UEM GROUP VIA UEM SUNRISE, ITRAMAS AND CMEC, SIGNS MOU TO DEVELOP A RENEWABLE ENERGY INDUSTRIAL PARK IN JOHOR
BEIJING, 15 May 2024 – UEM Group Berhad (UEM Group), through its township and property arm, UEM Sunrise Berhad (UEM Sunrise), together with ITRAMAS Corporation Sdn Bhd (ITRAMAS) and China Machinery Engineering Corporation (CMEC) inked an agreement, to mark the beginning of a strategic partnership aimed at developing a Renewable Energy (RE) Industrial Park, measuring 40 acres in Gerbang Nusajaya, Iskandar Puteri, Johor.
The RE Industrial Park is part of the one (1) gigawatt (GW) hybrid solar power plant project and is one of the flagship catalytic projects under Malaysia’s National Energy Transition Roadmap (NETR). It was first announced by the Government back in July 2023, which saw Memorandums of Understanding (MoUs) signed between UEM Group, ITRAMAS, and subsidiary of CMEC, China Machinery Engineering Wuxi Co. Ltd. (CMECWUXI), along with Blueleaf Energy and HEXA Renewables, announcing their collaboration to participate through multiple potential roles including collaborating on project development, financing (including equity investments) and commercialisation (including offtake of green electricity).
Signing the MoU for UEM Sunrise was its Chief Executive Officer, Sufian Abdullah; representing ITRAMAS was its Managing Director, Lee Choo Boo; and for CMEC, its General Manager Assistant, Li Mingqiang. Present to witness the signing was Harman Faiz Habib Muhamad, Acting Chief Executive Officer of UEM Lestra Berhad (UEM Lestra); Royd Lee, Project Development Director from ITRAMAS; and Fang Yangshui, President of CMEC.
The announcement of the RE Industrial Park today signifies the second significant development in relation to NETR initiatives by UEM Group and ITRAMAS. In January this year, UEM Lestra, a wholly-owned subsidiary and green investment arm of UEM Group, along with ITRAMAS and HEXA Renewables Malaysia Sdn. Bhd. entered into a shareholders’ agreement to develop the first 500-megawatt (500MW) hybrid solar power plant in Segamat, Johor.
The RE Industrial Park in Gerbang Nusajaya is strategically designed to attract manufacturers and suppliers from China, across the RE and Electric Vehicle (EV) value chains, as well as other high-tech companies to establish operations and Research and Development (R&D) centres within the park; spurring the growth of Malaysia’s energy transition and EV ecosystems. Additionally, the RE Industrial Park will feature a RE Hub, housing a cutting-edge solar module factory and advanced research facilities, among other amenities.
Dato’ Mohd Izani Ghani, Managing Director of UEM Group said, “This signing is another milestone as we inch closer to realise our venture under NETR. As we forge ahead with the RE Industrial Park, the strategic importance of attracting manufacturers, suppliers and industry players from across the RE and EV value chains from China cannot be overstated. Securing partnership interest from China not only enhances the viability and impact of this national strategic project but also underscores the importance of cross-border collaboration in driving sustainable development.”
Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, “The prime location of Gerbang Nusajaya in proximity with Singapore, complemented by access to major air & seaports significantly enhances our industrial appeal to the international investors. This RE Industrial Park will not only act as a crucial driver in the Iskandar Puteri’s economic growth and transformation but enabling the ecosystem surrounding RE and EV value chains in supporting the nation’s energy transformation agenda. Building on the legacy of our other landmark projects such as Nusajaya Tech Park (NTP) and Southern Industrial & Logistic Cluster (SiLC) in Johor, we are confident of developing a sustainable RE industrial park on a 40-acre (16.2 hectares) lot with 730,000sf (square feet) GFA (Gross Floor Area) of factories.”
Lee Choo Boo, Managing Director of ITRAMAS said, "Today marks a significant milestone for ITRAMAS as we deepen our collaboration with UEM Sunrise and CMEC to develop the Renewable Energy Industrial Park in Gerbang Nusajaya. This partnership not only reinforces our commitment to advancing Malaysia's energy sector but also highlights our collective efforts towards sustainable development. We are particularly excited about the RE Hub within the park, which will feature state-of-the-art facilities, including a cutting-edge solar module factory and advanced research centers. These facilities will not only enhance our production capabilities but also propel us to the forefront of innovation in renewable energy. Together, we look forward to setting new standards in the industry and contributing to Johor's growth as a dynamic hub for renewable energy."
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