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UOB reiterates to support transition to cleaner energy | Daily Express Online


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.  ....

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KAB appoints Dr Ong Peng Su as new chairman


KUALA LUMPUR (Bernama) Kejuruteraan Asastera Bhd (KAB), an electrical and mechanical engineering services provider, has appointed Datuk Dr Ong Peng Su as its independent non-executive chairman, taking over from Yoong Kah Yin effective today.
In a statement today, the company said Ong graduated from the University of Strathclyde, Scotland, with a First Class Honours BSc in Electrical and Electronic Engineering. He then pursued his Doctor of Philosophy in Power Systems and was subsequently awarded his PhD in 1982.
Ong brings to KAB more than 35 years of experience in the power industry.
Managing director Datuk Lai Keng Onn said Ong’s vision is in line with the group’s next phase of growth. ....

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