Frequently Asked Questions
Understanding Kinergy, made easy - Bringing together key insights on the Group’s business, growth direction and sustainability journey.
General & Corporate
With up to ten (10) Sustainable Energy Solutions services, Kinergy differentiates itself through a strategic platform anchored by three distinct but complementary pillars: Sustainable Energy Solutions (SES), Engineering, Procurement, Construction and Commissioning (EPCC), and Independent Power Producer (IPP). Rather than offering isolated services, the Group connects development, engineering, execution, and longer-term value participation in a way that supports stronger project alignment and broader strategic relevance.
The Group is also distinguished by its expanding portfolio of energy alternatives, its increasingly regional orientation, its proven engineering heritage, and its ability to engage clients across both decarbonisation priorities and infrastructure performance needs. In simple terms, Kinergy is differentiated not only by what it offers, but by how its capabilities reinforce one another across the energy value chain.
Integrated
Energy Platform
Seamless synergy across engineering, energy solutions and asset participation
Engineering-to-Energy Evolution
Our legacy in engineering drives our strength in delivering the energy future.
Execution
Depth
Proven track record, trusted partners and strong project delivery capabilities.
Asset-aware
Growth Trajectory
Disciplined expansion into assets that create long-term value and resilience.
Kinergy’s proposition is not limited to theory or advisory language. It is grounded in project delivery, commercial practicality, and a steadily expanding portfolio that reflects both market relevance and executional maturity.
Kinergy is a partner of choice for organisations seeking robust, future-ready alternative energy solutions, supported by strong technical capabilities and proven execution. Our platform combines;
- Energy Generation
- Sustainable Energy Solutions
- Engineering Delivery
- and selected Green Attributes Capabilities
To help clients lower emissions, optimise energy consumption, strengthen operational resilience, and plan more confidently for future transition requirements.
Kinergy Advancement Berhad (“Kinergy” or “the Group”) (KLSE:0193) is a Bursa Malaysia Main Market-listed energy and engineering solutions provider with nearly three decades of engineering heritage. Formerly known as Kejuruteraan Asastera Berhad (1997 – 2023), the Group has progressively evolved from a traditional engineering company into an integrated energy platform with growing participation across sustainable energy development, project execution, and long-term infrastructure value creation.
Today, Kinergy is positioned as a next-generation energy company that combines technical depth, disciplined execution, and strategic asset participation. Its broader proposition is anchored on three core pillars — Sustainable Energy Solutions (“SES”), Engineering, Procurement, Construction and Commissioning (“EPCC”), formerly referred to as the Engineering segment, and Independent Power Producer (“IPP”). This evolution reflects a broader shift from project-based execution into a builder, owner and operator of energy infrastructure assets.
Kinergy’s current business model is structured around three strategic pillars that reinforce one another.
Sustainable Energy Solutions (SES)
Represents the Group’s primary growth platform, covering alternative energy solutions, energy efficiency, concession-based opportunities, and green attributes management.
Engineering, Procurement, Construction, and Commissioning (EPCC)
Previously referred to as the Engineering segment, this division has undergone rapid development since 2018 and continues to form the expansion of Kinergy’s traditional engineering strength into a broader delivery capability spanning engineering, procurement, construction and comissioning across more complex energy and infrastructure projects.
EPCC reflects the evolution of Kinergy’s engineering legacy. As the Group expanded into broader project delivery responsibilities, the terminology evolved to reflect a wider role across engineering, procurement, construction and commissioning, while remaining grounded in the engineering strengths that built the business.
Independant Power Producer (IPP)
Development reflects the Group’s progression into builder-owner-operator participation, where Kinergy takes part in longer-duration, large-scale and more complex power generation opportunities that can strengthen earnings visibility and long-term value creation.
Effective 13 January 2025, Bursa Malaysia reclassified Kinergy from the Industrial Products & Services sector / Industrial Engineering sub-sector into the Energy sector / Renewable Energy sub-sector. This was more than an administrative update; it represented formal market recognition of the Group’s transformation into a company whose growth is increasingly anchored in sustainable energy and energy-related infrastructure.
Separately, effective 30 December 2025, the Group’s stock short name changed from KAB to KINERGY, while its stock code remained unchanged at 0193. Together, these Bursa milestones reflect a clearer market identity for the Group, one that is more closely aligned with its energy-led growth trajectory, technical positioning, and expanding role in Malaysia’s evolving energy landscape.
At Kinergy, we transform energy into long-term value. With nearly 30 years of engineering expertise, we deliver integrated energy and infrastructure solutions that power progress across Malaysia and Southeast Asia.
Anchored in strong governance and sustainability, we are committed to delivering reliable performance and long-term impact. We earn the trust of our stakeholders through transparency, accountability, and results that drive meaningful change.
Vision
From Recognition to Leadership, Empowering Greater Impact as a One-Stop Energy & Engineering Solutions Provider
Mission
To lead the low-carbon transition by scaling our growth, advancing engineering excellence, and expanding our suite of alternative energy solutions - delivering sustainable technologies that energise progress toward national carbon reduction and a cleaner, greener, energy-efficient future.
Kinergy’s execution proposition is anchored in its evolving role as a Builder–Owner–Operator, combining project development and execution capabilities with longer-term asset ownership and operational participation. This integrated approach enables the Group to contribute across more stages of the energy asset lifecycle, maintain greater continuity from development through operation, and progressively build recurring, sustainable value across the energy value chain.
Kinergy is headquartered in Kuala Lumpur, Malaysia, with project execution capabilities and business activities spanning multiple states nationwide. At the same time, the Group continues to strengthen its regional footprint through activities, projects, and strategic relationships in markets such as Thailand and Indonesia, while exploring wider opportunities across Southeast Asia.
This regional orientation supports Kinergy’s ambition to grow as an ASEAN-facing energy and engineering platform — one that is supported by local delivery strength, cross-border collaboration, and a strategically diversified portfolio that positions Kinergy to capture opportunities in a more connected and evolving energy landscape.
Kinergy formally rebranded in June 2023 to reflect a strategic shift in accordance with the expansion of its Sustainable Energy Solutions segment. The rebrand signalled that the Group was no longer defined solely by its historical engineering roots, but by a broader energy-led proposition spanning clean energy, renewable energy, energy efficient, and long-duration infrastructure participation.
The refreshed identity also conveyed the Group’s sharpened purpose: to move beyond being a project-based contractor and reinforces its role as a builder, owner, operator of energy assets and engineering platform design for scale, and long-term relevance in a changing market. As the Group’s portfolio matured further, that evolution was reinforced again on 30 December 2025 through the formal adoption of its updated Bursa stock short name, KINERGY.
Kinergy’s foundation was built in engineering, particularly electrical, mechanical, and associated engineering services across commercial, industrial, and infrastructure environments. Over time, that base of technical experience evolved into broader EPCC capabilities, enabling the Group to participate in larger and more complex energy and infrastructure projects with greater control over execution, quality, and delivery outcomes.
The next phase of that journey is the entry into the IPP segment. This does not represent the Group's departure from the Engineering and EPCC space engineering or EPCC strengths; rather, it elevates them. Engineering provided the legacy, EPCC became the execution backbone, and IPP reflects the Group’s progression into longer-duration participation in power infrastructure assets.
Kinergy was inspired by a combination of two words: Kinetic and Energy.
Kinetic
Kinetic emphasises the importance of motion and movement in the industrial sector.
Energy
Energy underscores the significance of power and energy consumption in the industry.
Kinergy
This combination of words reflects momentum, coordination and purposeful progress - qualities that define how the Group brings together technical capability, energy innovation and disciplined execution to create practical impact.
Growth Pillars
SES is Kinergy’s primary growth segment and a central driver of its transformation into an integrated energy company. Since its early expansion from 2018 onward, the segment has evolved from an emerging business line into a scaled platform that contributes meaningfully to the Group’s revenue profile, strategic visibility, and long-term value creation.
The segment allows Kinergy to serve industrial, commercial, and infrastructure-linked clients through practical, performance-driven energy alternatives that support decarbonisation, energy efficiency, operational resilience, and more durable earnings visibility. In strategic terms, SES is the pillar that has most clearly repositioned the Group from conventional engineering toward energy-led growth.
Kinergy’s SES portfolio can be grouped into four broad solution clusters, reflecting the Group’s effort to offer a more complete range of energy alternatives and related value-added services.
Clean Energy
- Waste Heat Recovery
- Gas-fired Power Plants
- Cogeneration solutions
Renewable Energy
- Solar PV
- Hydropower
- Biogas | Biomass
- Battery Energy Storage System
Energy Efficient Solutions
- Chiller Retrofit
- Building Management Systems
Green Attributes Management
- Renewable Energy Certificates (RECs)
- Carbon-related advisory or portfolio support
Discover more of our solutions here: Innovation
SES has elevated Kinergy’s legacy from a conventional engineering heritage into a broader energy-led growth platform with stronger strategic relevance in the evolving low-carbon economy. By combining project origination, technical capability, concession-linked structures and longer-term asset participation, SES enables Kinergy to offer clients a more complete pathway towards decarbonisation, operational optimisation and energy resilience.
The segment has also strengthened the Group’s market standing by expanding its energy alternatives portfolio, deepening client relationships, and improving long-term business visibility. More strategically, SES is the segment that most clearly supports the Group’s evolution toward a more scalable and asset-aware platform. In FY2025, SES contributed 69% of Group revenue, reinforcing its role as Kinergy’s primary growth engine and as a key enabler of stronger earnings visibility, disciplined expansion and long-term value creation. As a result, SES is not only a commercial growth driver, but also a strategic differentiator that strengthens Kinergy’s profile within the broader energy and infrastructure space.
The growth of SES has been built progressively across 8 years, with increasingly larger and more strategic milestones shaping the segment’s identity and scale.
2018 - 2021
In 2018, SES laid the foundation for Kinergy’s transition from an engineering-led business into a broader, integrated energy platform.
2022
In 2022, SES was formally established as a standalone segment following shareholder approval of Kinergy’s diversification into sustainable energy. Key developments included waste heat recovery, solar participation in Malaysia and Thailand, and mini hydropower in Indonesia—expanding the Group’s regional footprint and energy portfolio.
2023
In 2023, SES expanded to 27 projects across Malaysia, Thailand and Indonesia, supported by the landmark 72MW Sipitang Gas Engine Power Plant and Kinergy’s strategic participation within the PETRONAS ecosystem.
2024
In 2024, Kinergy completed the acquisition of its first biogas energy plant in Kedah, strengthening its renewable energy portfolio and further diversifying the SES platform.
2025
In FY2025, SES revenue reached MYR330.2 million and contributed 69% of Group revenue, reinforcing its position as Kinergy’s primary growth engine. Key milestones included the MYR646.32 million Rancha Power project, the full acquisition of Jati Cakerawala, and Kinergy’s reclassification under Bursa Malaysia’s Energy sector, alongside the change of its stock short name to KINERGY.
2026
In 2026, Kinergy advanced its long-term energy participation through progress on the 1.5 GW Perlis CCGT pathway, a strengthened technical alliance with B.Grimm Power, and a 21-year hydropower-backed VPPA with Safran Landing Systems Malaysia.
Together, these developments reinforced Kinergy’s progression from project execution towards longer-duration, recurring-value participation across the energy value chain.
SES broadens Kinergy’s revenue model beyond one-off construction cycles by combining concession-style assets, longer-tenure energy arrangements and recurring service opportunities that support deeper lifecycle participation. While complementary capabilities such as green attributes management strengthen the overall platform, the segment’s core value lies in its ability to extend Kinergy’s participation beyond initial project execution.
This is important because SES acts as a strong enabler of the Group’s broader direction. It supports Kinergy’s shift towards a more asset-aware and recurring-value platform, strengthens the foundation for its growth drivers, and helps fuel expansion across the wider energy portfolio.
To view our financial reports, visit this link: https://www.kinergyadvancement.com/investor-relations/financial-reports
Kinergy’s SES segment serves a diverse mix of industrial and commercial sectors, including oil and gas, manufacturing, aerospace, automotive, property, retail, and infrastructure-related users. The Group’s ecosystem of clients and counterparties includes established industry leaders such as PETRONAS Gas Berhad, Johor Corporation, Perbadanan Kemajuan Negeri Perak, and more recently, Thailand’s leading energy conglomerate - B. Grimm Power.
This breadth is important because it supports both resilience and relevance. Kinergy’s solutions can be adapted to organisations with different operational profiles, energy needs, and sustainability priorities, allowing the Group to remain commercially responsive while building long-term strategic relationships.
Kinergy’s EPCC segment provides end-to-end engineering, procurement, construction and commissioning capabilities for energy and infrastructure projects. The segment covers planning, system integration, construction management, installation, testing, and commissioning across selected electrical, mechanical, and associated engineering scopes.
More importantly, EPCC now serves as the Group’s execution backbone. It enables Kinergy to deliver larger and more technically demanding projects while supporting the expansion of its broader energy platform.
EPCC supports Kinergy’s broader business model by giving the Group the in-house execution depth to translate originated opportunities into actual infrastructure delivery. In practical terms, it allows Kinergy to design and system integration, site coordination, installation, testing and commissioning with closer control over schedule discipline, build quality and delivery readiness.
This becomes increasingly important as SES projects scale in complexity and as the Group prepares for longer-duration participation in power infrastructure. EPCC therefore serves not only as a delivery function, but as the capability that connects development intent with on-the-ground execution.
Kinergy’s credibility in EPCC is supported by two layers of track record. First, the Group brings nearly three decades of engineering execution experience, with the Engineering segment having recorded seven (7) completed projects as at end-2025 and bringing the cumulative total to 118 projects. Second, the EPCC capability itself has developed rapidly since 2018, with repeat awards in more strategic energy infrastructure projects.
This includes the Group’s third major PETRONAS-related power project and its largest EPCC contract to date — the 120 MW gas engine power plant project in Labuan. Beyond power projects, Kinergy’s broader engineering track record also includes long-standing commercial and property-linked relationships, including repeated assignments associated with Mah Sing developments. Together, these points support a credibility profile built on delivery continuity, and execution readiness.
Kinergy’s engineering and EPCC-related work has involved counterparties across the industrial, utility, property, and energy space. On the energy side, this includes projects associated with PETRONAS Gas Berhad and related power infrastructure vehicles. Across its broader legacy and delivery track record, the Group has also operated in property-linked and commercial environments, including long-standing involvement with Mah Sing developments.
The significance of these relationships lies not only in brand recognition, but in what they imply about Kinergy’s operating reputation: repeatability, responsiveness in complex environments and confidence in the Group’s ability to deliver within strategically important infrastructure settings.
Kinergy’s Engineering and EPCC-related work has involved partnerships and counterparties across the industrial, utility, and energy space, including projects associated with the PETRONAS ecosystem as well as other established entities in infrastructure- and property-linked environments. These relationships have played an important role in validating the Group’s engineering reliability, execution readiness, and positioning for larger future opportunities.
• Over 29 years of track record
• Partners: >85
• Completed Projects: 119
The significance of these counterparties lies not only in their brand recognition, but in what they reflect about Kinergy’s operating reputation: trust in delivery, responsiveness in complex environments, and the ability to perform reliably within strategically important infrastructure projects.
Kinergy’s entry into the IPP segment is marked by its strategic participation in the Perlis gas-fired power plant platform through Teknologi Tenaga Perlis Consortium Sdn. Bhd. (“TTPC”), following the full acquisition of Jati Cakerawala Sdn. Bhd. in August 2025. This represents a significant step in the Group’s evolution from engineering and energy solutions delivery into longer-term participation in power generation assets, while extending another strategic arm within Kinergy’s portfolio and reflecting the Group’s growing recognition in larger-scale energy infrastructure.
The IPP segment reflects a natural progression of capabilities that Kinergy has developed over time, particularly across SES, power-related EPCC execution, strategic project structuring, and the confidence to participate in larger-scale infrastructure development and execution.
TTPC is strategically important because it marks Kinergy’s progression into longer-duration infrastructure value creation. It supports the Group’s transition toward a builder-owner-operator model while positioning Kinergy within a nationally relevant power development initiative that has implications for capacity, security of supply, and long-term energy infrastructure readiness.
The platform is also meaningful because it demonstrates the Group’s readiness to participate in larger-scale generation opportunities backed by execution experience, technical understanding, and stronger partner alignment. In strategic terms, TTPC is one of the clearest expressions of Kinergy’s move from execution-led growth into asset-linked energy participation.
Kinergy’s readiness for IPP participation did not emerge in isolation. It is underpinned by earlier involvement in major power-related projects, including the 72 MW gas engine power plant in Sipitang and the 120 MW power plant project in Labuan. These projects strengthened the Group’s execution confidence, technical familiarity, and credibility in the gas-fired power space.
Together, they form an important bridge between Kinergy’s engineering past, its current SES platform, and its longer-term ambitions in power generation ownership and operation. They also demonstrate that the Group’s IPP entry is rooted in operating progression rather than pure aspiration.
Strategic partnerships support Kinergy’s IPP development by broadening access to complementary technical expertise, project structuring support, market reach and future development opportunities. However, Kinergy’s capabilities in this space are not partnership-dependent at the foundational level; they are built on the Group’s own engineering heritage, SES growth platform and demonstrated EPCC experience in complex gas-related infrastructure. In that context, collaborations such as those involving PETRONAS-related stakeholders and B.Grimm are best understood as capability amplifiers and strategic enablers, rather than substitutes for Kinergy’s own execution base.
Facility Management
Facility Management becomes another valuable supporting capability within Kinergy’s broader service ecosystem. It complements the Group’s engineering and energy strengths by helping clients optimise asset performance, reduce downtime, improve operating efficiency, and preserve longer-term facility value.
While it is no longer the primary lens through which the Group is positioned, Facility Management still reflects Kinergy’s practical ability to support the operational side of built assets and infrastructure environments — particularly where lifecycle reliability and responsiveness matter.
TVT LINK TECH SOLUTIONS SDN. BHD.
A dedicated Facility Management entity within Kinergy Group
Discover our Company Profile here
Facility Management continues to offer meaningful complementary value as part of an integrated services approach. Its recurring nature and lifecycle relevance make it a useful capability where clients place value on end-to-end support, asset stewardship, and operational reliability.
Going forward, Facility Management is best framed as complementary to Kinergy’s larger energy and engineering proposition rather than as one of the Group’s principal strategic growth pillars. In that sense, its role is to strengthen the Group’s wider service depth and delivery credibility.
Kinergy’s Facility Management-related portfolio has included recognised clients and environments across commercial and institutional settings. Among the names associated with this capability are DHL, Cyberview, BHP, KLCC Property, Suria KLCC, and various technology-linked or systems-related environments.
This track record supports the Group’s broader reputation for delivery, responsiveness, and practical lifecycle support across multiple asset classes. It also reinforces Kinergy’s long-standing ability to operate in real-world environments where technical support and service continuity are critical.
ESG & Sustainability
Yes. Kinergy is included in both the FTSE4Good Bursa Malaysia Index and the FTSE4Good Bursa Malaysia Shariah Index. This dual inclusion represents an important benchmark for the Group, reflecting continued progress in strengthening sustainability-related practices, responsible corporate conduct, disclosure discipline and stakeholder confidence. It also reinforces Kinergy’s positioning as a company that is building growth alongside stronger governance and sustainability alignment.
Kinergy has maintained a 3-star ESG rating under the FTSE Russell ESG Assessment since 2021, spanning four consecutive years. The consistency of this rating reflects the Group’s ongoing efforts across environmental, social and governance pillars, including governance practices, anti-corruption controls, climate-related disclosure, labour practices, employee development and stakeholder engagement.
At Kinergy, sustainability is the blueprint for our growth. We categorise our impact into four strategic pillars:
Economic
Powering Green Growth
We deliver long-term value through efficient, resilient and innovative energy solutions that support sustainable economic development.
Social
Safe, Resilient and Supportive Environment for People and Communities
We prioritise the health, safety and well-being of our people and empower communities through education, engagement and inclusive growth.
Environment
Decarbonising Energy, Preserving the Planet
We are committed to reducing emissions, improving resource efficiency and accelerating the transition to a low-carbon energy future.
Governance
Guided by Integrity, Governed for Impact
We uphold the highest standards of governance, ethics and transparency to ensure accountability and long-term sustainable impact.
ESG & Sustainability at Kinergy is not treated as a standalone reporting exercise. It is progressively being embedded as a strategic operating lens within the Group’s growth pillars, supporting project selection, asset evaluation, capital discipline and longer-term resilience. As Kinergy expands its Sustainable Energy Solutions (“SES”) portfolio and moves toward greater asset participation, ESG and sustainability considerations help inform how the Group evaluates risk, return profiles and operational durability across the project lifecycle.
Kinergy’s FY2025 sustainability highlights span governance, environmental management, workforce development, and community impact. Together, these reflect the Group’s effort to embed sustainability into both operating discipline and stakeholder outcomes.
 | Governance & Ethical Leadership |
100% Operations assessed for corruption-related risks Zero (0)
|
 | Climate & Environmental Progress |
Climate-related Disclosures Initiated With reference to the latest NSRF Requirements of IRFS S2 87,003,082 kWh Electricity Generated from SES Projects Equivalent to powering approximately 36,252 Malaysian households for one year 66,614 tCO2e Emissions Avoided from SES Projects Equivalent to taking approximately 15,500 passenger vehicles off the road for one year
Illustrative equivalence based on TNB's published Green Electricity Tariff block sizes. Figures are rounded and are not verified or endorsed by TNB |
 | People & Community |
37.5% Women on Board Exceeds the 30% Female board participation threshold Zero (0)
Reflecting our continued commitment to a safe and responsible workplace 99.2% Spending on Local Suppliers Supporting local Malaysian businesses and strengthening domestic value chains |
Yes. Kinergy is a certified market participant in Malaysia’s REC trading ecosystem. Its REC-related capabilities extend across asset registration, data and attribute verification, issuance support, trading-related facilitation and ongoing certificate management, allowing the Group to support clients pursuing cleaner energy claims with stronger transparency and compliance alignment.
To date, Kinergy’s REC-related scope covers 11 facilities, comprising nine domestic solar installations, one hydropower plant and one waste heat generation facility. This capability complements the Group’s wider sustainable energy platform by extending its role beyond project delivery into environmental-attribute support and corporate decarbonisation-related services.
Kinergy creates social value by strengthening people, communities and the wider stakeholder ecosystem that supports its growth.
Employee Welfare
Kinergy continues to invest in its people through initiatives that support wellbeing, capability building and workplace connection. This includes the Kinergy Recreational and Welfare Club (RWC), established to strengthen employee engagement, internal relationships and community participation, as well as Kinergy WellnessLink, which promotes healthier lifestyles and a more connected workplace culture. These efforts are further supported by continued training, workplace safety initiatives and broader programmes that encourage learning, inclusion and employee development.
Community Support
Kinergy’s community contribution goes beyond one-off donations. The Group supports community development, welfare initiatives and education-focused programmes such as the KAB-UNITEN YCU Merit Scholarship, helping to create awareness, opportunity and longer-term socioeconomic value. As Kinergy continues to grow, these efforts also contribute to employment creation and talent pathway development across the energy and engineering ecosystem.
Stakeholder Engagement
Kinergy’s social value is also reflected in the way it engages with local suppliers, regulators, strategic partners, customers, investors and surrounding communities. Through responsible and transparent engagement, the Group supports local economic participation, strengthens project delivery confidence and builds long-term trust across its operating ecosystem. In FY2025, Kinergy highlighted RM296,131.66 in community development contributions and 91.9% spending on local suppliers, reinforcing its commitment to linking business growth with local participation and shared value creation.
Kinergy’s sustainability disclosures are guided by Bursa Malaysia Securities Main Market Listing Requirements, Bursa Malaysia’s Sustainability Reporting Guide (3rd Edition) and Illustrative Sustainability Report Guidelines, the Global Reporting Initiative (“GRI”) Standards, the Task Force on Climate-related Financial Disclosures (“TCFD”) key elements and recommendations as referenced in Bursa’s requirements, and IFRS S2 on Climate-related Disclosures issued by the International Sustainability Standards Board (“ISSB”).
For more information on Kinergy’s ESG and Sustainability priorities, initiatives and performance, click here to read our FY2025 Sustainability Report.
Connect & Discover
Kinergy Advancement Berhad
199701005009 (420505-H)
KINERGY (KLSE:0193)
Market: Main Market
Sector: ENERGY
Rooted in 29 years of engineering strength, we are redefining possibilities as a Malaysian Energy company—expanding our Sustainable Energy Solutions (SES) portfolio with up to 10 advanced energy alternatives.
