Potential offtaker

YTL Corporation Berhad

www.ytlpowerinternational.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

YTL Corp Bhd is a Malaysian-based conglomerate that operates in various sectors, including construction, property development, cement manufacturing, and power generation. The company was founded in 1955 and has since grown to become one of the largest conglomerates in Malaysia, with a market capitalization of RM16.7 billion as of 2021.

In recent years, YTL Corp has been focusing on decarbonisation and renewable energy as part of its corporate energy strategy. The company has set a target to reduce its carbon emissions by 30% by 2025 and has been investing in renewable energy projects to achieve this goal.

YTL Corp's power generation business is a key part of its corporate energy strategy. The company operates several power plants in Malaysia, including the 1,212 MW Tanjung Bin Power Plant and the 808 MW Pasir Gudang Power Plant. These power plants use a combination of natural gas and coal to generate electricity.

However, YTL Corp has been shifting towards renewable energy sources in recent years. In 2019, the company signed a corporate power purchase agreement (PPA) with a solar power plant in Malaysia. Under the PPA, YTL Corp agreed to purchase 50 MW of solar power from the plant for a period of 20 years.

This move towards renewable energy is in line with YTL Corp's commitment to decarbonisation. The company has stated that it aims to reduce its carbon emissions by investing in renewable energy and improving the efficiency of its operations.

YTL Corp's renewable energy portfolio also includes a 50 MW wind power project in Indonesia. The project, which is located in South Sulawesi, is expected to generate enough electricity to power around 70,000 homes. YTL Corp has also invested in a 30 MW solar power project in Jordan, which is expected to reduce carbon emissions by 36,000 tonnes per year.

In addition to its power generation business, YTL Corp is also involved in the construction of renewable energy projects. The company's construction arm, YTL Construction, has been involved in the construction of several solar power plants in Malaysia, including the 50 MW solar power plant that YTL Corp signed a PPA with.

YTL Corp's commitment to decarbonisation and renewable energy is not only driven by environmental concerns but also by business opportunities. The company has recognized that there is a growing demand for renewable energy, both in Malaysia and globally, and has positioned itself to take advantage of this trend.

In conclusion, YTL Corp Bhd is a Malaysian-based conglomerate that operates in various sectors, including power generation. The company has been focusing on decarbonisation and renewable energy as part of its corporate energy strategy and has set a target to reduce its carbon emissions by 30% by 2025. YTL Corp's renewable energy portfolio includes a 50 MW wind power project in Indonesia, a 30 MW solar power project in Jordan, and a corporate PPA with a 50 MW solar power plant in Malaysia. The company's commitment to renewable energy is not only driven by environmental concerns but also by business opportunities, as it recognizes the growing demand for renewable energy both in Malaysia and globally.

✓ Declared Net Zero commitment