Kinergy Advancement Berhad (“KAB” or “the
Group”), today announced a strategic collaboration that empowers to support Perak’s Key
State Agency - Perbadanan Kemajuan Negeri Perak (“PKNPk”) for the development of 29
potential renewable energy projects in Perak, targeting power generation of over 1,800 MW
capacity power generation.
Under this agreement, KAB's wholly owned subsidiary, KAB Energy Holdings Sdn Bhd
(“KABEH”), will collaborate with PKNPk, to identify, evaluate and develop renewable energy
projects across Perak. The Group’s technical expertise takes centre stage in this strategic
collaboration, driving innovative energy developments with the aim of advancing the national
energy transition for the region.
Leveraging a proven track record in managing diverse energy portfolio, KABEH is taking the
lead in conducting in-depth feasibility studies to evaluate the technical, commercial and legal
viability of potential project sites. These studies span hydropower generation from identified
rivers, floating solar installations on lakes and ground-mounted solar projects on stateallocated land. KABEH will also spearhead the subsequent implementation phase, ensuring
seamless execution.
KABEH and PKNPk establish a partnership aimed at advancing shared goals to drive the
energy transition in Perak. By tapping into the immense potential of hydropower, floating
solar and ground-mounted solar projects across strategic locations and with the support
of PKNPk - which provides access to critical resources such as rivers, lakes and state-owned
land – the partnership is well-positioned to capitalise on these opportunities.
Aligned with Perak Sejahtera 2030 Flagship 12: Water Resources and Renewable Energy,
this partnership not only enhances the energy resilience of Perak but also contributes to the
broader national goals of sustainable and renewable energy development. The initiatives
under this collaboration directly support the objectives of increasing water resource efficiency
and promoting renewable energy usage, marking a significant step toward achieving
Malaysia's long-term sustainability targets.
Datuk Redza Rafiq Abdul Razak, Chief Executive of PKNPk, stated:
“With its abundant natural resources, Perak is making significant strides in developing
renewable energy. This is part of its broader efforts to transition towards a greener, more
sustainable future. Perak’s potential to become a key player in Malaysia's renewable energy
landscape, tapping into various energy sources like solar power and hydropower, is a reason
for optimism and a testament to our unwavering commitment to sustainability."
"As the clean energy transition gains momentum, the increasing deployment of renewable
energy solutions like hydropower and solar energy is indeed exciting. However, the more
variable renewables connect to the grid, the more we realise the pressing need for firm, flexible
and renewable power and storage to effectively balance supply and demand. This
collaboration marks a significant milestone in Perak's journey towards a sustainable energy
future. With KABEH's expertise in renewable energy and PKNPk's strategic role in driving
state development, particularly in energy infrastructure and policy, we are confident that this
partnership will unlock Perak's vast hydropower and solar energy potential. The successful
execution of these projects will not only enhance Perak's renewable energy capacity but also
create new economic opportunities. This, along with our commitment to fostering a greener,
more resilient economy for future generations, provides inspiration and hope about our
strategic direction and the region's potential for growth.”
Dato’ Lai Keng Onn (“Dato’ Lai”), Executive Deputy Chairman cum Group Managing
Director of KAB, shares:
“Perak is a region brimming with potential, especially in hydropower and solar energy, and we
are excited to collaborate with PKNPk to tap into these resources in a meaningful way. KAB
is proud to be a key partner, offering expertise to drive sustainable development and collaboratively explore Perak’s energy potential, with 50 megawatts of power generation
capacity projects currently in the pipeline.
Our Sustainable Energy Solutions (SES) segment was created with the goal of providing
innovative, cleaner energy solutions that make a real difference for both the environment and
the communities we serve. We are focused on building a future where energy infrastructure is
just efficient, but also sustainable and accessible to all.
We are confident that these strategic investments and dedicated efforts will drive a significant
expansion of renewable energy capabilities. By partnering with PKNPk, we can accelerate the
development of sustainable energy infrastructure, strengthening Perak’s position as a leader
in Malaysia’s renewable and clean energy transition. This collaboration will bring
transformative benefits at both the state and national levels, paving the way for a more resilient
future,” concluded Dato Lai.
