UOB Malaysia reiterates commitment to support country's transition to cleaner energy

UOB Malaysia managing director and country head of wholesale banking Ng Wei Wei

KUALA LUMPUR: United Overseas Bank (Malaysia) 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 the country.

In a statement today, UOB Malaysia said the bank was 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.