UEM Group to grow green assets via new unit

UEM Group managing director Datuk Mohd Izani Ghani

KUALA LUMPUR: UEM Group Bhd plans to strengthen and organically grow its green assets and operations in the next five years via UEM Lestra Bhd, its newly formed and wholly-owned subsidiary.

Under the initiative, the engineering-based infrastructure and services conglomerate would also nurture local and capable green players and form strategic partnerships including joint ventures to undertake projects in renewables and storage infrastructure, integrated energy solutions, green or electric mobility and waste management and recycling.