KUALA LUMPUR (Oct 17): Gas Malaysia Bhd announced today the successful commissioning of its second gas engine co-generation plant operated with its joint venture partner Tokyo Gas Engineering Solutions Corp.
The joint venture company, Gas Malaysia Energy Advance Sdn Bhd (GMEA), is owned 66% by Gas Malaysia and 34% by Tokyo Gas.
In a stock exchange filing, Gas Malaysia said the plant has officially started supplying electricity and hot water to a manufacturing plant belonging to air conditioner company Panasonic Appliances Air-Conditioning Malaysia Sdn Bhd.
“Currently, Panasonic and Tokyo Gas have commenced their operation of power generator and air conditioning system in combination with energy service by gas co-generation and non-Freon air conditioner, at Panasonic’s manufacturing plant in Malaysia.
“GMEA installed two megaWatt co-generation, fuelled by natural gas, on the manufacturing plant of Panasonic Appliances Air-Conditioning. GMEA will also provide comprehensive services for each phase of the project, from system design, construction, procurement of fuel to facility, maintenance, and to electricity and hot water supply,” said Gas Malaysia.
GMEA was set up to generate and sell electricity and steam through the combined heat and power (CHP) system to the industrial sector.
The system is a simultaneous production of electricity and usable thermal energy from one single fuel source, which is said to be more efficient unlike the conventional electricity generation that wastes vast amounts of heat.
GMEA had in January 2017 successfully completed and commissioned its first CHP plant for a manufacturing company in Prai, Penang.
Gas Malaysia said that with the system, Panasonic’s plant could reduce energy inputs by about 3% and carbon dioxide emissions by some 11%.
“The system is expected to continue contributing to highly-efficient and environmentally-friendly energy supply with natural gas as a clean energy source. The commencement of operation of the project is expected to contribute positively to earnings of the group,” it added.
Shares of Gas Malaysia were unchanged at RM2.83 at market close today. The gas and energy solutions provider has a market capitalisation of RM3.63 billion.