LBS achieves pivotal milestone in green financing

LBS group managing director and chief executive officer Datuk Wira Joey Lim Hock Guan (left) and Alliance Bank’s group chief executive officer, Kellee Kam (right) at the official document presentation ceremony.

LBS Bina Group Bhd has announced that its special purpose vehicle, Suria Hijauan Sdn Bhd has secured a RM88.4mil green financing facility from Alliance Bank Malaysia Bhd to fund the Engineering, Procurement, Construction and Commissioning (EPCC) costs for its maiden 43 MWp solar farm project.

The project, which is under the Corporate Green Power Programme (CGPP), is located in Senawang, Negeri Sembilan and is scheduled for completion by the end of 2025.