KUALA LUMPUR: Singapore energy services company Measurement & Verification Pte Ltd (M&V) will begin providing solutions for data centres and commercial buildings in Kuala Lumpur and Johor Bahru in an effort to strengthen its position in Malaysia.
The company provides cutting edge one-stop, turnkey energy solutions and energy consultancy to owners of commercial and industrial facilities.
M&V managing director Steven Kang told reporters during a media visit to M&V in Singapore recently that the company planned to concentrate in both areas, particularly Johor Bahru where the number of data centres is growing.
“Proximity to Singapore is helpful because our Malaysian office is quite small and often needs support from the Singapore office. When we do projects in Johor, it will be easy for us to reach the jobsite. For Kuala Lumpur, we target commercial buildings as the city has more buildings than Singapore,” Kang said.
“Singapore has been pursuing energy efficiency longer than Malaysia and the government is stricter. We have learned quite a lot in the last 15 years and we have a lot to contribute to Malaysia’s energy efficiency journey,” he said.
Kang said M&V aimed to grow its revenue by 10% per year through the expansion of performance-based service contracts. The company is currently bidding for a project in Johor Bahru and expects the outcome by end-2022.
He said the company is also working on other projects in commercial buildings with property developers in Malaysia and it is also considering acquiring small- to medium-sized businesses in Malaysia.
M&V currently has an orderbook of S$50 million (RM160.8 million), of which half will be realised next year and the remaining S$25 million (RM80.4 million) spread over 2024 and 2025.
M&V is an indirect subsidiary of PRG Holdings Bhd (PRG), an investment holding company involved in the provision of management services including property development, manufacturing and construction.
In March, economic affairs minister Mustapa Mohamed said the government hoped to announce details of its 2050 net zero emissions target this year.
He said the government was still in the process of developing the framework which included exploring the introduction of a voluntary carbon market, carbon pricing mechanisms such as carbon tax, and the expansion of green technology tax incentives.