The Malaysia Automotive, Robotics and IoT Institute (MARii) announced that it is collaborating with a consortium consisting of Malaysian and South Korean companies to bring an integrated large-scale livestock farming and renewable energy (RE) generation project to Sabah that could generate an investment of up to RM8.34 billion over the next five years.
The proposal was presented to the Minister of International Trade and Industry by the companies involved in a meeting organised by MARii.
The meeting was held in conjunction with Prime Minister two-day official visit to Seoul which begins on 4 December 2019.
The Chief Executive Officer of MARii stated that the consortium had secured US$50 million in funding for the first phase of the project to build a solar power plant that could generate 200 megawatts (MW) of electricity over 5,000 hectares.
