KUALA LUMPUR: Ranhill Holdings Bhd is focused on strengthening prospects for its core businesses by tapping into opportunities in the environment and power sectors, both locally and overseas.
Its president and chief executive Tan Sri Hamdan Mohamad said the company would continue to seek out viable opportunities, capitalising on the global push towards clean water and clean energy.
“By 2022, we target to own and operate 1,000 megawatts (MW) power plants that deliver clean energy and 3,000 million litres daily (MLD) water and wastewater treatment capacity of which 700 MLD will be international,” he said in a statement, today.
On the environment sector in Malaysia, he said Ranhill would continue to play a significant role in the development of Johor’s utilities infrastructure.
“The renewal of SAJ Ranhill Sdn Bhd (SAJR) license is testament to the excellent track record we have set in Johor in providing efficient and affordable source-to-tap services. At a loss of only 0.017MLD per kilometre (km), Johor has the lowest NRW per km of pipe length in the country,” he added.
The company has also inked a memorandum of understanding with Indah Water Konsortium Sdn Bhd to conduct a joint review of the Joint Billing Exercise with the intention to pursue the integration of water and sewerage services in Johor, in line with the objective and aspiration of the Water Services Industry Act 2006.
Apart from operating and managing water supply services, the group also plays a key role in undertaking non-revenue water (NRW) reduction projects.
Since 2005, it has saved more than 500 MLD of treated water in six states in Malaysia as well as Riyadh, Saudi Arabia.
“In regional markets, we are focused on expanding our water and waste water treatment operations in Thailand, particularly in industrial parks, as well as in China where we have already earmarked pursuits and aim to secure new projects.
“We are also exploring other markets in the region which have immense untapped potential, especially as governments scale up efforts to develop sustainable water supply and waste water treatment systems,” he said.
Meanwhile, in the power sector, he said Ranhill remains the largest independent power producer in Sabah, with two power plants which utilise combined-cycle gas turbines, delivering clean energy.
“To meet the growing demand for electricity in Sabah, together with a strategic partner, we are in the final phase of negotiations involving a 300MW Combined Cycle Power Plant in Sandakan. In addition, we have acquired a 26.7 per cent stake in Tawau Green Energy, with the aim of developing a 37 MW geothermal power plant in Tawau, Sabah,” he said.
He pointed out that Ranhill would also seek opportunities through proposals with reputable consortia in the Indo-China area with majority participating interest in expanding its power generation footprint.
“Looking ahead, we are confident that with these strategic plans in place and equipped with our strong capabilities and expertise, we are well-positioned to achieve greater growth over the long term”.
Ranhill’s net profit in the first quarter ended March 31 increased rise 15.6 per cent to RM18.14 million from RM15.69 million attributed to increased revenue from its environment segment.
Revenue for the period rose 2.4 per cent to RM360.29 million from RM351.95 million.