A New Chapter - power Berhad and teknik Janakuasa Sdn Bhd; • Electricity...

download A New Chapter -   power Berhad and teknik Janakuasa Sdn Bhd; • Electricity distribution activities through Malakoff Utilities Sdn Bhd,

of 39

  • date post

    07-Feb-2018
  • Category

    Documents

  • view

    229
  • download

    3

Embed Size (px)

Transcript of A New Chapter - power Berhad and teknik Janakuasa Sdn Bhd; • Electricity...

  • A NewChapter

    MALAKOFF CORPORATION BERHADAnnuAl RepoRt 2015

    MAlAKoFF CoRpoRAtIon BeRHAD (731568-V)

    level 12, Block 4, plaza Sentral, Jalan Stesen Sentral 5, 50470 Kuala lumpur, MAlAYSIA.

    tel : +603-2263 3388 Fax : +603-2263 3333

    www.malakoff.com.my

    MA

    lA

    Ko

    FF

    Co

    Rp

    oR

    At

    Ion

    Be

    RH

    AD

    (73

    15

    68

    -V) A

    nn

    ua

    l Re

    po

    rt 20

    15

  • B MALAKOFF CORPORATION BERHAD AnnuAl RepoRt 2015

  • 01

  • 02 MALAKOFF CORPORATION BERHAD AnnuAl RepoRt 2015

    AnnuAl GenerAl MeetinGof MALAKOFF CORPORATION BERHADMahkota II, Hotel Istana73, Jalan Raja Chulan50200 Kuala lumpur, on Thursday, 21 April 2016 at 11.00 a.m.

    a new chapterMaintaining the highest standards of our thrust as a newly listed entity, Malakoff is committed to evaluating and addressing the strategies that will lay the foundations for our long-term focused growth.

    With our stable of six power plants in Malaysia forming our core gas, oil and coal cluster igniting at optimal output within Malakoff's power nucleus, the promise and potential of our pulsating stage begins.

    By marking a new chapter in our direction, we are attesting to sustainability, maximising the value of our assets, as well as demonstrating operational and organisational excellence that will expand our power generation and water desalination capacity.

  • 03

    insideContentsBusiness reviewVision and Mission 05Corporate overview 06In the news 08 Awards and Accolades 10Corporate Information 11Malakoffs Structure 12Financial Statistics 14

    DireCtors ProfileBoard of Directors 20Board of Directors profile 22

    MAnAGeMent teAMMembers of Management Committee 34Acting Chief executive officers profile 36

    CorPorAte PerforMAnCeChairmans Statement 40Domestic and International Footprint 50performance Review 52Investor Relations 77

    CorPorAte resPonsiBilityCorporate Responsibility 78 CorPorAte eventsCorporate events Highlights 90

    GovernAnCe stAteMentsCorporate Governance Statement 100Statement of Risk Management and Internal Control 118Board Audit Committee Report 124Additional Compliance Information 129

    finAnCiAl stAteMentsFinancial Statements 131

    otherslist of properties 254Shareholdings Statistics 265notice of Annual General Meeting 268Administrative Details 271

    ProxyForm

    40CHAIRMAnS StAteMent

    52peRFoRMAnCe ReVIeW

    78CoRpoRAte ReSponSIBIlIty

  • 04 MALAKOFF CORPORATION BERHAD AnnuAl RepoRt 2015

  • 05

    GoAlto Be A pReMIeR GloBAl poWeR AnD WAteR CoMpAny

    Core BusinessespoWeR GeneRAtIon AnD WAteR DeSAlInAtIon

    CritiCAl strenGths Projectdevelopment&execution

    LicenseToOperatepowerplant

    Financialdiscipline

    Stronggovernancestructure

    Mission Aspiringtobecomethepreferredemployerofchoice

    Deliversuperiorshareholdervalue

    SoughtafterasaPartner

    SustainingBestinClassoperatingdiscipline

    EarningrespectasaGoodCorporateCitizen

    CorPorAte vAlues Integrity

    Teamwork

    Innovation

    Excellence

    Harmony

    VISIon AnD MISSIon

  • 06 MALAKOFF CORPORATION BERHAD AnnuAl RepoRt 201506 MALAKOFF CORPORATION BERHAD AnnuAl RepoRt 2015

    Malakoff Corporation Berhad (Malakoff) is an independent power and water producer based in Asia with a world-class reputation. our core businesses include power generation, water desalination and operation & maintenance services. in Malaysia, we own an effective generation capacity of 5,346 Mw comprising of six power stations that run on gas, oil and coal.

    CoRpoRAte oVeRVIeW

  • 07 07

    Malakoffs Malaysian power generation assets with total effective capacity of 5,346 MW are held through a number of subsidiaries and associate companies:

    SEV Power Plant through a 93.75 percent equity interest inSegari energy Ventures Sdn Bhd;

    GB3 Power Plant through a 75.0 percent equity interest inGB3 Sdn Bhd;

    Prai Power Plant through its wholly-owned subsidiary Praipower Sdn Bhd;

    Tanjung Bin Power Plant through a 90.0 percent equityinterest in tanjung Bin power Sdn Bhd;

    Port Dickson Power Plant through a 100.0 percent equityinterest in port Dickson power Berhad, via its wholly-owned subsidiary Hypergantic Sdn Bhd; and

    Kapar Power Plant through a 40.0 percent equity interest inKapar energy Ventures Sdn Bhd.

    on the international front, we own an effective capacity of 690 MW of power and 358,850 m3/day of water desalination. these projects are located in Saudi Arabia, Bahrain, Algeria and Australia.

    Furthermore, Malakoff provides services through its wholly-owned subsidiary companies:

    Operation and maintenance services through wholly-ownedMalakoff power Berhad and teknik Janakuasa Sdn Bhd;

    Electricity distribution activities through Malakoff UtilitiesSdn Bhd, a wholly-owned subsidiary, that currently supplies centralised chilled water and distributes electricity to the landmark Kuala lumpur Sentral development; and

    Project management services for in-house and externalprojects through Malakoff engineering, a wholly-owned subsidiary of Malakoff.

    At Malakoff, we aim to work together with all stakeholders for productive partnerships. We believe that long-term partnerships re-enforce our success. As an asset-centered organisation, we maximise the value of assets we manage for our shareholders and partners. We do this by fully understanding the elements of cost, risk and performance unique to the environment in whichwe operate.

  • 08 MALAKOFF CORPORATION BERHAD AnnuAl RepoRt 201508 MALAKOFF CORPORATION BERHAD AnnuAl RepoRt 2015

    In tHe neWS

  • 09 09

  • 10 MALAKOFF CORPORATION BERHAD AnnuAl RepoRt 2015

    AWARDS AnD ACColADeS

    Malakoff was named one of Malaysias top 30 Green Catalysts for 2014 Award, an award to recognise and honour individuals and organisations who have had significant environmental, economic and social impact in expanding the countrys Green technology sector. the Greentech Awards is one of the many initiatives championed by Greentech Malaysia to catalyse the Green technology agenda in line with the aspirations of the national Green technology policy 2009.

    Malakoff also won the Competitive Glocal employer Award 2015 from Social Security organisation (peRKeSo) and Ministry of Human Resource at the national labour Day 2015 celebration. the award was a recognition of various Human Resource programmes which aimed at developing, achieving and sustaining a culture of effective working environment.

    port Dickson power plant won the national occupational Safety and Health excellence Award 2015, on 18 november from the Department of occupational Safety and Health (DoSH), under the Ministry of Human Resources. this is the second consecutive year port Dickson power plant received this award.

    from l to R:

  • 11

    DireCtorsTAN SRI DATO SERI SyED ANWAR JAMALuLLAILIndependent non-executive Chairman

    DATO SRI CHE KHALIB BIN MOHAMAD NOHnon-Independent non-executive Director

    DATuK MuHAMAD NOOR BIN HAMIDnon-Independent non-executive Director

    CINDy TAN LER CHINnon-Independent non-executive Director

    DATO WAN KAMARuzAMAN BIN WAN AHMADnon-Independent non-executive Director

    DATuK OOI TEIK HuATnon-Independent non-executive Director

    TAN SRI DATO SERI ALAuDDIN BIN DATO MD SHERIFFIndependent non-executive Director

    DATuK IDRIS BIN ABDuLLAHIndependent non-executive Director

    DATuK DR. SyED MuHAMAD BIN SyED ABDuL KADIRIndependent non-executive Director

    KOHEI HIRAOIndependent non-executive Director

    zALMAN BIN ISMAILAlternate to Dato Wan Kamaruzaman bin WanAhmad

    CoMPAny seCretAriesyeoH Soo MeI (MAICSA 7032259)nISHAM @ ABu BAKAR BIn AHMAD (MAICSA 7043879)

    BoArD AuDit CoMMittee MeMBersDAtuK DR. SyeD MuHAMAD BIn SyeD ABDul KADIRChairman

    DAtuK IDRIS BIn ABDullAH

    tAn SRI DAto SeRI AlAuDDIn BIn DAto MD SHeRIFF

    DAtuK ooI teIK HuAt

    BoArD noMinAtion AnD reMunerAtion CoMMittee MeMBerstAn SRI DAto SeRI SyeD AnWAR JAMAlullAIl Chairman

    DAtuK DR. SyeD MuHAMAD BIn SyeD ABDul KADIR

    tAn SRI DAto SeRI AlAuDDIn BIn DAto MD SHeRIFF

    DAtuK IDRIS BIn ABDullAH

    DAtuK MuHAMAD nooR BIn HAMID

    DAtuK ooI teIK HuAt

    BoArD risK CoMMittee MeMBersDAtuK IDRIS BIn ABDullAH Chairman

    DAtuK MuHAMAD nooR BIn HAMID

    DAtuK DR. SyeD MuHAMAD BIn SyeD ABDul KADIR

    CInDy tAn leR CHIn

    BoArD ProCureMent CoMMittee MeMBersDAtuK MuHAMAD nooR BIn HAMID(Chairman)

    tAn SRI DAto SeRI AlAuDDIn BIn DAto MD SHeRIFF

    DAtuK ooI teIK HuAt

    CInDy tAn leR CHIn

    reGistereD offiCeLevel 12, Block 4, Plaza SentralJalan Stesen Sentral 5 50470 Kuala lumpurtel : +603-2263 3388Fax : +603-2263 3333

    AuDitorsKpMGlevel 10, KpMG towerno. 8, First Avenue, Bandar utama47800 petaling JayaSelangor Darul ehsan

    shAre reGistrArs Symphony Share Registrars Sdn Bhdlevel 6, Symphony Housepusat Dagangan Dana 1Jalan pJu 1A/4647301 petaling JayaSelangor Darul ehsantel : +603-7841 8000Fax : +603-7841 8152

    PrinCiPAl BAnKsCIMB Bank BerhadMalayan Banking BerhadRHB Bank Berhad

    CoMPAny ADDressLevel 10, Block 4, Plaza SentralJalan Stesen Sentral 5 50470 Kuala lumpurtel : +603-2263 3388Fax : +603-2263 3333Website : www.malakoff.com.my

    CoRpoRAteInFoRMAtIon

  • 12 MALAKOFF CORPORATION BERHAD AnnuAl RepoRt 2015

    MAlAKoFFS StRuCtuRe as at 23 february 2016

    I Dormant

    II Malakoffs effecti