UOB reiterates support for transition to cleaner energy

UOB Malaysia managing director and country head of wholesale banking Ng Wei Wei (pic) said the bank is committed to supporting projects that will help the country make the transition to natural gas and renewable to increase the national power capacity mix.

KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has reiterated its commitment to help the country’s transition to cleaner energy by supporting power plants with lower environmental impact and financing natural gas and solar projects.

In a statement, UOB Malaysia said the bank is a co-financier in a Commodity Murabahah Term Financing-i facility for the recently-announced 1,200 megawatt combined-cycle gas turbine power plant in Pulau Indah, Selangor.