Partnership agreements signed during French President Hollande’s visit
Kuala Lumpur, 28 March 2017 – French Group ENGIE, a global energy player, and Sime Darby, a Malaysia-based diversified multinational corporation, announced today that they will co-develop business opportunities in solar energy and high-end, state-of-the-art integrated facilities management services.
Two non-binding partnership agreements were signed today in Kuala Lumpur, as part of French President Hollande’s visit to Southeast Asia, covering Singapore, Malaysia and Indonesia, from 26 to 29 March.
“We are pleased to form this strategic partnership with Sime Darby, a most respected and successful multinational corporation with a strong local foothold. Our aligned vision on sustainability and performance offers many opportunities to combine our strengths to positively impact the lives of our many stakeholders,” said Didier Holleaux, Executive Vice President of ENGIE.
The ENGIE Group and Sime Darby will offer high-end and state-of-the-art integrated facilities management services to mission critical operations such as airports, hospitals and universities, as well as to luxury retail developments and hotels.
The companies will also partner to provide reliable low-cost solar PV energy, thus contributing to Malaysia’s ambition to become greener, more energy efficient and less carbon-intensive.
(Seated from left to right) Sime Darby Industrial Chairman Tan Sri Samsudin Osman, Sime Darby Industrial Managing Director Scott Cameron, Executive Vice President of ENGIE Didier Holleaux, Chairman of ENGIE Gérard Mestrallet.
(From left to right) Sime Darby Industrial Chairman Tan Sri Samsudin Osman, Sime Darby Industrial Managing Director Scott Cameron, Malaysia’s Minister of International Trade and Industry Dato’ Sri Mustapa Mohamed, President of France Francois Hollande, Executive Vice President of ENGIE Didier Holleaux, Chairman of ENGIE Gérard Mestrallet.
Toward this end, Tan Sri Dato’ Seri Mohd Bakke Salleh, President and Group Chief Executive of Sime Darby, reiterated: “Our partnership will pave the way for greater collaboration in the solar and integrated facilities management space. With a combination of technical expertise and a deep understanding of the Malaysian market, we believe this partnership will enable us to significantly expand into these sectors.”
Malaysia’s National Renewable Energy Policy and Action Plan (2010) sets targets for the renewable electricity capacity to reach 2,000 MW by 2020 (10% of total capacity), 3,500 MW by 2030 (13%) and 11,500 MW by 2050 (34%).
President Hollande witnessed the ceremony together with Dato’ Sri Mustapa Mohamed, Minister for International Trade and Industry. Malaysia is one of France’s major economic partners in Southeast Asia. With commercial exchanges amounting to 3.7 billion euros in 2016, Malaysia is the fifth-largest trading partner of France in the region with over 270 French companies established in the country.
ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology.
ENGIE employs 153,090 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).
For more information, see www.engie.com and follow us on Twitter @ENGIEGroup
About Sime Darby Group
Sime Darby is a Malaysia-based diversified multinational involved in key growth sectors, namely, plantation, industrial equipment, motors, property and logistics. Founded in 1910, its business divisions seek to create positive benefits in the economy, environment and society where it has a presence.
With a workforce of over 120,000 employees in 25 countries and 4 territories, Sime Darby is committed to building a sustainable future for all its stakeholders. It is one of the largest companies on Bursa Malaysia with a market capitalisation of RM63.9 billion (USD 14.48 billion) as at 24 March 2017.
For more information, see www.simedarby.com
For further information, please contact:
John Lee de Agama
Head of Communications
Sime Darby Industrial
M: +60 19 312 4863
IN.FOM on behalf of ENGIE Asia Pacific
M: +65 9839 2641
VP CSR and Communications
M: +66 92 254 6758