Malakoff Corporation Berhad

What Malakoff Corporation Berhad does

Malakoff Corporation Berhad is a Malaysian power producer that develops, owns, and operates electricity-generation assets. Its five domestic thermal plants provide 5,342 MW, including the 1,890 MW Tanjung Bin coal-fired facility, while domestic and international thermal assets total 8,782 MW. International power and water operations add 472,975 m³/day of effective water-production capacity.

Domestic electricity is sold wholesale to Tenaga Nasional Berhad through long-term, regulated power purchase agreements, with economics linked to capacity, plant availability, and performance. The group also operates renewable-energy, environmental-services, and facility-services businesses alongside engineering and operations and maintenance capabilities. This broadens its activity base, but domestic generation remains concentrated in a single offtaker and a regulated procurement framework. (Primary source:)

Name

Malakoff Corporation Berhad

Legal name

Malakoff Corporation Berhad

Website

https://malakoff.com.my

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Malakoff generates and supplies electricity to Malaysia’s national utility under long-term power purchase agreements, while also operating renewable, water, waste-management, and energy-services assets to serve utility, government, municipal, and commercial customers. (Primary source:)

Ownership category

akta.pro rank

Product category

Independent Power Generation

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Fossil Fuel Electric Power Generation (221112), Hydroelectric Power Generation (221111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)

akta.pro secondary industries

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA), Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE), Operations Control & Dispatch (Remote Operations Centers, Curtailment, Compliance) (EUAMAGAK), Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

Keywords

• Independent power production
• Thermal power generation
• Renewable energy solutions
• Waste management services
• Water desalination

Headquarters

HQ city

Petaling

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Generation Sales: Malakoff generates revenue primarily through supplying electricity to Tenaga Nasional Berhad via long-term Power Purchase Agreements. Revenue is capacity-based with additional components tied to plant availability and performance metrics. The company operates five domestic power plants with combined capacity of 5,342 MW.
2. Environmental Solutions: Through subsidiary Alam Flora Sdn Bhd, Malakoff provides waste management, recycling, and facility services, managing substantial daily waste volumes and targeting 10,000 tonnes daily waste management by 2031.
3. Renewable Energy Projects: Revenue from large-scale solar (LSS) and other renewable energy projects developed through subsidiaries like Malakoff Silver Solar Sdn Bhd (joint venture with Solarvest) and Malakoff Radiance Sdn Bhd for commercial and industrial solar projects.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Malakoff Corporation Berhad is Malaysia's largest Independent Power Producer (IPP), operating five domestic thermal power plants with a combined capacity of 5,342 MW and international water and power assets in Saudi Arabia, Bahrain, and Oman. The company also develops renewable energy projects (solar, small hydro, biomass co-firing) and delivers environmental and waste management solutions through its Alam Flora subsidiary. Revenue is generated primarily through long-term Power Purchase Agreements with Tenaga Nasional Berhad (TNB) for wholesale electricity supply.

Product overview

Malakoff Corporation Berhad is Malaysia's largest Independent Power Producer (IPP) operating a diversified portfolio of energy and environmental solutions across three business pillars: Malakoff Green Solutions, Malakoff Environmental Solutions, and Malakoff Energy. The core thermal power generation business includes five domestic plants (5,342 MW capacity) plus international assets, with the Tanjung Bin Power Plant (1,890 MW) as the largest facility. The renewable energy portfolio spans large-scale solar (LSS5+ 690 MWp and LSS Petra 5+ 470 MW), small hydropower (84 MW in Kelantan), rooftop/C&I solar through Malakoff Radiance, and biomass co-firing. Environmental solutions are delivered through Alam Flora (waste management) and Genesis Facility Solutions, while international operations include water desalination in the Middle East. Malakoff Technical Solutions provides O&M services, and Malakoff Engineering handles project management. The company is progressively greening its thermal operations while extending power purchase agreements for gas assets until 2029-2030.

Differentiator

Problem solved

Functional benefit

Brands

• Malakoff Green Solutions: Innovative and sustainable green solutions provider focusing on renewable energy including solar, small hydro, biogas and waste-to-energy.
• Malakoff Environmental Solutions
• Malakoff Energy
• Malakoff Technical Solutions Sdn. Bhd. (MTSSB)
• Malakoff Engineering Sdn Bhd (MESB)
• Genesis Facility Solutions Sdn Bhd

Products and services

• Thermal Power Generation Thermal power generation portfolio comprising five power plants in Malaysia with total generation capacity of 5,342 MW, supplying electricity to Tenaga Nasional Berhad under long-term Power Purchase Agreements, plus international assets in Saudi Arabia and Bahrain.
• Tanjung Bin Power Plant Malakoff's largest facility located in Johor with 1,890 MW capacity. Malaysia's first private coal-fired power plant and ranks among the largest coal-fired IPPs in Southeast Asia.
• Lumut Power Plants Gas-fired power plants in Lumut, Perak with combined capacity of 1,732 MW (1,303 MW and 429 MW units), with PPA extensions secured until December 2029.
• Prai Power Plant 350 MW gas-fired power plant in Prai, Penang with extended PPA through 2030 under new agreement with TNB.
• Large Scale Solar Projects (LSS) Utility-scale solar projects including 690 MWp LSS5+ project in Perak and 470 MW LSS Petra 5+ project, both targeting commercial operation in Q1 2028, developed through Malakoff Silver Solar Sdn. Bhd.
• Kelantan Small Hydropower Plants Three small hydropower plants under development in Kelantan, Malaysia with total capacity of 84 MW to provide clean, reliable energy and reduce carbon emissions by approximately 272,424 tonnes annually.
• Commercial and Industrial (C&I) Solar Commercial and industrial (C&I) solar solutions offered through Malakoff Radiance Sdn. Bhd., including rooftop solar installations and battery energy storage systems for business customers.
• Waste Management and Recycling Services Solid waste management, recycling, and facility services delivered through subsidiary Alam Flora Sdn. Bhd., managing substantial daily waste volumes with ISO-certified services and targeting 10,000 tonnes daily waste management by 2031.
• Water Desalination (International) International water desalination operations through Independent Water Producers (IWP) and Independent Water and Power Producer (IWPP) investments in Saudi Arabia, Bahrain, and Oman with combined effective capacity of 472,975 m³ per day, supplying clean water to over 42 million people.
• Power Plant Operations and Maintenance Services Operations and maintenance services for power plants, delivered through Malakoff Technical Solutions Sdn. Bhd. (MTSSB) since 1993, serving both Malakoff subsidiaries and external corporations.
• Power Project Management Services Project management services for thermal plant development, LSS, RTS, WTE, and biomass projects, delivered through Malakoff Engineering Sdn. Bhd. (MESB).
• Facility Management Solutions Sustainable facility management and energy management services for commercial and industrial clients, delivered through Genesis Facility Solutions Sdn. Bhd.

Quantifiable outcome

• Malakoff has achieved 55% of its 1,400 MW renewable energy target by 2031
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered minor, core and major.

• Edra Power Holdings Sdn. Bhd.minorStrategic or Co-development Partner · 17 August 2026Edra Power Holdings represented at Penjana Bebas strategic alignment session alongside Malakoff, Ranhill, and Skopwang for IPP sector coordination.
• Ranhill Utilities BerhadminorStrategic or Co-development Partner · 17 August 2026Ranhill Utilities represented at Penjana Bebas strategic alignment session for industry coordination and reform discussions.
• Solarvest Holdings BerhadcoreStrategic or Co-development Partner · 4 May 2026Solarvest appointed as EPCC and technology partner for Malakoff's LSS5+ project in Perak (690 MWp), developed through Malakoff Silver Solar Sdn Bhd (80% Malakoff, 20% Solarvest). Solarvest's subsidiary Atlantic Blue Sdn Bhd executes the project valued at RM1.06 billion.
• Mitsubishi PowermajorTechnology or Integration · 28 April 2026Malakoff secured two additional Mitsubishi gas turbines to strengthen national energy generation capacity. Partnership supports equipment supply for power plant operations and upgrades.
• Penjana BebasmajorStrategic or Co-development Partner · 6 April 2026Malakoff leads restructuring of Penjana Bebas (association of legacy IPPs) to advance discussions on revitalisation for energy transition. Led strategic alignment session with Edra, Ranhill, and Skopwang to reposition Penjana Bebas as platform supporting thermal-to-RE transition.
• Tenaga Nasional BerhadcoreOthers · 13 February 2026Power Purchase Agreement counterpart for Malakoff's domestic power plants. TNB is Malaysia's national utility and sole electricity offtaker for Malakoff's 5,342 MW domestic generation capacity. New PPAs signed for Segari (SEV), GB3, and Prai power plant extensions.
• Solarvest Holdings BerhadcoreStrategic or Co-development Partner · 22 December 2025Malakoff Silver Solar Sdn Bhd (joint venture 80% Malakoff, 20% Solarvest) signed 21-year PPA with TNB for 470 MWac solar project under LSS PETRA 5+ Program at Windsor Estate, Larut and Matang, Perak.
• Solarvest Holdings BerhadcoreStrategic or Co-development Partner · 21 October 2025Malakoff appointed Solarvest as EPCC contractor for Malaysia's largest LSS Petra 5+ solar project (470 MW ground-mounted development). Project expected to generate 967,544 MWh clean energy annually and offset 748,879 tons CO2 emissions.
• Alam Flora Sdn BhdcoreOthersWholly-owned environmental solutions subsidiary of Malakoff providing waste management, recycling, and facility services. One of Malaysia's top environmental solutions companies managing substantial daily waste volumes with ISO-certified services.
• Genesis Facility Solutions Sdn BhdminorOthers100% wholly-owned subsidiary providing facility management and environmental solutions, offering sustainable facility management and energy management services to clients.

Scale indicators13 records

Recent moves7 records

Expansion highlights8 records

Broad incumbents

• Tenaga Nasional Berhad: Malaysia's national utility and sole electricity offtaker for Malakoff's domestic generation. Operates the largest electricity generation, transmission and distribution network in Malaysia and is both the company's primary customer and a broader power sector incumbent.
• Sembcorp Industries: Singapore-listed energy and urban solutions operator with renewable and thermal generation portfolio across Southeast Asia. Comparable diversified energy business model targeting renewables growth and grid solutions.
• Keppel Corporation Limited: Singapore-based conglomerate with significant power generation (including Keppel Seghers and offshore wind) and infrastructure businesses. Comparable diversified power and environmental infrastructure operator across Southeast Asia.

Direct peers

• Ranhill Utilities Berhad: Malaysian-listed water and power utility with power generation assets (including 380 MW gas-fired plant in Sabah) and water treatment operations. Competes with Malakoff in Malaysian IPP market and is a fellow Penjana Bebas member addressing thermal-to-RE transition.
• ACWA Power: Saudi Arabia-listed developer, owner and operator of power generation and water desalination plants across the Middle East and Africa. Directly comparable through co-investment in Saudi/Bahrain IWPPs and parallel business model combining IPP and IWP.
• Edra Power Holdings (Edra Global Energy): Malaysian-based IPP with ~3,900 MW generation capacity across Malaysia, Egypt, Bangladesh, UAE, and Indonesia. Direct competitor in Malaysian IPP market and fellow Penjana Bebas member collaborating on sector transition.
• Sarawak Energy Berhad: State-owned vertically-integrated power utility in Sarawak with large hydro-based generation portfolio and growing RE exports. Comparable diversified generation model and IPP operating capabilities relevant to Malakoff's regional expansion.
• YTL Power International: Malaysian-listed power and utilities group with significant IPP capacity (including 1,300+ MW YTL Power Station in Pasir Gudang) and utilities exposure across Singapore, UK, and Indonesia. Directly competes with Malakoff in Malaysian generation bidding and renewable auctions.

Regional players

• Cikarang Listrindo (PT Cikarang Listrindo Tbk): Indonesian-listed independent power producer operating gas-fired and renewable generation for industrial customers in West Java. Comparable regional Southeast Asian IPP business model, though primarily serves the Indonesian market.

Emerging players

• Solarvest Holdings Berhad: Malaysian-listed solar PV specialist with C&I and large-scale solar EPCC capabilities. Strategic partner (20% owner of Malakoff Silver Solar JV) executing LSS5+ and LSS Petra 5+ projects, serving as both peer and execution partner in Malakoff's renewable buildout.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights8 records

Customer concentration

• Facebookfacebook.com/Malakoff.MCP
• LinkedInlinkedin.com/company/malakoff-berhad

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles24 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Malakoff Corporation Berhad