UEM Group Berhad Purchases Majority Stake in Cenergi SEA Berhad

Malaysian engineering-based infrastructure and services company UEM Group Berhad has secured majority shares in sustainable energy solutions company Cenergi SEA Berhad (Cenergi) from Khazanah Nasional Berhad (Khazanah). UEM Group said in a statement on Wednesday that Cenergi is now a subsidiary of UEM Group.

“Cenergi has a commendable track record with projects and presence across the country,

“We see immense potential in this company and are committed to nurture as well as provide the necessary expertise, operational and financial support that will enhance Cenergi’s operational capabilities, secure more projects and usher in a new era of growth,” UEM Group Managing Director Mohd Izani Ghani said.

According to him, Cenergi is a key asset of UEM Group and the firm’s goal is to ultimately position Cenergi as a green domestic champion to contribute significantly to Malaysia’s sustainable future.

He also said renewable energy is one of the key sectors and immediate priority of UEM Lestra Berhad (UEM Lestra), the green industries arm and wholly-owned subsidiary of UEM Group.

“This is due to the sector’s strong market attractiveness and high importance to Malaysia’s decarbonization agenda,

“Cenergi’s extensive experience and capabilities in this sector makes them a valuable addition to UEM Group and UEM Lestra specifically,” he said.