Masers Energy to invest RM1.5 billion IN Zero-Emission Vehicles

KL Electric Mobility Sdn Bhd, a wholly owned subsidiary of Masers Energy Inc with headquarters in the United States and Europe, today announced a groundbreaking initiative to invest RM1.5 billion to roll out 3,000 stations of zero-emission electric vehicles on the road via a project called KL Electric A-gogo car sharing service.

The KL Electric A-gogo car; powered by KL Electric Mobility Sdn Bhd (KL Electric Mobility) and a subsidiary of Masers Energy; is a car sharing service which covers strategic locations within the Kuala Lumpur’s golden triangle. 3,000 stations will be rolled out within two years starting January 2015.

Masers Energy is Malaysia’s second national utility provider in clean energy and the sole ‘fifth fuel’ provider in transportation to replace oil and gas as fuel.

KL Electric Mobility sealed the agreement with Dewan Bandaraya Kuala Lumpur  (DBKL) today to revolutionise the automobile market by promoting zero-emission vehicles.  Dato’ Seri Hj Suhaimi Hj Abdul Rahman, Chairman and Chief Executive Officer of KL Electric Mobility Sdn Bhd signed on behalf of Masers Energy Inc while YBhg Datuk Seri Hj Ahmad Phesal bin Hj Talib, Datuk Bandar Kuala Lumpur signed on behalf of DBKL.

Speaking at the ceremony, Dato’ Seri Hj Suhaimi Hj Abdul Rahman, said that the utilisation of the clean vehicles will reduce greenhouse gas emissions, improve air quality and public health, enhance energy diversity, save consumers’ money, and promote economic growth.

“The zero-emission vehicles include battery-electric vehicles, plug-in hybrid-electric vehicles, and hydrogen fuel-cell-electric vehicles. These technologies can be used in passenger cars, trucks and transit buses,” he added.

”This agreement marks an important and profound commitment towards Malaysia’s transition to a zero-carbon nation by 2030. Masers Energy is currently working with the transportation sector to convert to the ‘fifth fuel’ and usage of electric vehicles as part of our strategy on providing cheaper, cleaner and reliable energy for the nation.”

“Towards achieving this objective, 3000 electric vehicle charging stations will be constructed and made available to the public in two years time.”

“These electric vehicles will contribute tremendously towards the reduction of greenhouse gas emissions and the resulting consequences on the environment. Economically, users of the average zero-carbon emission vehicle will experience a substantial savings in fuel costs by 2030.”

The KL Electric A-gogo is a point to point service, which is able to move people from one place to another, by just grabbing the electric car from the station of point A to point B, instead of having to drive or take the taxi, bus or LRT.

“The beauty of KL Electric A-gogo is that it is environment friendly as the car which will be used are fully powered by electricity.  Apart from that, we also get to save a lot of time. This is due to the fact that the users require no extra time to look for parking and they can use the bus and taxi lane around Kuala Lumpur,” said Dato’ Seri Hj Suhaimi.

The charges of the five-seater electric cars will be on a per block of 30 minutes basis, which is expected to be very reasonable as compared to the price of cab.

“KL Electric Mobility is actually killing two birds with one stone as apart from going green, the company is also helping the societies by creating job opportunities.

“By having the car sharing service in Kuala Lumpur, DBKL will also get to play its role in going green, and facilitate the car sharing services for the benefits of its own citizens and people from the other states, as well as tourists from all over the world to experience and play its part to save Kuala Lumpur and the world,” added Dato’ Seri Hj Suhaimi.

Earlier, in November Masers Energy announced it would be investing US$1billion (RM3.3 billion) to roll out two mega projects next year; the Melaka Green Special Economic Zone (Melaka Green SEZ) and the National Smart Grid City in the Iskandar Region, Melaka and Kuala Lumpur.

The  project  will  be  backed  by  government  sovereign  guarantee  of  US$30billion (RM99billion)  to finance both projects integrating digital Smart Grid City technology and using energy efficiency as the fifth fuel in Malaysia to reduce carbon footprint and to develop a sustainable zero carbon environment. These two mega projects will also create 24 million jobs over the next 10 years.