PESTECH International Berhad and Hydrogene De France SA have signed a memorandum of understanding to collaborate on green hydrogen production from hydropower plants in Cambodia and Malaysia.
Under the MoU, the parties will co-operate to develop works with respect to the projects in the region of Malaysia and Cambodia as an initial phase. HDF Energy will take the lead on the project development scopes and sizing. PESTECH will act as local market liaison and coordinator. PESTECH will be given the first right of refusal for the engineering, procurement, construction and commissioning works on a project-by-project approach. The first right of refusal will depend on bankability criteria to be confirmed at a later stage by international and local lenders.
PESTECH said this collaboration “is expected to complement and align with the global transition for sustainable energy and net zero emissions in the power generation and rail electrification segments.”
The MoU is effective for three years.
The hydropower plants involved and their owning company were not named in the release.
HDF Energy develops hydrogen power plants to provide continuous or on-demand electricity from renewable energy sources, combined with high-power fuel cells.
PESTECH is a Malaysian integrated electrical power technology company. Its core business is the design, procurement, construction, installation and commissioning of high-voltage and extra-high-voltage substations, transmission lines and submarine power cable systems.