The Malaysia subsidiary of Vale*, one of the world’s leading mining
companies, announced its partnership with reNIKOLA**, a Malaysian pure-play renewable
energy company, to generate solar energy at the Teluk Rubiah Maritime Terminal (TRMT). Fully
owned and operated by Vale, TRMT is a major iron ore distribution hub for the Asia Pacific region,
the world’s largest iron ore market.
Through the partnership, reNIKOLA will develop and install the photovoltaic system (“PV System”)
at TRMT, with a capacity of approximately 350 kWp, at zero upfront cost to Vale. In return, Vale
will purchase the electricity generated from the PV System at a mutually agreed rate over the
period of 15 years upon the commencement of the system’s operations.
The renewable energy generated from this partnership is expected to substantially cover the
electricity needs of the administrative portion of TRMT, Vale’s iron ore distribution hub for the Asia
Pacific region.
According to Leonardo Paiva, CEO of Vale in Malaysia, the partnership with reNIKOLA is
testament to Vale’s larger drive to gradually decarbonize its operations in Malaysia. “We are
aligning our long-term strategy for our operations at TRMT to support Vale’s global aim.”
Globally, Vale aims to become a net zero emissions company in Scopes 1 and 2 by 2050.
“We also hope that our partnership with reNIKOLA, a local company, will support the growth of a
robust renewable energy ecosystem in Malaysia, generating opportunities for local talents and
specialists in the area, including in Perak,” Leonardo added.
Works to install the PV System at TRMT are slated for completion by early 2024. Designed to
optimize the use of space and resources, the solar panels will be installed atop the existing openair carpark area at TRMT, providing shade and improving the safety of Vale’s employees and
business partners who are regularly using the facilities.
reNIKOLA views the partnership with Vale as a significant milestone that contributes towards the
strengthening of the company’s commitment to support and facilitate sustainable economic
development in Malaysia. Its Managing Director, Mr. Boumhidi Adel, said, “We are pleased to
partner with Vale in Malaysia, and contribute to their decarbonization efforts in the country. The
project is a significant milestone for reNIKOLA and reinforces our steadfast commitment to
promoting the use of renewable energy in the country. On our part, we are committed to ensuring
the safe and timely completion of this project, allowing us to unlock the maximum mutual value
from this partnership for both parties. Together, we will pave the way towards a greener and more
sustainable future.”