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Jentayu Sustainables to work with Sumitomo on renewables

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Both companies have signed an MoU to pave the way for the joint effort.

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Free Malaysia Today
Jentayu Sustainables and Sumitomo have joined hands to enhance renewables in Malaysia.

PETALING JAYA:
Malaysian sustainable energy solutions provider Jentayu Sustainables Bhd (JSB) is to work with Japan’s Sumitomo Corporation to explore potential joint developments, investments and operational opportunities.

A memorandum of understanding (MoU) that will pave the way for the cooperation between the two was signed at the Sumitomo headquarters in Tokyo yesterday.

The effort is aimed at driving JSB’s renewable energy projects, the two companies said in a joint press statement.

Under the deal, both companies will explore several areas where there is potential for collaboration.

These include a joint-venture and capital allocation into JSB’s present and potential renewable power plant projects, cooperative management of related projects and shared investment and development of upcoming renewable energy initiatives, the statement said.

The ultimate goal, they added, is to establish a “sturdy and resilient renewable energy ecosystem in Malaysia and the region”.

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