Majuperak, Siemens Malaysia to jointly explore digital grid, distribution opportunities

In a statement, the Perak State Development Corporation subsidiary said it signed a memorandum of understanding (MoU) with Siemens Malaysia today to explore the technology partnership in line with the group's aim to enhance its energy management services portfolio.

Under the MoU, Siemens Malaysia will provide Majuperak with products and services from its Siemens Smart Infrastructure operating company.

This consists of its digital grid business unit comprising e-mobility software, energy efficiency, microgrid, energy dashboard, feeder automation, energy consulting and protection devices.

Majuperak group chief executive officer Nizran Noordin said this partnership would help enhance its product and service offerings, particularly for asset and facilities management segment as well as energy management services.

"There is a lot of potential that we can tap into to develop and foster more efficient energy management systems.

"Given the strong emphasis on renewable energy, we are confident that this will unlock value and contribute to Majuperak's long-term prospects," he said.

Majuperak is involved in the property development and realty, infrastructure as well as energy segments.

At midday break, its share price stood unchanged at 40 sen.