Kenanga Investment Bank wins ‘Energy-Efficient Retrofitted Building’ at National Energy Awards

KUALA LUMPUR: Kenanga Investment Bank Bhd has been named ‘winner’ in Energy-Efficient Building in Retrofitted Building, at the National Energy Awards (NEA).

The award recognises initiatives that adopt sustainable energy practices in either new or retrofitted buildings.

From a pool of 114 submissions encompassing Malaysian residents, businesses, and organisations, Kenanga Investment Bank has been selected together with 22 other entries from various categories, to represent Malaysia at the forthcoming Asean Energy Awards 2023.

Group managing director Datuk Chay Wai Leong said: “We are proud to be part of the line-up of winners at this coveted event and to have the opportunity to represent the country for such a meaningful and crucial agenda.”

“Central to Kenanga’s decarbonising programme is the deployment of innovative technology, and we are pleased that through piloting an AI-powered predictive cooling control solution, we are able to leapfrog the energy efficiency of our headquarters in Kuala Lumpur.

“We are guided by the urgent need to step up climate action and will continue to prioritise and promote sustainable practices throughout the organisation,” he said in a statement.

Kenanga said the implementation of a cutting-edge artificial intelligence (AI) solution within the centralised air conditioning system – the most significant contributor to Kenanga Tower’s energy usage – had yielded approximately 50% reduction in its air conditioning energy consumption.

It added that the successful transformation of its air conditioning (AC) system and air handling unit (AHU), was complemented by the installation of energy-efficient lighting solutions throughout its premises, resulting in overall energy reduction of 25% at the end of December 2022, and continued to achieve substantial reduction into this year.