Energy Sector is the Group’s diversification from an investment in the first-generation independent power plant towards an active participation in multiple energy-related businesses. In line with Malaysia’s power generation plan in strategizing the power capacity mix to ensure access to affordable, reliable and sustainable energy for all, these initiatives will also contribute to Malaysia’s aspiration to increase the share of the country’s renewable energy in its installed capacity to 31% in 2025 and 40% in 2035.
Our first venture in the Energy sector began in 1994 with 25% shareholding at Genting Sanyen Power Plant (now known as Kuala Langat Power Plant). Today, Worldwide Holdings’ involvement in Energy covers both thermal and renewable energy businesses namely hydro, solar and biogas.
Kuala Langat Power Plant (KLPP)
Worldwide Holdings owns 25% equity interest in Kuala Langat Power Plant (KLPP). KLPP, an independent power producer, is the owner and operator of a 762 MW co-generation power plant at Kuala Langat, Selangor.
The electricity generated is sold to Tenaga Nasional Berhad under a 21-year Power Purchase Agreement.
Pulau Indah Power Plant (PIPP)
Pulau Indah Power Plant Sdn Bhd (PIPP) is our latest major participation thermal energy business that sees Worldwide Holdings leading the development of a Combined-Cycle Gas Turbine Power Plant. It is a joint venture between Worldwide Holdings Berhad and Korea Electric Power Corp (KEPCO), the largest energy utility company in South Korea. Worldwide Holdings is the majority shareholder of PIPP with 75% shareholding while KEPCO holds the remaining 25%.
Once it is commissioned in January 2024, the Power Plant is expected to support the increasing power demand in the Klang Valley and boost the baseload supply for the region. The Power Plant will generate low carbon energy to the central region of peninsular Malaysia, which includes Klang, Sepang and Kuala Langat districts which have a high demand for electricity. PIPP will become a major energy contributor to the economic growth of the state of Selangor and the larger Klang Valley, and it is targeted to achieve commercial operations in Q1 2024.
The power plant will be using clean energy alternatives, emitting lower levels of harmful emissions, and produces less greenhouse gases by using the latest HA turbine technology, world’s most innovative advanced materials, cooling, aerodynamics, combustion, and digital capability.
For more information regarding the PIPP project, please click on this link: https://pipp.com.my/
Worldwide Holdings involvement in the RE business covers various renewable energy sources including solar, hydro, landfill gas and waste-to-energy power generation. Specifically for Renewable Energy division, our focus is on projects that harness electricity through Solar and Hydro sources.
With the continued population growth, urbanisation and industrialisation of the Klang Valley driving growth in energy demand, the need for sustainable energy solutions is rising rapidly. Worldwide Energy is actively contributing to meeting those needs through our solar and hydro-power generation projects and anticipate venturing out into more business in the pipeline.
Our RE business is still a relatively small contributor to Worldwide’s earnings, but it is fast-growing and has emerged as one of the key focus areas for our company. The rising demand for renewable energy solutions is set to underpin its further growth. This venture is also aligned with our long-term plan to be a part of Malaysia’s aspiration scene in producing a cleaner energy for a brighter future.
Pictured above, the Sg. Kerling small hydro power plant that has been rehabilitated by Worldwide Holdings.
Our current venture is small hydro plant (SHP) project which is a more sustainable approach to energy generation. Not only do SHPs have a smaller carbon footprint, both during the construction phase and once operational, but they also cause minimal disruption to surrounding communities and ecosystems.
Our SHPs are located in smaller streams in the Selangor region, and we utilise the run-off the river model (ROR) that captures a portion of the river to be used for generating power, before it is released back into the river stream. The technology and processes we employ have a minimal impact on the surrounding ecosystem and effectively safeguard the water resources utilised from pollution. There will be no settlement required, and flora and fauna are well-preserved.
As one of the emerging players in the solar energy industry in Selangor, our solar projects utilise photovoltaic technology and for now, encompass site-specific installations through the retrofitting of buildings such as the completion of solar panel installation at our headquarters, Mercu Worldwide and in the future, the development of solar farms.
As we move forward, we also plan to begin implementing hybrid energy storage to further lower total carbon emissions by reducing reliance on the national utility grid, which is still reliant on fossil fuels.