KUALA LUMPUR: DBS Bank, Malayan Banking Bhd (Maybank) and project sponsor Ditrolic Energy Holdings Sdn Bhd have signed a memorandum to develop a financing framework for the Southern Johor Renewable Energy Corridor (SJREC).
Signed at the 19th Singapore International Energy Week 2026, the memorandum aims to improve the project's bankability and financing readiness, while strengthening Malaysia-Singapore cooperation in renewable energy.
SJREC is a US$6 billion solar and battery storage development in Johor, co-developed by Ditrolic Energy and Permodalan Darul Ta'zim, the state government's strategic investment arm.
The memorandum brings together multilateral and commercial financing institutions to develop a dedicated financing and bankability framework for a Malaysia-Singapore cross-border renewable electricity project.
