Latest news with #ChristopherYap
The Star
28-05-2025
- Business
- The Star
AmBank approves RM70mil financing for Sunview
AmBank Group SVP, commercial banking 1, business banking Edmund Tay (seated, left) and Sunview group executive director and group chief operating officer Chow Kian Hung (seated, right) together with (from left) AmBank Group head of commercial banking 1, business banking Yeow Swee Yun, AmBank Group managing director of business banking Christopher Yap and Sunview group executive director and group chief executive officer HP Ong. PETALING JAYA: AmBank Group, through AmBank Islamic Bhd, has approved banking facilities amounting to RM70mil for Fabulous Sunview Sdn Bhd (FSSB), a wholly owned subsidiary of Sunview Group Bhd . In a statement, the bank said the financing would partly fund the construction of a 29.99MWac ground-mounted photovoltaic solar power plant in Sungai Petani, Kuala Muda, Kedah. The project was awarded by Dayasinar Energy Sdn Bhd under the Corporate Green Power Programme. The project with a contract amounting to RM98.29mil will be executed by FSSB where it includes design, procurement, erection, connection, commissioning and testing as well as supply of equipment for the construction of a ground mounted photovoltaic solar generation facility. 'We are pleased to support FSSB and Sunview Group in this initiative. Looking ahead, we remain committed to strengthening our contribution to Malaysia's renewable energy ecosystem,' AmBank Group managing director, business banking Christopher Yap said.
The Star
28-05-2025
- Business
- The Star
Ambank approves RM70mil financing for Sunview's 29.99MW solar project
AmBank Group SVP, commercial banking 1, business banking Edmund Tay (seated, left) and Sunview group executive director and group chief operating officer Chow Kian Hung (seated, right) together with (from left) AmBank Group head of commercial banking 1, business banking Yeow Swee Yun, AmBank Group managing director of business banking Christopher Yap and Sunview group executive director and group chief executive officer HP Ong. KUALA LUMPUR: AmBank Group, through AmBank Islamic Bhd, has approved banking facilities amounting to RM70mil for Fabulous Sunview Sdn Bhd (FSSB), a wholly owned subsidiary of Sunview Group Bhd . In a statement, the bank said the financing would partly fund the construction of a 29.99MWac ground-mounted photovoltaic solar power plant in Sungai Petani, Kuala Muda, Kedah. The project was awarded by Dayasinar Energy Sdn Bhd under the Corporate Green Power Programme (CGPP). The project with a contract amounting to RM98.29mil will be executed by FSSB where it includes design, procurement, erection, connection, commissioning and testing as well as supply of equipment for the construction of a ground mounted photovoltaic (PV) solar generation facility. "We are pleased to support FSSB and Sunview Group in this initiative. Looking ahead, we remain committed to strengthening our contribution to Malaysia's renewable energy ecosystem by exploring potential financing opportunities in upcoming government programmes,' AmBank Group managing director, business banking Christopher Yap said. Meanwhile, Sunview group executive director and group chief executive officer HP Ong said: 'The financing facilities provided play an important role in supporting the rollout of our solar project under the CGPP scheme. With this support, we are able to continue contributing to Malaysia's energy transition and contribute to a greener and more sustainable future.'
Daily Express
03-05-2025
- Business
- Daily Express
RM408.2 million for Sabah BESS project
Published on: Saturday, May 03, 2025 Published on: Sat, May 03, 2025 By: Bernama Text Size: The BESS project, valued at RM644.6 million, was awarded by Sabah Electricity Sdn Bhd (SESB) in September 2024 and is located in Lahad Datu, Sabah. Kuala Lumpur: AmBank Group has approved a financing facility totalling RM408.2 million to MSR Green Energy Sdn Bhd (MSRGE) to partially fund its working capital requirements for a landmark 100 megawatt (MW)/400 megawatt-hour (MWh) battery energy storage system (BESS) project. In a joint statement, both parties said the BESS project, valued at RM644.6 million, was awarded by Sabah Electricity Sdn Bhd (SESB) in September 2024 and is located in Lahad Datu, Sabah. 'Upon completion, the facility will be one of the largest battery storage systems in Southeast Asia and the first energy storage facility in Sabah, with a final installed capacity of 517 MWh. 'It is designed to enhance grid stability, increase reserve margins during peak demand periods, and enable the further expansion of power plants in the region,' they said. AmBank Group managing director of business banking Christopher Yap said the financing marks a significant step in supporting Malaysia's transition towards a more resilient and sustainable energy landscape. 'By supporting this advanced energy storage infrastructure, we reaffirm our commitment to sustainable financing and the development of renewable energy,' he added. Meanwhile, MSRGE director Ong Kah Hui said that with AmBank's invaluable financing support, the large-scale battery energy storage project represents a pivotal step towards realising a shared vision of a greener future. 'This initiative not only addresses Sabah's power supply and grid stability needs, but also lays a robust foundation for the integration of future renewable energy plants into the region's infrastructure,' he said. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malay Mail
02-05-2025
- Business
- Malay Mail
Ambank approves RM408.2m financing for MSR Green Energy's BESS project in Sabah
KUALA LUMPUR, May 2 — AmBank Group has approved a financing facility totalling RM408.2 million to MSR Green Energy Sdn Bhd (MSRGE) to partially fund its working capital requirements for a landmark 100-megawatt (MW)/400 megawatt-hour (MWh) battery energy storage system (BESS) project. In a joint statement today, both parties said the BESS project, valued at RM644.6 million, was awarded by Sabah Electricity Sdn Bhd (SESB) in September 2024 and is located in Lahad Datu, Sabah. 'Upon completion, the facility will be one of the largest battery storage systems in Southeast Asia and the first energy storage facility in Sabah, with a final installed capacity of 517 MWh. 'It is designed to enhance grid stability, increase reserve margins during peak demand periods, and enable the further expansion of power plants in the region,' they said. AmBank Group managing director of business banking Christopher Yap said the financing marks a significant step in supporting Malaysia's transition towards a more resilient and sustainable energy landscape. 'By supporting this advanced energy storage infrastructure, we reaffirm our commitment to sustainable financing and the development of renewable energy,' he added. Meanwhile, MSRGE director Ong Kah Hui said that with AmBank's invaluable financing support, the large-scale battery energy storage project represents a pivotal step towards realising a shared vision of a greener future. 'This initiative not only addresses Sabah's power supply and grid stability needs, but also lays a robust foundation for the integration of future renewable energy plants into the region's infrastructure,' he said. — Bernama
The Star
30-04-2025
- Business
- The Star
AmBank funds RM408.2mil for Sabah's first large BESS project
From left: AmBank Group head of commercial banking 1, business banking Yeow Swee Yun, AmBank Group managing director of business banking Christopher Yap, AmBank Group SVP commercial banking 1, business banking Amanda Lau Meei Jiun, MSRGE director Qiang Xiaoyu and MSRGE director Ong Kah Hui. PETALING JAYA: AmBank Group has approved a total financing facility of RM408.2mil to MSR Green Energy Sdn Bhd (MSRGE) to part-finance its working capital requirements for a landmark 100MW/400MWh Battery Energy Storage System (BESS) project awarded by Sabah Electricity Sdn Bhd (SESB). In a joint statement, the parties said the BESS project, located in Lahad Datu, Sabah, is valued at RM644.6mil and was awarded to MSRGE in September 2024. 'Upon completion, the facility will be one of the largest battery storage systems in South-East Asia and the first energy storage facility in Sabah, with a final installed capacity of 517MWh. 'It is designed to enhance grid stability, boost reserve margins during peak demand periods, and enable further expansion of power plants in the region.' Established in 2012, MSR Green Energy Sdn Bhd is a pioneer in Malaysia's renewable energy sector with a strong track record in large-scale solar photovoltaic projects.
