Malaysia’s renewable energy (RE) solutions provider Samaiden Group Bhd on December 19 announced that its wholly-owned subsidiary Samaiden Sdn Bhd had entered into a partnership agreement with Phnom Penh-based Management Venture Asia (Cambodia) Ltd (MVA) to tap into the clean-energy potential in the Kingdom.
Under the agreement, the two companies will seek business opportunities in the field, to contribute to the Kingdom’s energy development plans.
Chow Pui Hee, managing director of the Kuala Lumpur-listed Samaiden Group, sees cooperation with MVA as a useful springboard for further regional expansion.
“We’re looking forward to [collaborating] with MVA, given their strong presence in Cambodia. Expanding in Southeast Asia is part of our [five-year] plan, given the region’s growing population and its geographical advantages,” she said in a company statement.
“We firmly believe the partnership with MVA will ensure our expansion plans in Cambodia are focused. We are honoured to have MVA as our business partner in the development of clean energy in the country, given its vast experiences and network in clean energy infrastructure,” Chow added.
MVA director Salah Essa believes the partnership will bring more expertise to the table, to ensure sustainability in the Kingdom’s RE sector.
“We are looking forward to this collaboration with Samaiden in the renewable and sustainable energy businesses in Cambodia and hope to draw on their industry experience and skills to make this venture successful [in the interest of] nation[al] growth]”, and ensure conformity with the Kingdom’s initiatives towards net zero emissions by 2050, he said in the statement.
Identifying its new partner as “a business consultancy and clean energy project developer”, Samaiden Group said the MVA “is primarily engaged in facilitating business ventures and taking products to market, and market research throughout Asia.
“The company has successfully completed developing a 20MW ground-mounted solar project in Bavet [town, Svay Rieng province, and] the project was awarded a power purchase agreement by the Electricite du Cambodge in August 2019,” it added.
