KUALA LUMPUR: Malakoff Corp Bhd and Gas Malaysia Bhd have teamed up to share their expertise and resouces in the undertaking of operations and maintenance services for cogeneration plants in Malaysia.

       In a joint statement, the two utility companies, which are members of the MMC Group, said they will form a joint venture company called Malakoff-Gas Malaysia Cogen O&M Sdn Bhd.

       It said Malakoff’s subsidiary, Malakoff Technical Solutions Sdn Bhd (MTS), will hold a 51% equity interest and the remaining 49% will be owned by Gas Malaysia’s wholly-owned subsidiary, Gas Malaysia Ventures 1 Sdn Bhd.

       MTS is a full-fledged global O&M service provider for power and water desalination plants and has established its footprint in Malaysia, ASEAN and MENA.

       “This is a great opportunity for Malakoff to further expand our good track record in the O&M business segment.

       "We welcome Gas Malaysia’s participation as our partner, as their vast experience will bring more opportunities and synergies to the JVCo,” said Malakoff managing director and CEO Anwar Syahrin Abdul Ajib.

       Gas Malaysia group CEO Ahmad Hashimi Abdul Manap added that strategic alliances are an increasingly vital element in its long-term growth strategy, and the partnership will further solidify its presence in the market.