Published on: Friday, April 16, 2021
By: Bernama
1,200 megawatt combined-cycle gas turbine power plant in Pulau Indah, Selangor.
Kuala Lumpur: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has reiterated its commitment to help the country’s transition to cleaner energy by supporting power plants with lower environmental impact and financing natural gas and solar projects in the country.
In a statement Thursday, UOB Malaysia said the bank was a co-financier in a Commodity Murabahah Term Financing-i facility for the recently-announced 1,200 megawatt combined-cycle gas turbine power plant in Pulau Indah, Selangor.
“Upon completion in 2024, the power plant is expected to meet the demand in the Klang Valley in a more sustainable manner because a natural gas power plant has higher energy efficiency and emits 50 to 60 per cent less carbon dioxide per kilowatt-hour than a typical coal plant,” it said.
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has reiterated its commitment to help the country's transition to cleaner energy by supporting power plants with lower environmental impact and financing natural gas and solar projects in the country.