PLB Engineering Bhd’s subsidiary PLB Terang Sdn Bhd (PLBT) signed a memorandum of understanding (MoU) with Welle Environmental & Renewable Energy Sdn Bhd to jointly set up a municipal solid waste-to-energy (WTE) plant in Penang. The plant will be developed on a build, operate, and transfer (BOT) basis and will have the capacity to process 1000 tons of waste per day.
The obligations of Welle will be to procure the funding and technology development costs of the build, operate and transfer (BOT) of the project.
PLBT’s obligation is to secure a waste disposal concession of not less than twenty five years from the government of Penang with suitable tipping fees and also to secure a power purchase agreement with the government of Malaysia. PLBT is also required to identify, propose and procure a suitable site for the WTE plant in the Pulau Burung landfill area in Penang.
