PETALING JAYA: Seri Pajam Development Sdn Bhd and Hibiscus Petroleum Bhd have signed a Heads of Agreement (HoA) to establish an exclusive collaboration framework for the evaluation and development of power plant projects and energy solutions on land owned by Seri Pajam Development and its affiliates in Malaysia.
Signed by Seri Pajam Development chief executive officer Ten Wee Seong and Hibiscus Petroleum Bhd managing director Datuk Kenneth Gerard Pereira, the collaboration identifies SPD Tech Valley in Senawang, Negeri Sembilan, as a strategic industrial location for potential power generation development.
The potential development of a domestic power plant facility at SPD Tech Valley could complement the park's existing grid infrastructure, strengthen its energy resilience and support future industrial growth as electricity requirements increase.
“As SPD Tech Valley continues to grow, we recognise the importance of planning ahead for the energy requirements of high-value industries, particularly data centres and other technology-driven businesses. This collaboration with Hibiscus Petroleum allows us to evaluate potential power generation solutions that could support the park's long-term development,” said Ten.
“By working with an established energy company, we aim to strengthen SPD Tech Valley's position as a strategic industrial destination with the infrastructure and connectivity needed to support future investments,” he added.
Located adjacent to 132kV and 275kV national grid infrastructure, SPD Tech Valley is supported by connectivity to the North-South Expressway, LEKAS Highway, Kuala Lumpur International Airport (KLIA) and Port Klang.
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