EPIC Berhad witnessed the inking of a Memorandum of Understanding (MoU) between Menteri Besar Terengganu (Incorporated) (MBI) and PETRONAS Gas Bhd (PGB) to explore potential collaborations pertaining to the proposed development of a mini hydro power plant and management of terminal operations and maintenance in Terengganu. Present to support this strategic partnership ceremony which took place at the Mandarin Oriental Kuala Lumpur, was Terengganu Menteri Besar YAB Dato' Seri Dr. Ahmad Samsuri Mokhtar.

In the said event, MBI was represented by Terengganu State Secretary YBM Tengku Seri Bijaya Raja and Terengganu Menteri Besar Financial Advisor as well as MBI Chief Financial Officer Encik Muhammad Ramizu bin Mustaffa, while PGB was represented its Chief Executive Officer Encik Abdul Aziz bin Othman and Gas Processing and Utilities Senior General Manager Encik M Nazir bin M Nor. The MoU signing session was witnessed by YAB Dato' Seri Dr. Ahmad Samsuri, PGB Chief Financial Officer Encik Shahrul Azham bin Sukaiman, and Menteri Besar Terengganu Corporate Advisor as well as MBI Chief Executive Officer Haji Mazli Zakuan bin Mohd Noor, Corporate Advisor to the Chief Minister of Terengganu.

The proposed development of small hydro power plants along the tributaries in the Dungun district is in line with the 9th strategic core of the “Pelan Induk Terengganu Sejahtera” (PITAS2030), namely Infrastructure Enhancement, Empowerment of Green Technology, and Disaster Impact Control. This project is seen as a critical solution for Renewable Energy (RE) in addressing the challenges of electricity supply, especially in remote rural areas.

As for the proposed cooperation in the management, operation and maintenance of the terminal by EPIC Berhad being a Terengganu government-related company (GLC), it is seen as a strategic step towards economic empowerment not only for the organisations involved but also local communities, through employment opportunities offering and technical skills sharing.