Kinergy Advancement upbeat on Malaysia's renewable, sustainable energy initiatives - MIDA | Malaysian Investment Development Authority
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Kinergy Advancement upbeat on Malaysia’s renewable, sustainable energy initiatives

Kinergy Advancement upbeat on Malaysia’s renewable, sustainable energy initiatives

19 Dec 2023

Sustainable energy and engineering solutions provider Kinergy Advancement Bhd (KAB) is upbeat about its outlook and positive on the nation’s renewable and sustainable energy initiatives.

In a statement today, KAB said the company is driving forward with transformative projects that align with Malaysia’s National Energy Transition Roadmap (NETR) and National Energy Policy (NEP).

This is based on the insights from a research report by Datametrics Research and Information Centre (DARE) entitled A Comparative Analysis of Renewable and Sustainable Energy Platforms in Malaysia.

KAB executive deputy chairman and group managing director Datuk Lai Keng Onn said aligning with the insights from the research report, the company is more confident in its mission to push innovation forward in the renewable energy sector.

“Our projects and initiatives are not just business strategies. They are our contributions to the global energy shift towards a sustainable future for Malaysia and beyond.

“This alignment with national and global energy goals propels us to continue our journey in sustainable energy, ensuring that our growth is both environmentally responsible and economically viable,” he said.

DARE report provided a detailed, multifaceted examination of Malaysia’s renewable energy landscape, offering insights into various sustainable platforms and their potential impacts.

DARE’s findings highlight the critical distinction between renewable and sustainable energy, underscoring the role of carbon offset in Malaysia’s green initiatives.

DARE managing director Pankaj Kumar highlighted the significance of adaptable technologies such as cogeneration (Cogen) and waste heat recovery (WHR), citing successful international models.

KAB’s application of sustainable technologies in real-world scenarios has led to tangible successes.

A prime example is their project for Safran Group, an esteemed aerospace company, at its sole Malaysia subsidiary in Sendayan, Seremban.

The WHR initiative led to substantial energy savings at the facility. This project not only highlights KAB’s expertise in energy-efficient solutions but also cements its reputation as an ASEAN leader in green technology.

KAB’s adoption of these technologies, along with their recent Bioenergy partnership with Agromate Holdings Sdn Bhd, exemplifies the company’s proactive approach to addressing Malaysia’s renewable energy requirements and contributing to the global shift towards sustainable energy.

Lai said KAB’s direction is clear: to lead in the transition to sustainable energy while maintaining robust economic growth.

He said this positions KAB as an attractive prospect for investors looking to contribute to sustainable development.

With a strong foundation in engineering sustainable energy technologies and a keen focus on innovative solutions, KAB is poised for significant growth in the years to come, he said.

Source: NST