UEM Lestra acquires 51% in independent power utility firm NUR Power

KULIM: UEM Lestra Bhd, a wholly owned subsidiary and the green industry arm of UEM Group Bhd, has acquired a 51 per cent stake in the independent power utility (IPU) company NUR Power Sdn Bhd.

UEM Lestra's chief executive officer Harman Faiz Habib Muhamad said the strategic involvement of UEM Lestra as a government-linked company through this majority stake is driven by the potential for substantial value creation leveraging NUR’s established operational strengths, which offer vast opportunities for future expansion.