WORLDWIDE HOLDINGS DISPLAYS STRENGTH IN RENEWABLE ENERGY DURING MAIDEN PARTICIPATION AT ISES 2022

Shah Alam, 29 August 2022 – Worldwide Holdings Berhad (WHB) is marking its presence for the first time at the 5th International Sustainable Energy Summit (ISES) that is organized by the Sustainable Energy Development Authority (SEDA) in collaboration with the Ministry of Energy and Natural Resources (KeTSA).

With its central theme being ‘Empowering Energy Transition’, the gathering of key players from the energy sector at the 2-day summit at Kuala Lumpur Convention Centre is in support of the Government’s vision for a greener Malaysia by the year 2025 with a target of 31% renewable energy (RE) capacity mix to be achieved nationwide. WHB is the only Selangor state-link company to make its debut this year at the summit that was officiated by the Prime Minister of Malaysia, YAB Dato’ Sri Ismail Sabri bin Yaakob.

Group Chief Executive Officer of WHB, Datin Paduka Norazlina Zakaria said, “Our involvement in ISES this year is a milestone to be proud of as it is a testament of WHB being recognized as one of the emerging players in the local energy sector. We hope that our participation will further motivate us to contribute to the national energy security and sustainability while strengthening our relationship with SEDA, as the support and trust from the agency have been instrumental in the growth of the Group’s latest business venture.”

Despite its recent involvement in RE, WHB is not a stranger in the local energy landscape with its 25% shareholding investment in the first-generation independent power plant, Genting Sanyen Power Plant (now known as Kuala Langat Power Plant) in 1994. Since then, WHB’s involvement in the energy–related business has diversified into active participation in high-impact energy projects covering both thermal and RE sources, with the most notable one being the development of the advanced Combined-Cycle Gas Turbine Power Plant with generation capacity of 1,200 MW in Pulau Indah, Selangor that is scheduled to begin its full operations in 2024.

The Group’s involvement in the RE business currently focuses on small hydro projects (SHP) and solar PV installations, namely the acquisition, rehabilitation and operation of the Sungai Kerling Hydro Power Plant and will be followed with the development of the new Sg. Batang Kali hydro power plant. WHB’s other significant project related to RE is the development of Selangor’s first and largest Waste-To-Energy (WTE) plants in Jeram, Selangor. Through WHB’s exhibition booth at ISES 2022, the Group takes the opportunity to promote its RE projects while displaying its commitment to contribute to the socio-economic development of the nation and the community, especially in the Klang Valley region.

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