Petronas Da­gan­gan to in­stall 100 EV charg­ing sta­tions by 2018

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Petronas Da­gan­gan Bhd is com­mit­ted to in­stalling 100 elec­tric ve­hi­cle (EV) charg­ing sta­tions, called ChargEV, by 2018.

This comes un­der the tri­par­tite part­ner­ship be­tween Petronas Da­gan­gan, Malaysian Green Tech­nol­ogy Corp and Te­naga Na­sional Bhd’s wholly owned sub­sidiary TNB En­ergy Ser­vices Sdn Bhd, to col­lec­tively in­crease re­spec­tive com­mit­ments to­wards achiev­ing Malaysia’s over­all emis­sion re­duc­tion tar­get while catalysing Green Econ­omy ini­tia­tive.

To date, 55 sta­tions have been in­stalled at Petronas sta­tions na­tion­wide.

Ac­cord­ing to a joint agree­ment, Petronas Da­gan­gan will ex­plore strate­gic part­ner­ship to in­crease the num­ber of ChargEV grad­u­ally, in tan­dem with market de­mand.

It will also look into in­stalling so­lar pho­to­voltaic (PV) pan­els at 100 se­lected sta­tions.

“With this, the en­ergy used to power the ChargEV will be fully re­new­able and com­pletely car­bon-free, mak­ing it truly green,” it added.

The part­ner­ship is an ex­ten­sion from the me­moran­dum of un­der­stand­ing signed in 2016 be­tween Petronas Da­gan­gan and Green­Tech Malaysia to in­stall 66 ChargEV sta­tions.

Petronas Da­gan­gan’s shares fell two sen to RM24.28, while Te­naga Na­sional shares were down eight sen to RM14.12.

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