It's going to continue. Shelly Malacca is raising 700 million green bonds to finance the construction of Malacca's first waste-to-energy plant.
Malacca's first waste-to-energy plant is expected to be completed in 2029. To promote the green energy project, Malakoff (5264, Main Power Stock) has set up a green sukuk scheme totaling RM700 million to raise part of the construction funds.