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Unity Group's Malaysian unit gets RM50mil fund for energy efficiency projects

KUALA LUMPUR: Hong Kong-listed Unity Group Holdings International Ltd's unit Synergy Esco (Malaysia) Sdn Bhd has secured a RM50 million loan from a local bank.

The financing is for Synergy Esco's portfolio of enviromental, social and governance-aligned energy efficiency projects nationwide.

This underscores Unity Group's commitment to further expand its presence in Malaysia, and  fully ramp up the delivery of energy-efficient solutions to strata and commercial properties, and  promote environmental sustainability with the government.

Mansfield Wong, chairman and chief executive officer of Unity Group, said the partnership endorsed its ESG footprints in Malaysia and make meaningful financial support to  "turbo-charged" its implementation of efficient and sustainable energy solutions to its clientele and  the environment. 

The partnership was first officially announced during Synergy Esco's "The Rise of Green ESG"  event, which was attended by representatives of Selangor Housing and Property Board (LPHS), Subang Jaya City Council and Ampang Jaya Municipal Council, on Aug 24.

The event also celebrated the achievements of Strata Properties under the purview of MBSJ and  MPAJ, which was honoured with "The Green Pioneer" award in recognition of its support for the program and  their commitment to environmental sustainability.

Over the past 12 months, Synergy Esco had  been partnered with LPHS to reduce carbon emission for Selangor, known as "The Green  Initiative Programme".

It involves the conversion of 6,000 stratified condominiums to Unity Group's LED lights.  

"The programme offered by the group has already significantly benefited numerous strata condominiums  in Selangor with the deployment of our proprietary Ultra High Energy-Efficiency LED lights.

"This  initiative aligns with Selangor's Sustainable Development Goals for carbon neutrality by 2035, not  only delivering hassle-free savings to clients but also contributing substantially to reducing carbon  emissions."

To date, the company has deployed about 500,000 high energy-efficient LED  lights, which is 8.33 per cent of its total target in Selangor.

"We have achieved  energy savings of up to 72 per cent.

"Our proprietary LED lights boast a lifespan of 150,000 hours at a defect  rate of 0.01 per cent, significantly contributing to the reduction of carbon emissions, labors and wastages in  support of Malaysia's goals to achieve carbon neutrality by 2050," it said.

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