Malakoff : inks MoU with KOEN to adopt best practices and new technologies for energy generation.

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NEWS RELEASE FOR IMMEDIATE PUBLICATION MALAKOFF INKS MOU WITH KOEN TO ADOPT BEST PRACTICES AND NEW TECHNOLOGIES FOR ENERGY GENERATION Kuala Lumpur, Malaysia - 24 July 2024: A wholly-owned subsidiary of Malakoff Corporation Berhad ("Malakoff"), Malakoff Power Berhad ("MPB"), has inked a Memorandum of Understanding ("MoU") with Korea South-East Power Company ("KOEN") to explore potential collaborations. This MoU aims to facilitate the exchange of information, experiences and best practices in the operation and maintenance of power plants, including supply chain management, site visits, technical workshops and training. The MoU documents were exchanged by Malakoff's Senior Vice President of the Local Generation Division, Encik Mohd Kopli Yunus and KOEN's General Manager, Mr. Jung Chungho and witnessed by Department of Occupational Safety and Health ("DOSH") Selangor's Director Yang Berusaha ("Ybrs.") Ir. Ahmad Jailani Mansor, Malaysian Association of Engineers ("MAE") President Ybrs. Datuk Ir. Ts. Feroz Hanif Mohamed Ahmad and Malakoff's Managing Director & Group Chief Executive Officer ("MD & GCEO") Encik Anwar Syahrin Abdul Ajib, at the HRSG and Power Conference 2024, held at Four Points by Sheraton in Puchong yesterday. Through this MoU, both parties can leverage each other's expertise. MPB offers extensive experience in the meticulous operation and maintenance of Malaysia's power plants, currently managing Malakoff's assets in Johor, Perak, and Penang. At the same time, KOEN excels in the development and operation of electric power resources, including power plants and related facilities. KOEN is an energy public corporation established during South Korea's power industry restructuring in April 2001, supplies about 10% of the country's electricity. Its facilities include coal, biomass, LNG-fired power plants, and renewable energy technologies. Malakoff's MD & GCEO Encik Anwar Syahrin Abdul Ajib emphasised that this collaboration will enable the Malakoff Group to adopt new technologies, enhancing operational efficiency and contributing to the Nation's energy security. "This collaboration will enable us to adopt best practices for managing and enhancing power plant assets, including adapting to the integration of Renewable Energy ("RE") into the grid and planning for biomass fuel use. As we aim to incorporate 5% biomass into our 2,100 MW Tanjun...

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