World Bank Group's IFC, PDT, Ditrolic Energy Partner to Develop One of World's Largest Renewable Energy Corridors in Johor
Malaysia, Nov. 24 -- To power the industrial development of Johor with clean electricity and support the ASEAN Power Grid (APG) initiative by facilitating cross-border electricity trade, the World Bank Group (WBG), through its private sector arm the International Finance Corporation (IFC), Permodalan Darul Ta'zim (PDT), the strategic investment arm of the Johor State, and Ditrolic Energy, an integrated energy company, have signed a collaboration agreement to jointly develop the Southern Johor Renewable Energy Corridor (SJREC), a 2,000 kilometer-squared hybrid solar and battery energy storage system zone in Johor.The collaboration letter, signed today in conjunction with the launch of the Johor Renewable Energy Policy 2030, outlines joint ef...
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