SEACEF’s Post

Tenaga Nasional Berhad, in collaboration with the Selangor State Government, is spearheading #renewableenergy and sustainable projects, in line with #Malaysia’s goal of achieving #netzero emissions by 2050. This partnership was formalized through the signing of a Memorandum of Understanding (#MoU). As part of the National Energy Transition Roadmap (NETR), TNB is leading several key initiatives, including the development of five #CentralisedSolarParks (CSP) across Peninsular Malaysia. The CSP initiative, which involves TNB Renewables, #SMEs, State Entities, and Cooperatives, aims to involve Bumiputera SME entrepreneurs in RE ventures. The first CSP project, located in Mukim Ulu Bernam, is slated for completion by early 2026. #TNB #Selangor #RenewableEnergy #Sustainability #Malaysia #NetZeroEmissions #SolarPower #EnergyTransition #MoU #Southeastasia Read more: https://lnkd.in/dK5CGRjc

22 August 2023: Kinergy Advancement Berhad (KAB), formerly known as Kejuruteraan Asastera Berhad, is pleased to announce its achievement with the 𝐇𝐈𝐆𝐇𝐄𝐒𝐓-𝐄𝐕𝐄𝐑 quarterly PAT. 💲 𝐊𝐀𝐁’𝐬 𝐏𝐫𝐨𝐟𝐢𝐭-𝐚𝐟𝐭𝐞𝐫-𝐓𝐚𝐱 𝐐𝐮𝐚𝐝𝐫𝐮𝐩𝐥𝐞𝐬 𝐟𝐨𝐫 𝟐𝐐 𝟐𝟎𝟐𝟑, 𝐒𝐨𝐚𝐫𝐢𝐧𝐠 𝐛𝐲 𝟒𝟐𝟒% 𝐘𝐨𝐘 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 (𝐒𝐄𝐒) 𝐒𝐞𝐠𝐦𝐞𝐧𝐭  𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬 𝐑𝐞𝐦𝐚𝐫𝐤𝐚𝐛𝐥𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐚𝐣𝐞𝐜𝐭𝐨𝐫𝐲 • Robust performance recorded 155.1% and 182.6% YoY for Quarter and YoY for 6M increase in segment result • Impressive surged of 182.6% in 6-month period ended 30 June 2023 (6MFY23) 𝐆𝐫𝐨𝐮𝐩 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞   • Revenue recorded an increase of 5.7% • 6MFY23 reported an increase of 380.4% in PAT 𝐀𝐜𝐜𝐨𝐦𝐩𝐥𝐢𝐬𝐡𝐦𝐞𝐧𝐭 𝐭𝐨 𝐄𝐱𝐢𝐬𝐭𝐢𝐧𝐠 𝐃𝐢𝐯𝐞𝐫𝐬𝐞 𝐒𝐄𝐒 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 • Consolidating KAB’s position in the solar energy domain with: i. Successful acquisition of a solar asset located in Kuala Lumpur, Malaysia onto our SES portfolio ii. Awarded as one of the Solar Power Producers under Corporate Green Power Programme (CGPP) • Expecting completion of 2 on-going acquisitions, namely a Mini-hydro plant and a Biogas plant KAB continues to grow in a sustainable manner and explore potential opportunities from a prudent risk-reward perspective both locally and abroad across Southeast Asia, as the One-Stop Energy & Engineering Solutions Provider. 🔎 Read more 𝐁𝐮𝐫𝐬𝐚 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭: https://lnkd.in/gET5a6Nt 𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞: https://lnkd.in/gTjCpw4F Visit us at www.kinergyadvancement.com #KAB #KinergyAdvancement #financialresult #2Q23 #alternativeenergy #SES #sustainableenergy #onestopsolutions #renewableenergy #cleanenergy #energyefficient #growth #transformation #excellence

#indonesia's energy sector exceeds expectations with $30.3bn 2023 #investment Ministry of Energy and Mineral Resources (ESDM) of Indonesia announced a remarkable achievement in the energy sector, securing an investment of USD 30.3 billion in 2023. This marks an impressive 11% increase compared to the previous year’s achievement of USD 27 billion. https://lnkd.in/g3GHTctD #indonesiajobs #energytransition #renewableenergy #globalchallenges

How digital twins can revolutionize energy operations in Indonesia. Our blog dives into how R2S application is making a tangible difference in energy transition. https://hubs.la/Q02xKqKc0 #digitaltwin #energyinnovation #Indonesia

🌏 𝐄𝐱𝐭𝐞𝐧𝐝𝐞𝐝 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐢𝐧 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚 𝐰𝐢𝐭𝐡 𝟏𝐬𝐭 𝐆𝐫𝐞𝐞𝐧𝐟𝐢𝐞𝐥𝐝 𝐁𝐢𝐨𝐠𝐚𝐬 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 Kinergy Advancement Berhad (KAB), through its pivotal Sustainable Energy Solutions (SES) entity, KAB Energy Holdings Sdn Bhd (KABEH), has proposed to acquire the entire stake in PT Green Energy Specialist One (PT GESO). This endeavour builds upon KAB's initial entry into Indonesia with a mini-hydroplant in North Sumatra and signify KAB’s SES inauguration of a flagship greenfield biogas plant in Indonesia. 🤝 Dato' Lai Keng Onn, Executive Deputy Chairman cum Group Managing Director, has at KAB's Headquarter today completed a signing of agreement. He said, “The acquisition of the Aceh biogas plant is a strategic move that aligns perfectly with our growth plan in the realm of sustainable energy. Indonesia, being the world’s largest producer of palm oil, presents a compelling choice for this development, with abundant feedstock available for biogas production.”    🌟 𝐒𝐞𝐜𝐮𝐫𝐞𝐝 𝐰𝐢𝐭𝐡 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐢𝐭𝐢𝐞𝐬 𝐨𝐟: ▪ 𝐴 6.5 ℎ𝑒𝑐𝑡𝑎𝑟𝑒𝑠 𝑙𝑎𝑛𝑑 𝑎𝑐𝑞𝑢𝑖𝑠𝑖𝑡𝑖𝑜𝑛 ▪ 4 𝑝𝑎𝑙𝑚 𝑜𝑖𝑙 𝑚𝑖𝑙𝑙𝑒𝑟𝑠’ 𝑠𝑎𝑙𝑒 𝑎𝑛𝑑 𝑝𝑢𝑟𝑐ℎ𝑎𝑠𝑒 𝑜𝑓 𝑝𝑎𝑙𝑚 𝑜𝑖𝑙 𝑒𝑓𝑓𝑙𝑢𝑒𝑛𝑡 ▪ 25-𝑦𝑒𝑎𝑟 𝑃𝑜𝑤𝑒𝑟 𝑃𝑢𝑟𝑐ℎ𝑎𝑠𝑒 𝐴𝑔𝑟𝑒𝑒𝑚𝑒𝑛𝑡 𝑤𝑖𝑡ℎ 𝐼𝑛𝑑𝑜𝑛𝑒𝑠𝑖𝑎’𝑠 𝑠𝑡𝑎𝑡𝑒 𝑒𝑙𝑒𝑐𝑡𝑟𝑖𝑐𝑖𝑡𝑦 𝑐𝑜𝑚𝑝𝑎𝑛𝑦 ▪ 𝐿𝑖𝑐𝑒𝑛𝑠𝑒𝑠 𝑎𝑛𝑑 𝐴𝑝𝑝𝑟𝑜𝑣𝑎𝑙𝑠 𝐊𝐀𝐁 𝐡𝐚𝐬 𝐨𝐧𝐜𝐞 𝐚𝐠𝐚𝐢𝐧 𝐝𝐞𝐦𝐨𝐧𝐬𝐭𝐫𝐚𝐭𝐞𝐝 𝐢𝐭𝐬 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐜𝐚𝐩𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐧𝐨𝐭 𝐨𝐧𝐥𝐲 𝐢𝐧 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐧𝐠 𝐛𝐮𝐭 𝐚𝐥𝐬𝐨 𝐢𝐧 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐢𝐧𝐠, 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧𝐢𝐧𝐠, 𝐚𝐧𝐝 𝐨𝐰𝐧𝐢𝐧𝐠 𝐝𝐢𝐯𝐞𝐫𝐬𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬, 𝐬𝐨𝐥𝐢𝐝𝐢𝐟𝐲𝐢𝐧𝐠 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐬𝐞𝐜𝐭𝐨𝐫.   ⚡ Aligned closely with the Group’s strategic regional growth, this intended acquisition will 𝒃𝒓𝒐𝒂𝒅𝒆𝒏 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒘𝒊𝒕𝒉𝒊𝒏 𝒕𝒉𝒆 𝒅𝒊𝒗𝒆𝒓𝒔𝒆 𝑺𝑬𝑺 𝒑𝒐𝒓𝒕𝒇𝒐𝒍𝒊𝒐 𝒂𝒏𝒅 𝒇𝒖𝒓𝒕𝒉𝒆𝒓 𝒆𝒙𝒑𝒂𝒏𝒅 𝒊𝒕𝒔 𝒇𝒐𝒐𝒕𝒑𝒓𝒊𝒏𝒕 𝒊𝒏𝒕𝒐 𝒓𝒆𝒏𝒆𝒘𝒂𝒃𝒍𝒆 𝒆𝒏𝒆𝒓𝒈𝒚 𝒑𝒓𝒐𝒋𝒆𝒄𝒕𝒔 𝒊𝒏 𝑰𝒏𝒅𝒐𝒏𝒆𝒔𝒊𝒂 𝒂𝒏𝒅 𝒐𝒕𝒉𝒆𝒓 𝒆𝒎𝒆𝒓𝒈𝒊𝒏𝒈 𝒎𝒂𝒓𝒌𝒆𝒕𝒔.   Read more in the comment section. 🔎www.kinergyadvancement.com 𝑆𝑖𝑛𝑐𝑒 𝐽𝑢𝑛𝑒 2023 | 𝑂𝑛𝑒-𝑆𝑡𝑜𝑝 𝐸𝑛𝑒𝑟𝑔𝑦 & 𝐸𝑛𝑔𝑖𝑛𝑒𝑒𝑟𝑖𝑛𝑔 𝑆𝑜𝑙𝑢𝑡𝑖𝑜𝑛𝑠 𝑃𝑟𝑜𝑣𝑖𝑑𝑒𝑟 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧𝐬 ◆ APAC 2024 Top Energy Sustainability Solutions Provider ◆ Constituent of FTSE4Good Bursa Malaysia Index and FTSE4Good Bursa Malaysia Shariah Index   #KAB #biogas #bioenergy #growth #expansion #excellence #Indonesia #palmoil #SES #sustainableenergy #onestopsolutions #renewableenergy #cleanenergy #energyefficient #alternativeenergy

NEFIN has joined hands with MYDIN to implement carbon-neutral energy solutions in Malaysia. NEFIN 立盈 has joined hands with Mydin Malaysia to implement #Carbon-neutralenergysolutions in Malaysia. This partnership marks their first collaboration in the Southern region. NEFIN is an Asia Pacific #Green independent #powerproducer, while MYDIN is home-grown wholesale and retail chain in Malaysia. Issuing a statement, the duo informed that NEFIN 立盈 will “install #solarsystems boosting the generation and usage of #cleanenergy, showcasing a significant step towards a #greenerfuture within the retail industry.” The state to reduce its #carbonemissions and #energyconsumption, while also setting a new standard for #sustainablepractices in the retail sector.” To be noted, Malaysia has committed to achieve climate neutrality and cutting #greenhousegasintensity against gross domestic product (GDP) by 45 percent by 2030 compared with 2005 levels. “This collaboration perfectly aligns with Mydin MalaysiaPrihatin forfuture’s mission to promote #sustainability and #environmental responsibility,” Haji Ameer Ali Mydin, Managing Director of Mydin Malaysia, was quoted in a statement. Mydin Malaysia informed that it is likely to save MYR 71.05 million ($52.42 million) through this installation with a total generation of 286,746,066kWh of #cleanenergy . Meanwhile, NEFIN 立盈 informed that it has offered the latest technology in #solarphotovoltaic panels. As of 2023, NEFIN 立盈 has successfully generated an impressive 200GWh of #renewableenergy. Bor Hung Chong, Managing Director of NEFIN 立盈 South East Asia and Head of Business Development, was quoted in a statement, “This partnership marks a leap towards creating a #greener and more #environmentally #consciousfuture for the entire retailing industry which will contribute significantly to Malaysia’s #sustainabilitygoals.” https://lnkd.in/ezkFM4Ze #solar #energy #greenenergy #sustainableenergy #sustainability #solarinstallation #malaysia  #cooperation #solarproject  #PV

NEFIN has joined hands with MYDIN to implement carbon-neutral energy solutions in Malaysia. NEFIN 立盈 has joined hands with Mydin Malaysia to implement #Carbon-neutralenergysolutions in Malaysia. This partnership marks their first collaboration in the Southern region. NEFIN is an Asia Pacific #Green independent #powerproducer, while MYDIN is home-grown wholesale and retail chain in Malaysia. Issuing a statement, the duo informed that NEFIN 立盈 will “install #solarsystems boosting the generation and usage of #cleanenergy, showcasing a significant step towards a #greenerfuture within the retail industry.” The state to reduce its #carbonemissions and #energyconsumption, while also setting a new standard for #sustainablepractices in the retail sector.” To be noted, Malaysia has committed to achieve climate neutrality and cutting #greenhousegasintensity against gross domestic product (GDP) by 45 percent by 2030 compared with 2005 levels. “This collaboration perfectly aligns with Mydin MalaysiaPrihatin forfuture’s mission to promote #sustainability and #environmental responsibility,” Haji Ameer Ali Mydin, Managing Director of Mydin Malaysia, was quoted in a statement. Mydin Malaysia informed that it is likely to save MYR 71.05 million ($52.42 million) through this installation with a total generation of 286,746,066kWh of #cleanenergy . Meanwhile, NEFIN 立盈 informed that it has offered the latest technology in #solarphotovoltaic panels. As of 2023, NEFIN 立盈 has successfully generated an impressive 200GWh of #renewableenergy. Bor Hung Chong, Managing Director of NEFIN 立盈 South East Asia and Head of Business Development, was quoted in a statement, “This partnership marks a leap towards creating a #greener and more #environmentally #consciousfuture for the entire retailing industry which will contribute significantly to Malaysia’s #sustainabilitygoals.” https://lnkd.in/ezkFM4Ze #solar #energy #greenenergy #sustainableenergy #sustainability #solarinstallation #malaysia  #cooperation #solarproject  #PV

MALAYSIA is looking to augment it's PPP policy with an aim to deliver increased social benefits, private investment, and fiscal management. through infrastructure development. The country is also exploring cross-border energy trade, including feasibility for establishing an energy exchange. There is continued interest from international developers to support country's decarbonization agenda through set-up of new renewable energy projects. Read the key developments in Infrastructure and PPPs in Malaysia in our latest insight series. https://lnkd.in/d2durnBU #malaysia #cleanenergy #decarbonization #PPPs

📰 Announcing Okapi Solar's successful closure of its oversubscribed pre-seed round led by The Radical Fund, with participation from angel investors, including the co-founders of Ninja Van, Chang Wen Lai and Shaun Chong. ☀️ Okapi is a #solar infrastructure #financing platform aiming to make solar energy affordable and accessible for home and business owners across Southeast Asia, starting with the residential market in Malaysia. Through strategic partnerships with EPCs, Okapi offers quick and cost-effective financing solutions to help reduce electricity bills for energy consumers of all sizes. 🔋 By sourcing competitive capital and allocating it to high-quality, low-cost solar assets, Okapi eliminates the psychological and logistical barriers to adopting solar energy. This seamless approach accelerates the energy transition across the region. 🏡 Malaysia's vast housing market, with nearly 9 million households, consists mainly of sophisticated middle-income consumers with strong credit ratings. Amid rising utility costs and recent government diesel subsidy reforms cutting RM4 billion and SolaRIS rebate to install solar energy systems on their rooftops, Malaysians are feeling the pressure of the energy transition. 🌟 Co-founded and led by Zhern Yung Lai, former Chief of Staff and VP of Corporate Development & Treasury at Ninja Van, who played a pivotal role in growing the company from Series B to a multi-billion dollar unicorn. With extensive experience in engineering, operations, and finance, Zhern Yung and his Co-Founder Christopher Kwong is now focused on addressing Southeast Asia's energy crisis. Read the full story here: https://lnkd.in/eABFYpSD Congratulations to the Okapi team! We're thrilled to support your journey towards a sustainable energy future. 🙌 www.okapisolar.com #Okapi #RadicalPortfolio #ClimateTech #SolarEnergy #RenewableEnergy #SoutheastAsia #Sustainability

By 2050, Malaysia’s population is expected to rise to 40.7 million people with its economy nearly tripling in size. In tandem with this, the country’s primary energy supply is anticipated to increase by 60% to reach 6.7 exajoules (EJ), up from 4.1 EJ in 2018. Electricity will comprise up to 40% of the final energy consumption, reflecting the additional electricity demand required to power the transport sector and green hydrogen production. The increasing importance of renewable energy in this scenario is undeniable. Boasting significant untapped potential in renewable energy resources, Malaysia is wellpoised to offer local, cost-effective alternatives to fossil fuels while contributing to energy source diversification. The country recently announced its aim to reach netzero emissions by as early as 2050, which is reflected in its latest National Energy Policy, and continues to refine a long-term low-emission development strategy. As part of our national ambition, we are diversifying our energy sources. Initiatives such as the promotion of electric vehicles (EVs) and other sustainable practices are undoubtedly steps in the right direction as we move forward. SIRIM’s role is to provide this foundational information to support industries in their sustainability efforts. We want to position SIRIM as the national carbon registrar for the country. To do so, SIRIM collaborates closely with government ministries and agencies to assist in achieving national development goals. Its primary commitment lies in helping the government establish a resilient and sustainable green energy sector in Malaysia. For example, SIRIM Industrial Research specialises in creating total solutions for various industries, particularly in energy efficiency, renewable technology and energy storage. #sirim #malaysia