UEM EDGENTA ADVANCING TO A TECHNOLOGY-ENABLED, SUSTAINABILITY-FOCUSED GLOBAL SMART & SUSTAINABLE CITY ORCHESTRATOR
KUALA LUMPUR, 31 July – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region's leading Asset Management & Infrastructure Solutions company, recently concluded its annual
month-long celebration – "Innovation Month" under the theme "Driving Technology, Advancing Sustainability". This event highlights UEM Edgenta's remarkable transition into a technology-enabled, sustainability-focused smart and sustainable city solutions provider.
Throughout the Innovation Month, UEM Edgenta hosted a series of engaging sessions and interactive product demonstrations that captivated participants, empowering them to contribute actively to the transformation journey. As a catalyst for positive change, the programme emphasises on driving technology, advancing sustainability, creating job opportunities, and staying ahead of the curve through upskilling initiatives.
The month-long programme culminated in a remarkable Innovation Showcase Day. The event saw participation from industry experts, technology enthusiasts and passionate young students from Universiti Malaya (UM), Universiti Teknologi Malaysia (UTM), University Kuala Lumpur (UniKL), International Islamic University Malaysia (IIUM) and Monash University, who immersed themselves in the Company’s proprietary technology and sustainability solutions; including Road Asset Management System, UETrack™ digital solutions and Asseto, a Software as a Service (“SaaS”) asset management platform incorporating IOT and ESG analytics. An audience of investors had the opportunity to witness the fruition of the earnest efforts put forth in executing the ambitious "Edgenta of the Future" ("EoTF 2025") growth strategy; aimed at achieving dual objectives of enhancing resilience and accelerating growth through the integration of technology and sustainability solutions in its service delivery to clients across six (6) geographical locations.
Technology enablement has been the driving force towards realising EoTF 2025 vision. Leading the innovation charge is Edgenta NXT, the in-house digital platform, that is building a tech ecosystem that transition the Company from managing individual assets to driving value, efficiency and connectivity across entire townships and cities as a smart city enabler.
Syahrunizam Samsudin, the Managing Director and Chief Executive Officer of UEM Edgenta, expressed his excitement and pride in the success of the event. "Our ongoing pursuit of innovation is a testament to UEM Edgenta's commitment to fostering a culture of excellence and progress. The exchange of groundbreaking ideas has further energised us to drive continuous improvement and make a positive impact on our employees, the community, and the environment".
“We believe that our innovation in delivering smart and sustainability solutions, including Green Building certifications, zero upfront capex Energy Performance Contracts and ESG data analytics platform are aligned with the National Energy Transition Roadmap vision in promoting energy efficiency and renewable energy for a low-carbon ecosystem. As part of UEM Group, we are supporting its foray into developing the country’s green industries and contributing to its green investment platform by relentlessly enriching our sustainability-driven suite of solutions,” he highlighted.
UEM Edgenta continues to embark on this remarkable journey of innovation, propelling growth while delivering technology and sustainability-enabled impact to all stakeholders.
UEM SUNRISE NAMES HAFIZUDDIN SULAIMAN AS NEW CFO
KUALA LUMPUR, 28 July 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has announced the appointment of Hafizuddin Sulaiman as the new Chief Financial Officer (CFO) in a Bursa Malaysia filing, effective 1 August 2023.
With Hafizuddin to succeed his new role, acting Principal of Finance Officer Azmy Mahbot will resume his role as Head, Controller of the group on the same date onwards.
Prior to his appointment, Hafizuddin, 48, was Group Head of Strategy for QSR Brands (M) Holdings Bhd. He has held several senior management roles including stints as Chief Treasury Officer at Berjaya Corp Bhd, and as Head of Treasury at Permodalan Nasional Bhd.
Specialising in business planning, venture capital, equities, capital markets and mergers & acquisitions (M&A) for more than 22 years, Hafizuddin was notably Director of Finance at Khazanah Nasional Bhd from May 2005 to October 2019.
A bachelor’s degree holder in accounting from Universiti Teknologi MARA, Hafizuddin is also a chartered accountant of the Malaysian Institute of Accountants, having practiced at Ernst and Young for over five years.
UEM GROUP AND ITRAMAS TO DEVELOP 1 GW HYBRID SOLAR PHOTOVOLTAIC POWER PLANT INTEGRATED WITH A RENEWABLE ENERGY INDUSTRIAL PARK IN MALAYSIA
KUALA LUMPUR, 27 July 2023 – UEM Group Berhad (UEM Group), the wholly-owned subsidiary of Khazanah Nasional Berhad (Khazanah), has inked Memorandums of Understanding (MoUs) with local and foreign investors to develop a one (1) gigawatt (GW) Hybrid Solar Photovoltaic (PV) Power Plant integrated with a Renewable Energy (RE) Industrial Park in Malaysia (the Project).
The Project is in line with the strategic and high-value national flagship energy transition projects under the National Energy Transition Roadmap (NETR), which was launched by the Minister of Economy today for which Khazanah has been named as the champion for Renewable Energy Zone (REZ) in Malaysia.
The Project will be developed by UEM Group in collaboration with local investor, ITRAMAS Corporation Sdn. Bhd. (ITRAMAS), currently the largest vertically integrated solar plant developer, EPCC (Engineering, Procurement, Construction, and Commissioning) and service provider in Malaysia. The collaboration will see both parties leveraging complementary expertise, resources and networks, to achieve synergies that will ensure greater success for the Project.
The Project has also attracted renowned foreign strategic investors which include the likes of Blueleaf Energy and ITRAMAS’s existing partners, China Machinery Engineering Wuxi Co. Ltd. (CMECWUXI) and HEXA Renewables. The Project investors are in discussion with UEM Group to consider participating through multiple potential roles including collaborating on project development, financing (including equity investments) and commercialisation (including offtake of green electricity). ITRAMAS alongside CMECWUXI also intend to be the anchor tenants and initial green electricity offtakers within the RE Industrial Park.
The RE Industrial Park aims to attract foreign manufacturers and suppliers across the RE and Electric Vehicle (EV) value chains as well as other high-tech companies to set up operations and Research and Development facilities in the park, which in turn could drive the growth of the overall energy transition and EV ecosystems in Malaysia.
A brief introduction of the three foreign investors:
(1) Blueleaf Energy – a standalone portfolio company of Macquarie Asset Management’s Green Investment Group, is a leading green infrastructure-focused platform that develops, finances, owns and operates renewable energy, storage assets and decarbonisation solutions to accelerate the energy transition towards net zero. Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone.
(2) CMECWUXI – a state-owned enterprise and subsidiary of China Machinery Engineering Co. Ltd., with presence in more than 100 countries, and businesses covering solar photovoltaic power generation as well as other renewable energy sources, large-scale machinery manufacturing, precision equipment, environmental protection, building materials, lighting, medical supplies, supply chain services and other industries; and
(3) HEXA Renewables (HEXA) – a leading developer of solar and wind projects with offices and teams on the ground in Singapore, Malaysia, Taiwan, South Korea, Japan, Philippines, and India. It is a wholly-owned subsidiary of I Squared Capital, a global infrastructure fund with approximately USD37 billion of assets under management. HEXA plans to partner with Development Finance Corporation (DFC), the U.S. government's development finance institution, to finance this Project in Malaysia, an Indo-Pacific Economic Framework for Prosperity (IPEF) founding member.
Signing the MOU for UEM Group was its Managing Director, Dato’ Mohd Izani Ghani. The other signatories are – Lee Choo Boo, Managing Director of ITRAMAS; Raghuram Natarajan, CEO of Blueleaf Energy; Kathy Hsu, Chairman of the Board and General Manager of CMECWUXI; and Vince Choi, CEO of HEXA Renewables.
Present to witness the signing was YB Mohd Rafizi Ramli, Minister of Economy; YB Nik Nazmi Nik Ahmad, Minister of Natural Resources, Environment and Climate Change; Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah; Tunku Hammam Tunku Sulong, Executive Director of ITRAMAS; Nik Hadi Nik Mahmood, Country Head of Macquarie Group, Malaysia; Rong Wei, Deputy General Manager of CMECWUXI; and Harsh Agrawal, Senior Partner of I Squared Capital.
Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah said, “Khazanah fully supports the NETR, a catalyst for the achievement of Malaysia’s aspiration in becoming a regional leader in the fields of energy transition and renewable energy. This Project is a step in the right direction and demonstrates UEM Group’s commitment to sustainable green initiatives moving forward.”
Dato’ Mohd Izani, Managing Director of UEM Group said, “This Project is in line with the strategic and high-value national flagship energy transition projects under NETR, launched by the Minister of Economy. We’re pleased to have on our side our local investor, ITRAMAS as well as established and globally renowned companies to develop and invest in our first 1 GW hybrid solar photovoltaic power plant integrated with RE industrial park. ITRAMAS, Blueleaf Energy, CMECWUXI, and HEXA Renewables are investors that are not only committed to invest and develop Malaysia’s renewable energy assets but have also pledged to upskill local contractors in the RE industry, provide job creation and undertake knowledge transfer, all of which fits into UEM Group’s aim of creating high quality employment opportunities for Malaysians.”
“ITRAMAS is fully committed, together with Khazanah and UEM Group, to ensure the resounding success of this flagship energy transition project under the RE Zone and the National Energy Transition Roadmap. We are delighted with the strong support and commitment of our long-term partners in the international market, I Squared Capital and CMECWUXI, to invest in this project and in Malaysia. Together with Khazanah, UEM Group, HEXA Renewables, Blueleaf Energy and CMECWUXI, we will provide a strategic catalyst to propel our nation to be a regional leader in energy transition and renewable energy value chain.” said Mr Lee Choo Boo, Managing Director of ITRAMAS."
Blueleaf Energy is pleased to be part of the MoU today with our esteemed partners and contribute our technology, financing and commercialization expertise to realize the investment, development, construction and operation of reliable, long-term and commercially viable renewable hybrid energy solutions for the national significance RE industrial zone initiative in the country under the NETR framework. Investing in Malaysia's renewable energy projects is strongly supported by government’s sustainability vision and a growing demand for green energy solutions. The realization of this project with strong public and private sector support will be an important step towards achieving Malaysia’s climate commitment of 40 percent RE in the power mix by 2035, thereby creating a positive social and environmental impact and securing long-term benefits for the country.”
“The world is multilateral, but it is the responsibility and mission of every entrepreneur in the world to promote the development of economy between countries and benefit the happiness index of the people of the two countries. The world advocates a low-carbon lifestyle and realizes zero-emission manufacturing as soon as possible. As a member of "CMEC New Energy", we, CMECWUXI, take it as our corporate mission and responsibility, and work hard with UEM Group/ITRAMAS for the development of new energy in Malaysia, China, and even the world!” Kathy Hsu, Chairman of the Board and General Manager of CMECWUXI.“
I Squared Capital and our wholly owned renewable energy platform, HEXA Renewables Malaysia, are proud to participate in this landmark project,” said Harsh Agrawal, Senior Partner at I Squared Capital. “Having invested in nearly 5.8 gigawatts of renewable assets around the world, we are excited to bring our expertise in green power generation to help catalyze the energy transition in Malaysia, an IPEF founding member.”
UEM EDGENTA PARTNERS WITH ZOO NEGARA TO PRESERVE WILDLIFE BY SPONSORING 100-YEAR-OLD GIANT TORTOISES AND A 5-YEAR-OLD GIRAFFE
KUALA LUMPUR, 11 July – UEM Edgenta Berhad (“UEM Edgenta” or “Company”), the region’s leading Asset Management and Infrastructure Solutions company, continues its unwavering commitment to a sustainable future for all through its Corporate Responsibility (“CSR”) initiatives at Zoo Negara (“Zoo”). Under their visionary programme “Saving Animals, Serving Community”, UEM Edgenta has taken a significant step towards animal welfare by sponsoring a pair of more than 100-year-old Aldabra Giant Tortoises, affectionately named Do and Re, as well as renewing the adoption of a 5-year-old giraffe, Mas Kira. This extension of support reflects the Company's dedication to conservation efforts and the preservation of wildlife.
Aldabra Giant Tortoises, which originated in the Seychelles, have a lifespan of 80 to 200 years, making them truly remarkable creatures. Giraffes, the majestic giants of the animal kingdom, are native to Africa. The sponsorship from UEM Edgenta will safeguard the well-being of these Aldabra Giant Tortoises and giraffe for the next 12 months, including their welfare, provision of food supply, and veterinary care. This initiative aligns seamlessly with the Company's Environmental, Social, and Governance (“ESG”) efforts. Furthermore, supporting animal welfare is increasingly recognized as a key contribution to the United Nations Sustainable Development Goals (“SDGs”).
"We are delighted to collaborate with Zoo Negara on these initiatives. Through our collective efforts, we strive to promote environmental conservation, education, and community development. UEM Edgenta remains committed to making a positive impact and inspiring future generations " expressed Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, while discussing the “Saving Animals, Serving Community” programme.
"At UEM Edgenta, we firmly believe that prioritizing ESG levers, targets, and commitments in our efforts towards sustainability is not just essential for preserving wildlife, but also for maintaining the harmony of our ecosystem and securing a prosperous future for generations to come. We are constantly exploring innovative initiatives to nurture and protect our valuable wildlife, showcasing our unwavering dedication to nature conservation. I wholeheartedly applaud the exceptional efforts of the teams at Zoo Negara in ensuring the well-being of these remarkable creatures. We sincerely hope that more organizations and individuals will join us in supporting Zoo Negara’s admirable mission of providing utmost care for these precious animals," he added.
UEM Edgenta received the animal adoption certificate from Rosly@Rahmat Ahmat Lana, the Deputy President of the Malaysian Zoological Society, further affirming UEM Edgenta's commitment to wildlife conservation and protection.
To enhance the zoo's surroundings and provide a pleasant environment for visitors and inhabitants alike, UEM Edgenta mobilized a team of volunteers comprising 60 participants from UiTM Shah Alam students and Edgenta employees. These dedicated individuals contributed to gardening and landscaping works, transforming the Zoo's landscapes into vibrant and captivating spaces. Additionally, UEM Edgenta is sponsoring a visit to Zoo Negara for 20 deserving primary school children from SK Jenderam, Dengkil. This educational opportunity aims to expose these young minds to the wonders of the animal kingdom and engage them in outdoor learning activities. The children will enjoy a comprehensive tour of the zoo, culminating in a thrilling Multi-Animal Show featuring the mesmerizing talents of sea lions and macaws.
UEM Edgenta's remarkable efforts in supporting environmental conservation and animal welfare are a testament to their unwavering dedication to creating a harmonious and sustainable future for both humanity and animals. The Company encourages others to follow in their footsteps, nurturing a collective consciousness towards the preservation of our planet's ecosystems and its diverse inhabitants.