Huang (centre) with Lim (fourth from left) and Shamsul (fourth from right) holding the agreement documents while the senior management team members from MGB, Midwest Green Sdn Bhd and Solarvest look on.
PETALING JAYA: Property developer LBS Bina Group (LBS) and its subsidiary MGB Bhd (MGB) have formed a strategic collaboration with Malaysia Green Technology and Climate Change Corporation (MGTC), an agency under the Ministry of Natural Resources, Environment, and Climate Change to explore innovation in renewable energy projects.
This collaboration will establish a consortium comprising LBS, MGB, Midwest Green Sdn Bhd and MGTC, which will be undertaking solar farming projects and crop cultivation integrating green technology such as Carbon Capture Storage (CCS) and water harvesting.
“We are thrilled to embark on this new era of sustainable energy with MGTC. Our group, bolstered by its expertise, stands at the forefront of the solar farming sector. Together, we are shaping a future where renewable energy is not merely a conceptual idea but a tangible and environmentally friendly reality.
“Our unwavering commitment to holistic sustainable development and environmental responsibility is our greatest strength in this endeavor," said LBS executive chairman and MGB executive vice-chairman Tan Sri Lim Hock San during the exchange of the Letter of Intent at the International Greentech and Eco Products Exhibition and Conference Malaysia 2023.
Lim also announced Solarvest Holdings Bhd (Solarvest) as the consortium’s preferred engineering, procurement and construction contractor.
Also present were Natural Resources, Environment and Climate Change Deputy Minister Datuk Seri Huang Tiong Sii, MGTC group chief executive officer Shamsul Bahar Mohd Nor as well as senior management team members of Midwest Green Sdn Bhd and Solarvest.
“This collaboration seamlessly aligns with the Group’s commitment to advancing our organization’s journey to achieve Environmental, Social, and Governance (ESG) goals and enhance sustainability efforts. Simultaneously, it positions us within the framework of the Malaysian Government’s Energy Transition Roadmap. We are laying the foundation for a greener and more sustainable Malaysia for the next generation,” he added.
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