EQT Private Capital Asia agrees .1bn deal for PropertyGroup Guru; buys Korean recycler and seeks .5bn fundraise | FinanceAsia

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PropertyGuru Group ( PropertyGuru), a leading property technology company in Southeast Asia ( SEA ), has been acquired by Hong Kong-based EQT Private Capital Asia for$ 1.1 billion in cash.

TPG ( through TPG Asia VI SF and TPG Asia VI SPV, in its capacity as general partners of TPG Asia VI Digs ), which owns around 26.5 %, and KKR ( through Epsilon Asia Holdings II ), which owns around 29.6 % of the business. In order to help the bargain, both companies have entered into voting and aid contracts with the business and EQT Private Capital Asia. &nbsp,

PropertyGuru’s board of directors, acting upon the advice of a particular commission, unanimously approved the deal and recommends acceptance of the acquisition by PropertyGuru’s owners, according to an August 16 news.

The offer is equal to$ 6.70 per share and represents a 52 % premium to PropertyGuru’s closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024, the announcement said. &nbsp,

The deal is expected to close in Q4 2024 or Q1 2025, subject to final problems, including acceptance by PropertyGuru’s shareholders and certificate of regulatory approvals.

Upon completion of the transaction, PropertyGuru’s shares will no longer trade on the New York Stock Exchange ( NYSE), and PropertyGuru will become a private company. PropertyGuru’s office will be in Singapore.

 

Freshfields Bruckhaus Deringer acted as the unique committee’s legal counsel, and Moelis &amp, Company is its financial consultant. Ropes &amp, Gray serves as EQT Private Capital Asia’s legal advisor, and Morgan Stanley Asia ( Singapore ) serves as its financial advisor. Latham &amp, Watkin is KKR and TPG’s legal advisor, and JP Morgan Securities Asia Private is their financial director.

 

PropoertyGuru Group has a consolidation program with members of BPEA Private Equity VIII, a purpose-driven international investment company, in order to have the business acquired by EQT Private Capital Asia. &nbsp,

 

Development potential&nbsp,

 

The firm was founded in 2007 by Steve Melhuish and Jani Rautiainen, and provides online property markets for home seeking, real estate agents, home developers, banks and brokers across Singapore, Malaysia, Vietnam and Thailand. In a special purpose acquisition ( SPAC ) agreement with Bridgetown 2 Holdings, which Richard Li and Peter Thiel supported, PropertyGuru was listed on the NYSE in March 2022 and raised$ 254 million. &nbsp,

Hari Krishnan, chief executive officer &amp, managing director, PropertyGuru, said in a statement,” We are pleased to embark on this new chapter with EQT. This agreement comes after decades of transformative growth, which TPG and KKR have supported, making us the industry’s top proptech platform.

Krishnan added:” As we continue to innovate and provide value to our consumers, customers, and stakeholders across the place, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to power communities to live, function, and thrive in tomorrow’s cities”.

” PropertyGuru has firmly established itself as the leading property market system in Lake, and we are deeply impressed by the strong base it has built over the past 17 years as well as with its brilliant team,” said Janice Leow, partner in the EQT Private Capital Asia consulting team and head of EQT Private Capital SEA.

Leow continued,” We think our offer strategically positions PropertyGuru to fully exploit its long-term growth potential while offering shareholders compelling value and certainty.” With EQT’s significant experience in the technology, online classifieds and marketplace sectors, we aim to further strengthen PropertyGuru’s platform, driving enhanced innovation and deeper engagement with its consumers, customers and stakeholders”.

Buys Korean recycler, seeks$ 12.5bn raise

For an undisclosed sum, EQT Infrastructure VI purchased a KJ Environment from Genesis Private Equity. According to a media release, the goal is to establish” a sclaed and diversified end-to-end waste treatment scheme platform focused on plastic recycling and waste-to-energy in South Korea.” &nbsp,

KJ Environment works across recyclable waste sorting, plastic recycling and waste-to-energy. It has locations in the Greater Seoul Metropolitan Area, which provide services to catchment areas that account for more than 50 % of the nation’s GDP and population.

The purchase is EQT’s second infrastructure investment in South Korea.

In the release, Sang Jun Suh, a partner in the EQT infrastructure advisory team, stated,” We look forward to using EQT’s extensive experience investing in sustainable waste and recycling solutions across geographies, combined with our strong local footprint and industrial network, to help KJ Environment become a true market leader in the waste treatment space.

The business strengthens EQT’s track record of supporting infrastructure companies in the Asia Pacific region by extending its global portfolio of businesses that engage in waste-related business. Since 2020, EQT Infrastructure has invested €5 billion ($ 5.52 billion ) of equity, including co-investment, in Asia Pacific companies. Around 11, 000 people work the portfolio managed by EQT’s infrastructure team in Asia Pacific.

The transaction is subject approvals and&nbsp, is expected to close in Q4 2024. EQT was advised by JP Morgan on financials, Kim &amp, Chang for legal, and PwC for financial and tax.

With this transaction, EQT Infrastructure VI is expected to be 45-50 % based on target fund size and subject to customary regulatory approvals.

Meanwhile, EQT is looking to raise around$ 12.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX.

 

¬ Haymarket Media Limited. All rights reserved.

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EQT Private Capital Asia agrees .1bn deal for PropertyGroup Guru; buys Korean recycler and seeks .5bn fundraise | FinanceAsia

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In: Asia, Finance, South-East Asia

PropertyGuru Group, a leading property technology company in Southeast Asia ( SEA ), has been purchased by Hong Kong-based EQT Private Capital Asia for$ 1.1 billion in cash.

In support of the merger, TPG ( through TPG Asia VI SF and TPG Asia VI SPV, in its capacity as general partners of TPG Asia VI Digs ), and KKR ( through Epsilon Asia Holdings II ), have entered into voting and support agreements with the business and EQT Private Capital Asia.

PropertyGuru’s board of directors, acting upon the advice of a particular commission, unanimously approved the deal and recommends acceptance of the acquisition by PropertyGuru’s owners, according to an August 16 news.

The offer is equal to$ 6.70 per share and represents a 52 % premium to PropertyGuru’s closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024, the announcement said. &nbsp,

The deal is expected to close in Q4 2024 or Q1 2025, subject to final problems, including acceptance by PropertyGuru’s shareholders and certificate of regulatory approvals.

Upon completion of the transaction, PropertyGuru’s shares will no longer trade on the New York Stock Exchange ( NYSE), and PropertyGuru will become a private company. PropertyGuru’s office will be in Singapore.

 

Freshfields Bruckhaus Deringer acted as the unique committee’s legal counsel, and Moelis &amp, Company is its financial advisor. Ropes &amp, Gray is acting as legal counsel to EQT Private Capital Asia, and Morgan Stanley Asia ( Singapore ) is acting as financial advisor to the company. Latham &amp, Watkin is a legal advisor to KKR and TPG, and JP Morgan Securities Asia Private is their economic advisor.

 

PropoertyGuru Group intends to combine with members of BPEA Private Equity VIII, a purpose-driven international investment company, in order to allow EQT Private Capital Asia to acquire the business. &nbsp,

 

Progress potential&nbsp,

 

The company founded in 2007 and has a modern home platform across Singapore, Malaysia, Vietnam and Thailand. It was listed on the NYSE in March 2022 and raised$ 24 million through a Richard Li and Peter Thiel-backed special purpose acquisition ( SPAC ) deal with Bridgetown 2 Holdings. &nbsp,

Hari Krishnan, chief executive officer &amp, managing director, PropertyGuru Group, said in a statement,” We are pleased to embark on this new chapter with EQT. This agreement comes in the wake of centuries of transformative growth, which TPG and KKR have supported, making us the industry’s leading proptech platform.

Krishnan added:” As we continue to innovate and provide value to our consumers, customers, and stakeholders across the place, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to power communities to live, function, and thrive in tomorrow’s cities”.

” PropertyGuru has firmly established itself as the leading property market system in Lake, and we are deeply impressed by the strong base it has built over the past 17 years as well as with its brilliant group,” said Janice Leow, partner in the EQT Private Capital Asia consulting team and head of EQT Private Capital SEA.

Leow continued,” We think our offer effectively positions PropertyGuru to fully exploit its long-term development possible while offering shareholders compelling value and certainty.” With EQT’s considerable knowledge in the technology, online classifieds and market sectors, we aim to further improve PropertyGuru’s system, driving increased innovation and deeper engagement with its consumers, customers and stakeholders”.

Buys Korean recycler, seeks$ 12.5bn raise

For an undisclosed sum, EQT Infrastructure VI purchased a KJ Environment from Genesis Private Equity. According to a media release, the goal is to establish” a sclaed and diversified end-to-end waste treatment scheme platform focused on plastic recycling and waste-to-energy in South Korea.” &nbsp,

KJ Environment works across recyclable waste sorting, plastic recycling and waste-to-energy. It has locations in the Greater Seoul Metropolitan Area, which provide services to catchment areas that account for more than 50 % of the nation’s GDP and population.

The purchase is EQT’s second infrastructure investment in South Korea.

” We look forward to utilizing EQT’s extensive experience investing in sustainable waste and recycling solutions across geographies, combined with our strong local footprint and industrial network, to help KJ Environment become a true market leader in the waste treatment space,” said Sang Jun Suh, a partner in the EQT infrastructure advisory team.

The Platform strengthens EQT’s global portfolio of businesses that conduct waste-related business and builds on its track record of supporting infrastructure businesses in the Asia Pacific region. Since 2020, EQT Infrastructure has invested €5 billion ($ 5.52 billion ) of equity, including co-investment, in Asia Pacific companies. Around 11, 000 people work in the Asia Pacific portfolio that is managed by EQT’s infrastructure team.

The transaction is subject approvals and&nbsp, is expected to close in Q4 2024. EQT was advised by JP Morgan on financials, Kim &amp, Chang for legal, and PwC for financial and tax.

With this transaction, EQT Infrastructure VI is expected to be 45-50 % based on target fund size and subject to customary regulatory approvals.

Meanwhile, EQT is looking to raise around$ 12.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX. &nbsp,

 

¬ Haymarket Media Limited. All rights reserved.

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EQT Private Capital Asia agrees .1bn deal for PropertyGroup Guru; seeks .5bn fundraise | FinanceAsia

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In: Asia, Finance, South-East Asia

PropertyGuru Group, a leading property technology company in Southeast Asia ( SEA ), has been purchased by Hong Kong-based EQT Private Capital Asia for$ 1.1 billion in cash.

In support of the merger, TPG ( through TPG Asia VI SF and TPG Asia VI SPV, in its capacity as general partners of TPG Asia VI Digs ), which owns around 26.5 %, and KKR ( through Epsilon Asia Holdings II ), which owns around 29.6 % of the firm, have entered into voting and support agreements with the business and EQT Private Capital Asia.

PropertyGuru’s board of directors, acting upon the advice of a particular commission, unanimously approved the deal and recommends acceptance of the acquisition by PropertyGuru’s owners, according to an August 16 news.

The offer is equal to$ 6.70 per share and represents a 52 % premium to PropertyGuru’s closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024, the announcement said. &nbsp,

The deal is expected to close in Q4 2024 or Q1 2025, subject to final problems, including acceptance by PropertyGuru’s shareholders and certificate of regulatory approvals.

Upon completion of the transaction, PropertyGuru’s shares will no longer trade on the New York Stock Exchange ( NYSE), and PropertyGuru will become a private company. PropertyGuru’s office will be in Singapore.

 

Freshfields Bruckhaus Deringer acted as the specific committee’s legal counsel, and Moelis &amp, Company is its financial advisor. Ropes &amp, Gray is acting as legal counsel to EQT Private Capital Asia, and Morgan Stanley Asia ( Singapore ) serves as financial advisor to the company. Latham &amp, Watkin is KKR and TPG’s legal advisor, and JP Morgan Securities Asia Private is their financial director.

 

PropoertyGuru Group has a consolidation program with members of BPEA Private Equity VIII, a purpose-driven international investment company, in order to have the business acquired by EQT Private Capital Asia. &nbsp,

 

Progress potential&nbsp,

 

The company founded in 2007 and has a modern home platform across Singapore, Malaysia, Vietnam and Thailand. In a special purpose acquisition ( SPAC ) agreement with Bridgetown 2 Holdings, which Richard Li and Peter Thiel supported, it was listed on the NYSE in March 2022. &nbsp,

Hari Krishnan, chief executive officer &amp, managing director, PropertyGuru Group, said in a statement,” We are pleased to embark on this new chapter with EQT. This agreement comes after decades of transformative growth, which TPG and KKR have supported, making us the industry’s top proptech platform.

Krishnan added:” As we continue to innovate and provide value to our consumers, customers, and stakeholders across the place, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to power communities to live, function, and thrive in tomorrow’s cities”.

” PropertyGuru has firmly established itself as the leading property marketplace platform in Lake, and we are greatly impressed by the solid foundation it has built over the past 17 times as well as its brilliant staff,” said Janice Leow, companion in the EQT Private Capital Asia advisory group and nose of EQT Private Capital SEA.

Leow continued,” We think our offer strategically positions PropertyGuru to fully exploit its long-term growth potential while offering shareholders compelling value and certainty.” With EQT’s significant experience in the technology, online classifieds and marketplace sectors, we aim to further strengthen PropertyGuru’s platform, driving enhanced innovation and deeper engagement with its consumers, customers and stakeholders”.

Buys Korean recycler, seeks$ 12.5bn raise

For an undisclosed sum, EQT Infrastructure VI purchased a KJ Environment from Genesis Private Equity. According to a media release, the goal is to establish” a sclaed and diversified end-to-end waste treatment scheme platform focused on plastic recycling and waste-to-energy in South Korea.” &nbsp,

KJ Environment works across recyclable waste sorting, plastic recycling and waste-to-energy. It has locations in the Greater Seoul Metropolitan Area, which provide services to catchment areas that account for more than 50 % of the nation’s GDP and population.

The purchase is EQT’s second infrastructure investment in South Korea.

Sang Jun Suh, a partner in the EQT infrastructure advisory team, stated:” We look forward to applying EQT’s extensive experience investing in sustainable waste and recycling solutions across geographies, combined with our strong local footprint and industrial network, to help KJ Environment become a true market leader in the waste treatment space.

The Platform strengthens EQT’s track record of supporting infrastructure companies in the Asia Pacific region by expanding its global portfolio of businesses that conduct waste-related business. Since 2020, EQT Infrastructure has invested €5 billion ($ 5.52 billion ) of equity, including co-investment, in Asia Pacific companies. Around 11, 000 people work in the Asia Pacific portfolio that is managed by EQT’s infrastructure team.

The transaction is subject approvals and&nbsp, is expected to close in Q4 2024. EQT was advised by JP Morgan on financials, Kim &amp, Chang for legal, and PwC for financial and tax.

With this transaction, EQT Infrastructure VI is expected to be 45-50 % based on target fund size and subject to customary regulatory approvals.

Meanwhile, EQT is looking to raise around$ 12.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX. &nbsp,

 

¬ Haymarket Media Limited. All rights reserved.

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PropertyGuru Group’s board agrees .1bn sale to EQT Private Capital Asia | FinanceAsia

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In: Asia, Finance, South-East Asia

PropertyGuru Group, a leading property technology company in Southeast Asia ( SEA ), has been purchased by Hong Kong-based EQT Private Capital Asia for$ 1.1 billion in cash.

In support of the merger, TPG ( through TPG Asia VI SF and TPG Asia VI SPV, in its capacity as general partners of TPG Asia VI Digs ), and KKR ( through Epsilon Asia Holdings II ), have entered into voting and support agreements with the business and EQT Private Capital Asia.

PropertyGuru’s board of directors, acting upon the advice of a particular commission, unanimously approved the deal and recommends acceptance of the acquisition by PropertyGuru’s owners, according to an August 16 news.

The offer is equal to$ 6.70 per share and represents a 52 % premium to PropertyGuru’s closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024, the announcement said. &nbsp,

The deal is expected to close in Q4 2024 or Q1 2025, subject to final problems, including acceptance by PropertyGuru’s shareholders and certificate of regulatory approvals.

Upon completion of the transaction, PropertyGuru’s shares will no longer trade on the New York Stock Exchange ( NYSE), and PropertyGuru will become a private company. PropertyGuru’s office will be in Singapore.

 

Freshfields Bruckhaus Deringer acted as the unique committee’s legal counsel, and Moelis &amp, Company is its financial advisor. Ropes &amp, Gray serves as EQT Private Capital Asia’s legal advisor, and Morgan Stanley Asia ( Singapore ) serves as its financial advisor. Latham &amp, Watkin is KKR and TPG’s legal advisor, and JP Morgan Securities Asia Private is their economic director.

 

The PropoertyGuru Group intends to combine with members of BPEA Private Equity VIII, a purpose-driven international funding company, in order to be acquired by EQT Private Capital Asia. &nbsp,

 

Growth 

 

The company founded in 2007 and has a modern home platform across Singapore, Malaysia, Vietnam and Thailand. It signed a particular goal consolidation agreement with Bridgetown 2 Holdings, led by Richard Li and Peter Thiel, in March 2022 and was listed on the NYSE. &nbsp,

Hari Krishnan, chief executive officer &amp, managing director, PropertyGuru Group, said in a statement,” We are pleased to embark on this new chapter with EQT. This agreement comes in the wake of centuries of transformative growth, which TPG and KKR have supported, making us the industry’s leading proptech platform.

Krishnan added:” As we continue to innovate and provide value to our consumers, customers, and stakeholders across the place, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to power communities to live, function, and thrive in tomorrow’s cities”.

” PropertyGuru has firmly established itself as the leading property market system in Lake, and we are deeply impressed by the strong base it has built over the past 17 years as well as with its brilliant group,” said Janice Leow, partner in the EQT Private Capital Asia consulting team and head of EQT Private Capital SEA.

Leow continued,” We think our offer carefully positions PropertyGuru to fully exploit its long-term development possible while offering shareholders compelling value and certainty.” With EQT’s considerable knowledge in the technology, online classifieds and market sectors, we aim to further improve PropertyGuru’s platform, driving increased innovation and deeper engagement with its consumers, customers and stakeholders”.

¬ Haymarket Media Limited. All rights reserved.

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Thai growth quickens in Q2 on higher consumption, tourism

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In: Asia

BANGKOK: Thailand’s economic growth strengthened in the second quarter due to higher consumption, tourism and exports, official data showed on Monday ( Aug 19 ), and the government narrowed its full-year growth forecast range. Southeast Asia’s second-largest economy grew 2.3 per cent in the April-June quarter from a year earlier,Continue Reading

US ambassador promotes informed election reporting

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In: South-East Asia

The studio teaches Thai reporters about the process of reporting on US elections.

PUBLISHED: 17 Aug 2024 at 20: 38

US Ambassador Robert Godec speaks at the opening of a workshop on US presidential elections for Thai journalists on Saturday. (Photo supplied)
US Ambassador Robert Godec addresses Thai reporters at the start of a factory on US national elections on Saturday. ( Photo supplied )

According to US Ambassador Robert Godec, Thai advertising will be key in fostering informed conversation about the US presidential elections and educating the Thai government about how the US political system operates in Thailand.

In a press conference on Saturday, Mr. Godec stated that the program was crucial given the rapidly spreading nature of fake information and disinformation and those who want to undermine democracy around the world.

” Your function as reporters, upholding accurate monitoring and championing transparency, is therefore more important and important than ever for democracy”, he said.

He claimed that editors are crucial to ensuring clarity in a republic, especially during crucial times like elections.

So take the time to verify information with trustworthy sources, including by contacting the embassy’s press team, who can respond to your questions or direct you to if something does n’t seem right, he said.

He asserted that politics may be taken for granted. Citizens who are informed of their political system, its methods, and their rights may be their guardians, he said, and keep it up.

In addition to the factory, Mr. Godec met a group of 42 Thai editors who wanted to learn more about the US presidential election and its political process.

The United States Embassy and the Thai Journalists Association simultaneously held the factory.

Individuals had the opportunity to learn more about US primaries and how to write better reports on the subject.

Asked how the 2024 vote, which will be held on Nov 5, may affect Thai-US relationships and Southeast Asia as a whole, Mr Godec said the foreign policy of the US government could change between various political services.

But, the guiding rules of US foreign policy remain constant: development of surveillance, politics, growth and advancement in the US and around the world, he said.

He claimed that the Indo-Pacific area has been the center of the country’s coordinated improvement in all of these areas.

Thailand, which has a relationship that dates back two decades and has always been and will continue to be a crucial lover, is the United States ‘ first friend in the area, he said.

The studio, according to Anucha Charoenpo, a TJA vice-president in charge of foreign affairs, aims to aid Thai journalists in understanding the effects of US votes on policy. The outcome of the election did change Thailand, he said.

” I hope this factory will serve as a catalyst for promoting more assistance in a wide range of issues in the future,” he said. I want to thank the US Embassy in Thailand for organizing such a valuable and experienced workshop for Thai reporters.

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Cenergi SEA Berhad: Driving sustainable energy solutions in Southeast Asia

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  • may be promoting sustainable solutions at future ISES.
  • Cenergi has secured a total of 65 green energyprojects, with 25 of them being new jobs.

Cenergi SEA Berhad: Driving sustainable energy solutions in Southeast Asia

Cenergi SEA Berhad: Driving sustainable energy solutions in Southeast AsiaCenergi SEA Berhad, a division of UEM Lestra Berhad, is a market leader in Southeast Asia for clean energy alternatives. We specialise in different renewable energy projects, including gas to electricity and bioCNG from palm oil mill waste, carbon pellets/briquettes from empty fruits number ( EFB), solar, energy reliability and small hydro jobs. Cenergi is poised to be at the vanguard of Malaysia’s clean energy environment with a total capacity of 143 MW from operating resources and initiatives in development.

The Approach and Vision of Cenergi SEA for Sustainable Energy

Cenergi’s presence at the 6th International Sustainable Energy Summit ( ISES ) 2024 aims to enhance our industry presence, foster collaborative efforts, and advance our mission of promoting sustainable energy solutions. Through communication, knowledge exchange, plan advocacy, investment exploration and CSR activities, we seek to consolidate our role as a key player in the transition towards a sustainable energy future in Southeast Asia.

The organization has secured 25 new renewable energy projects, which are already in various stages of development and pre-development. These jobs encompass a diverse collection of technology, including 16 Biogas Power Plants, 1 Big Scale Solar Farm, 1 Rooftop Solar setup, 4 Biomass Pellet/Briquette Plants, 2 Little Hydro Power Flowers, and 1 BioCNG Plant.

To complement the renewable energy business, Cenergi also participate&nbsp, in the selling and trading of renewable energy certificate ( REC ) and carbon credit. The company has been offering biogas and solar RECs, and to market technology-based carbon credits in the near future.

Innovation and Technology

Our sustainable energy projects are fueled by a variety of innovative technologies, which show how committed we are to reducing carbon emissions, improving energy efficiency, and promoting the use of renewable energy sources. The various systems we use are briefly summarized in the following table.

Biogas Technology:

Cenergi is the largest developer, owner and operator of biogas power plants in Malaysia. Our biogas power plant in Jerantut, Pahang, recognized by the Malaysia Book of Records, is the biggest palm oil mill effluent ( POME) grid-connected biogas power plant in the country, with a capacity of 5.5 MW. We utilise anaerobic digestion to transform agricultural waste, POME, and other organic materials into biogas, which is then used to generate electricity.

Solar Photovoltaic ( PV ) Systems:

Cenergi is actively involved in the development and deployment of solar PV systems, ranging from large-scale solar farms to rooftop installations. The company utilizes advanced PV technology, including high-efficiency solar panels and smart inverters, to maximize energy output and system reliability.

Biomass Pellet:

Cenergi converts empty fruit bunches ( EFBs ), a significant byproduct of palm oil production, into pellets and briquettes. This process maximizes biomass resource, turning waste into&nbsp, valuable products. EFF pellets and briquettes are a renewable and sustainable alternative to fossil fuels because they release less greenhouse gases and pollutants than traditional fossil fuels.

BioCNG:

In Sabah, Cenergi is working on its first bioCNG project, which converts POME biogas into compressed biomethane or bioCNG. The BioCNG produced would be a direct substitute for natural gas as a fuel source because it would have similar characteristics to fossil fuel-based natural gas.

Small Hydro:

Cenergi also makes small-scale hydropower investments using the “run-of-river” idea. Small hydropower contributes significantly to the achievement of the National Energy Transition Roadmap ( NETR )’s renewable energy targets, which are crucial for long-term decarbonization scenarios.

Environmental and Social Impact

The ecosystem projects led by Cenergi have had significant effects on both the environment and the local communities. For example, the implementation of enclosed anaerobic treatment systems for biogas-to-electricity projects has effectively avoided methane emissions, mitigated odor, and improved water quality. These initiatives have also helped to boost the local economy by generating income through the sale of carbon credits and by fostering job opportunities and skill development for local communities.

Adoption Challenges and Policy Recommendations

High initial capital costs, grid integration and infrastructure challenges, regulatory and policy barriers, and technological limitations are the main obstacles that the industry faces as it strives to become more popular for renewable energy projects. To address these challenges, effective policies such as feed-in tariffs ( FiTs ), power purchase agreements ( PPAs ), and net energy metering ( NEM) have proven successful in promoting renewable energy adoption. To increase solar energy systems ‘ overall performance, lower costs, and maintain research and development in solar and battery storage technology is necessary.

Cenergi SEA Berhad remains committed to driving sustainable energy solutions in Southeast Asia through innovative technologies, strategic partnerships, and policy advocacy. By addressing the environmental, economic, and social aspects of renewable energy projects, the company aims to contribute to a cleaner and greener future for the region.

The 6th International Sustainable Energy Summit ( ISES ) 2024, a key event for sustainable energy dialogue and innovation, is set to take place on August 20-21, 2024, at the Kuala Lumpur Convention Centre (KLCC). The summit will be officiated by Malaysia’s Prime Minister, Dato ‘ Seri Anwar Ibrahim, who will be serving as the country’s ambassador to the Sustainable Energy Development Authority ( SEDA ) Malaysia. The event, which has the theme” Accelerating Energy Transition Through Innovation,” reflects Malaysia’s commitment to leading the ASEAN region in the global energy transition through novel approaches and technologies.

The summit will have a crucial role in supporting Malaysia’s ambitious goal of achieving a 70 % renewable energy mix in power generation by 2050, as well as achieving carbon neutrality by the same year. Attendees can expect a series of Plenary Sessions and Deep Dive Workshops led by prominent energy experts and leaders, covering topics such as green mobility, grid modernization, and the integration of Environmental, Social, and Governance ( ESG) principles into investment and financing strategies. Visit ises. org. my for more information.

Cenergi SEA Berhad’s CEO is Hairol Azizi Tajudin.

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China steps up checks for mpox as Asia goes on high alert after WHO warning

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Hong Kong, which recorded 13 cases this time, said it would remain to” carefully check” the situation and “enhance proactive methods” following WHO’s news. &nbsp,

High-risk organizations have been advised to obtain vaccinations, according to the state in a media release on Thursday.” Members of the public are urged to increase attention and avoid close physical contact with individuals suspected of contracting mpox,” according to officials in a media release. &nbsp,

Additionally, the Hong Kong Department of Health has instructed doctors and hospitals to immediately report suspected mpox cases for “prompt” clinical research and contact tracing as well as to provide travel health advice to Africans. &nbsp,

Japan’s Foreign Ministry issued a level-one health update on Thursday, urging people travelling to or staying in seven American states to practice caution, NHK reported. &nbsp,

SOUTHEAST ASIA ON ALERT

According to figures released by the WHO, nearer to 100, 000 confirmed cases have been reported since 2022, along with 208 fatalities reported. &nbsp,

In 2022, cases across Asia were reported in countries like India, Japan and Singapore. &nbsp,

The Singapore’s Ministry of Health ( MOH) stated on Thursday that there are still low risks for public health related to the mpox outbreak and that precautionary measures are in place.

” While there is ( a ) cross-border spread of a potentially more severe mpox Clade I in parts of Central and East Africa, the outbreak has so far remained within the African continent, with no cases of Clade I exported from the African continent,” according to MOH. &nbsp,

” To time, all mpox infections detected in Singapore have been the gentler Clade II attacks, mostly during the 2022-2023 world outbreak”.

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Free visas for Thais to Pakistan

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In: South-East Asia

Discussed: 16 Aug 2024 at 09: 15

Passengers at the Suvarnabhumi airport on April 11. The Pakistani government has made a change to its visa requirements that would allow visitors from 126 nations, including Thailand, to relinquish theirs. (Photo: Varuth Hirunyatheb)
On April 11, travellers arrived at the Suvarnabhumi airport. Thailand and other 126 nations will no longer have to pay immigration fees as a result of the Muslim government’s change in its visa policy. ( Photo: Varuth Hirunyatheb)

The Pakistani government has made a change to its visa requirements that would allow visitors from 126 nations, including Thailand, to relinquish theirs.

The scheme took influence on Wednesday. Originally, Thai card recipients paid 1, 300 ringgit for a holiday card and 1, 950 ringgit for a company visa. The maximum be was 30 times. With the innovative plan, the visa fees for the e-visa program are eliminated while the keep period is extended to 90 days.

The ease of the visa application process is anticipated to help create Pakistan a more appealing target for business and tourism, according to the government. Other places in Southeast Asia on the status provision list include Cambodia, Indonesia, Malaysia, Singapore and the Philippines.

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