Gas Malaysia and Tokyo Gas form CHP JV

Natural gas distributor Gas Malaysia will expand into the energy business by teaming up with Tokyo Gas’ Energy Advance Co Ltd to provide electricity and steam through a combined heat and power (CHP) system to industries in Malaysia.

Gas Malaysia said the joint venture is in line with its overall strategy of maintaining its key position to be an innovative value added energy solution provider.

Gas Malaysia will lead a 66:34 JV together with Tokyo Gas Co Ltd’s subsidiary, Energy Advance Co Ltd (ENAC), to develop and operate the CHP system.

Gas Malaysia CEO Datuk Syed Faisal Albar said at least one plant will be built within two years and the company has identified suitable customers in the northern and central region.

The CHP system will allow local industrial customers to better manage the utilisation of their energy requirement thereby reducing carbon emission and overall energy cost by 20%.

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