TRANSFROMATION of waste-to-energy can be a sustainable income generator for civil, mechanical and electrical servicing outfit Pasukhas Group Bhd if its bid for a waste treatment plant project in Melaka is fruitful.
Yesterday (Sept 9), Pasukhas signed a memorandum of understanding (MOU) with Perbadanan Ketua Menteri Melaka and Proto Three Sixty Sdn Bhd to collectively tender for a public-private partnership (PPP) project for the construction and operation of a waste treatment plant/waste-to-energy plant (WTE) in Sungai Udang, Melaka.
The proposed WTE plant has the ability to treat municipal solid waste of up to 800 metric tonnes (MT) daily.
Initial feasibility reports show that the capacity of 800MT per day will yield approximately 18 megawatt/hour of electrical energy which translates to about RM129,600/day of energy at an average cost of 30 sen/kwh as a benchmark.
The consortium will tender for the project which will vest the project winner a three-year construction cycle and a 25-year operation tenure. The facility which comes in a build, operate and transfer (BOT) model will be handed back to the Melaka State Government once the 25-year concession period has ended.
The MoU also outlines the participation of Pasukhas Group as lead member of the consortium, responsible for all the business of the consortium as well as in-charge of the construction, technology provision, financing and operational matters should the award materialises.
Moreover, the Pasukhas Group will also be the majority shareholder of the consortium.
“This project will also be in line with the Malaysian Department of Energy’s emissions standard, utilising the latest in waste-to-energy (WTE) technology,” noted the company. “It will be earmarked as a flagship and standard bearer PPP-based renewable energy project.”
At 9.20am, Pasukhas was up 0.5 sen or 5% to 10.5 sen with 1.1 million shares traded, thus valuing the company at RM122 mil. – Sept 10, 2021
