UEM sees new growth opportunities with Cenergi

KUALA LUMPUR: UEM Group Bhd could realise synergistic business opportunities from the inclusion of Cenergi SEA Bhd in its portfolio of companies, says UEM Group managing director Datuk Mohd Izani Ghani.

Cenergi, a sustainable energy solutions firm, recently became a subsidiary of UEM after the latter secured a majority stake in the company from Khazanah Nasional Bhd.

“We see immense potential in this company and are committed to nurture as well as provide the necessary expertise, operational and financial support that will enhance Cenergi’s operational capabilities, secure more projects and usher in a new era of growth.

“Cenergi is a key asset of UEM Group and our goal is to ultimately position Cenergi as a green domestic champion to contribute significantly to Malaysia’s sustainable future,” said Mohd Izani in a statement.

He added that Cenergi’s inclusion in the UEM Group will further promote strategic complementarity among its subsidiaries across different core businesses.

Cenergi specialises in reducing carbon footprint through investment in renewable energy, specifically biogas, biomass and solar as as well as energy efficiency projects.

According to the group, Cenergi is Malaysia’s largest grid-connected palm oil mill effluent biogas player.

It has a portfolio of 23 biogas power plants in Malaysia and Indonesia, with a total generation capacity of 39.6 megawatt (MW).

It also has 20 solar projects nationwide, consisting of both solar farms and rooftop solar, with a cumulative capacity of over 37.6 megawatt peak.

At present, Cenergi has in the pipeline biogas, rooftop solar and solar farm projects that are under construction and development in the country.

In addition, its subsidiary Cenergi EE Holdings Sdn Bhd was recently allotted a 29.99MW quota under the Energy Commission’s Corporate Green Power Programme.