Boustead Properties partners Opus International for sustainable energy solutions

• A joint statement on Tuesday said there will be two parts to the partnership — an energy performance contract (EPC) and a memorandum of business exploration (MOBE). This is in line with Boustead Properties’ commitment to sustainability, and environmental, social and governance (ESG) practices through the company’s BIJAU Sustainability Agenda.

KUALA LUMPUR (March 12): Boustead Properties Bhd, via its subsidiary Boustead DCP Sdn Bhd, has formed a partnership with Opus International (M) Bhd via its subsidiary Opus Energy Sdn Bhd on March 11 for sustainable energy solutions.

Opus International is a wholly owned subsidiary of UEM Edgeneta Bhd.

A joint statement on Tuesday said there will be two parts to the partnership — an energy performance contract (EPC) and a memorandum of business exploration (MOBE). This is in line with Boustead Properties’ commitment to sustainability, and environmental, social and governance (ESG) practices through the company’s BIJAU Sustainability Agenda.

Boustead Holdings Bhd group chief executive officer Izaddeen Daud said: “The strategic collaboration between Boustead Properties and Opus International represents how government-linked companies can work together to drive ESG and sustainability through innovative solutions. At the heart of this collaboration lies a commitment to driving positive change and fostering long-term sustainability.

“This initiative aligns seamlessly with the prime minister’s call to GLICs (government-linked investment companies) and GLCs (government-linked companies) to spearhead domestic investments aimed at bolstering the Malaysian economy. By leveraging our collective expertise, we are poised to make significant contributions to Malaysia’s sustainable development agenda,” Izaddeen added.

The EPC will consist of a 10-year contract for the upgrading and maintenance of the chiller systems at the district cooling plant in The Curve Mall, Mutiara Damansara. There is an estimated annual energy savings of 4.4 million kilowatt hour (kWh)/year, resulting in energy cost savings of RM2.3 million per year. This, the statement shared, represents a reduction of 38% in energy consumption.

Additionally, the EPC anticipates a significant reduction in carbon emissions, with an estimated decrease of 3,432 tonnes of carbon dioxide equivalent (tCO2e). The chiller’s efficiency performance is also expected to improve from 1.24 kilowatt per refrigeration tonne (kW/RT) to 0.9 kW/RT.

The MOBE, on the other hand, aims to explore future opportunities aimed at reducing Boustead Properties’ carbon footprint and enhancing its environment and climate risk mitigation strategies. The anticipated outcomes include reduced energy consumption, lower operating costs and a positive environmental impact through lower carbon emissions.

The statement added that the scope of the MOBE extends across the Boustead group’s property and industrial division’s portfolio of current as well as future developments to implement energy-efficient strategies and integrate green and sustainable environmental solutions in the areas of energy-efficient building, built environment, building and facilities management, project development and implementations, collaboration for sustainable and smart city developments.

Representing UEM Edgenta, its managing director and CEO Syahrunizam Samsudin said, “In an era where sustainability and ESG principles shape corporate agendas, Opus International stands as a catalyst for change. With a legacy spanning three decades in Malaysia, our sustainability solutions have not only generated substantial savings but have also driven performance enhancements and augmented asset value for our clients.

“Our impact speaks volumes: clients have achieved up to a 52% reduction in electrical energy consumption, yielding over RM100 million in cumulative savings. Moreover, our interventions have facilitated carbon emission reductions exceeding 31,200 tCO2. As we witness the paradigm shift towards sustainability, we encourage more Malaysian companies and GLCs to embrace green initiatives, leading the charge towards a future marked by resilience and environmental stewardship,” Syahrunizam said.

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