project will create 45,000 job opportunities.