Latest news with #ChristopherYap
The Star
04-08-2025
- Business
- The Star
AmBank grants RM222.8mil for Penang green industrial park
KUALA LUMPUR: AmBank Group, via AmBank Islamic Bhd, has extended RM222.8mil in financing to Suling Hill Development Sdn Bhd. The company is a 50:50 joint venture between Northern Industrial Park Sdn Bhd, a wholly-owned subsidiary of AME Elite Consortium Bhd, and Majestic Gen Sdn Bhd. The financing supports the development of Northern TechValley @ BKE, a 175.6-acre freehold green industrial park in Suling Hill, Seberang Perai Tengah, Penang. The project marks AME's entry into northern Malaysia, bringing its award-winning green industrial concept to the region. With a projected GDV of RM1.3bil, Northern TechValley is set to be a next-generation integrated industrial ecosystem. Northern TechValley @ BKE integrates sustainability across its design, emphasising community well-being and environmental stewardship. 'This financing reflects our commitment to support Malaysia's industrial and economic growth, especially in key northern regions. We are proud to partner with reputable groups like AME and Majestic Gen – and to play a role in building future-ready infrastructure for the country,' AmBank managing director, business banking Christopher Yap said in a statement. Meanwhile, Suling Hill Development director Dylan Tan said the joint venture marks a significant milestone for AME as the group strategically expands its presence into the northern region. 'Northern TechValley @ BKE extends AME's proven expertise in developing and managing sustainable industrial parks to Penang. The project will deliver a future-ready ecosystem that meets modern industrial demands and supports the growth of both local and multinational businesses,' Tan said.
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
