Boustead Properties Berhad (Boustead Properties) and Opus International (M) Berhad (Opus), supported by UEM Edgenta Berhad, have come together to propel the nation’s sustainability and innovation agenda forward. The collaboration was formalised during a signing ceremony held yesterday.
At the core of this collaboration is the signing of an Energy Performance Contract (EPC) between Boustead DCP Sdn Bhd, a subsidiary of Boustead Properties, and Opus Energy Sdn Bhd, a subsidiary of Opus International.
This 10-year contract signifies a strong commitment to upgrading and maintaining chiller systems at the district cooling plant in The Curve Mall, Mutiara Damansara.
The objective is to significantly reduce energy consumption and operating costs while providing environmentally sustainable solutions.
This initiative is in line with Boustead Properties’ commitment to sustainability and Environmental, Social, and Governance (ESG) practices through the company’s BIJAU Sustainability Agenda, which emphasises Green Building and Township development.
The benefits of the EPC contract are substantial, with estimated annual energy savings of 4.4 million kWh/year, resulting in energy cost savings of RM2.3 million per year.
This represents a remarkable reduction of 38% in energy consumption.
Additionally, the partnership anticipates a significant reduction in carbon emissions, with an estimated 3,432 tCO2e decrease.
The improvement in chiller efficiency from 1.24 to 0.9 kW/RT further highlights the effectiveness of the sustainable energy solutions implemented through the EPC.
In addition to the EPC signing, a Memorandum of Business Exploration (MOBE) was also exchanged, signifying a commitment to exploring future opportunities aimed at reducing Boustead Properties’ carbon footprint and enhancing its environment and climate risk mitigation strategies.
The scope of the MOBE extends across the Boustead Group’s Property and Industrial Division’s portfolio of current as well as future development and assets to implement energy-efficient strategies and integrated green and sustainable environmental solutions.
Key executives from both companies, including En Izaddeen Daud, Group Chief Executive Officer of Boustead Holdings Berhad, and En Syahrunizam Samsudin, Managing Director and Chief Executive Officer of UEM Edgenta Berhad, were present at the signing ceremony, highlighting the collective commitment towards driving positive change and fostering long-term sustainability within the GLC sector.
