PETALING JAYA: Malaysian sustainable power options supplier Jentayu Sustainables Bhd (JSB) is to work with Japan’s Sumitomo Company to discover potential joint developments, investments and operational alternatives.
A memorandum of understanding (MoU) that can pave the best way for the cooperation between the 2 was signed on the Sumitomo headquarters in Tokyo yesterday.
The trouble is geared toward driving JSB’s renewable power tasks, the 2 firms mentioned in a joint press assertion.
Beneath the deal, each firms will discover a number of areas the place there’s potential for collaboration.
These embody a joint-venture and capital allocation into JSB’s current and potential renewable energy plant tasks, cooperative administration of associated tasks and shared funding and growth of upcoming renewable power initiatives, the assertion mentioned.
The final word objective, they added, is to ascertain a “sturdy and resilient renewable power ecosystem in Malaysia and the area”.