KUALA LUMPUR: Bursa Carbon Exchange (BCX), a wholly owned unit of Bursa Malaysia Bhd
, has signed a memorandum of collaboration (MoC) with UEM Lestra Bhd, a wholly-owned unit of UEM Group Bhd, to pilot Malaysia’s first Bilateral Energy Supply Contract (BESC) auction under the Corporate Renewable Energy Supply Scheme (CRESS).
The BESC auction, set to launch on BCX, will allow corporates to bid for green electricity from UEM Lestra’s large-scale hybrid solar photovoltaic projects, based on their respective demand.
