January
KAB via its wholly-owned subsidiary, KABEH, ventured into the Philippines market by signing Heads of Agreement (HOA) with LCS Holdings Co., Ltd. (LCS) for the strategic development of 20.0 megawatt-peak ("MWp") solar farm in Santa llocos Sur, with the potential to expand up to 100.0 MWp.
February
A strategic investment is made through KABEH to acquire 100% stake in Tunjang Tenaga Sdn. Bhd. ("TTSB") , which holds an 80% stake in SDF Hydro Sdn. Bhd ("SDF"). The plant, Pedu Dam in Kedah, Malaysia, run by SDF, has a total approved capacity of 9.6 MW and a net export capacity of 8.0 MW approved by the TNB substation.
March
Strengthened KAB's Board by the latest appointment of seasoned energy professionals, Ts. Dr. Amanda Lee Sean Peak and Mr. Jonathan Wu Jo-Han as an Independent Non-Executive Director and Executive Director respectively.
Certified with ISO 37001:2016 Anti-Bribery Management System by NQA.
Released the educational piece titled: The Hidden REC Potential of Malaysia's Hydropower Industry on The Edge Malaysia.
April
Further broadened KAB Board's expertise with the latest induction of Datuk Wira Mubarak Hussain as Non-Independent Non-Executive Director.
May
Elevated engineering order book with two engineering contracts announced, including 14th contract from Mah Sing Group Berhad, and 13th contract from Pembinaan Bintang Baru Sdn Bhd. Both contracts, valued at RM39.3 million proved KAB's engineering capabilities over the years despite transformation into the Sustainable Energy Solutions (SES) realm.
June
Officially recognised as the APAC 2024 Top Energy Sustainability Solutions Provider and featured on Energy Business Review's Energy Sustainability Magazine cover story.
Featured on The Star twice in June, to share perspectives on the development and potential of data centres as a thought leader.
Featured in a special interview on BFM Caijin podcast, focused on exploring KAB's journey and strategic initiatives.
Expanded hydroelectric power portfolio with the completion of a proposed acquisition of Tunjang Tenaga Sdn Bhd ("TTSB") taken place in Feb 2024.
Enhanced renewable energy competence with the proposed acquisition of 100% stake in PT GESO, to develop KAB's 1st greenfield biogas project with an installed capacity of 4.26MW in Indonesia.
Entered into a Memorandum of Understanding ("MOU") with Kedah state-owned investment company, Permodalan Kedah Berhad to advance Sustainable Energy business by integrating combined technical expertise and extensive business acumen.
Became first 100 subscribers of Bursa Malaysia's Centralised Sustainability Intelligence (CSI) platform to adopt ESG disclosures in line with internationally recognised standards.
July
Established strategic partnership with Johor Corporation ("JCorp") to advance Malaysia's sustainable energy landscape, including developing customised Energy Efficient (EE), Renewable Energy (RE), Clean Energy (CE) initiatives for energy-related facilities and engineering projects for data centres or other related facilities under JCorp.
January
Secured a RM 230 million EPCC contract from Sipitang Utilities (formerly known as Regas Terminal Lahad Datu Sdn Bhd), a wholly owned subsidiary of PETRONAS Gas Berhad to develop a 70.2 megawatt power plant and its associated facilities in Sabah, Malaysia.
February
Appointed as the local technical partner of PETRONAS Gas Berhad and hold a stake in Sipitang Utilities Sdn Bhd (SUSB).
June
Successful business transformation into Kinergy Advancement Berhad showcases our notable technological expertise and substantial growth within the energy industry.
July
Expanded Solar PV Portfolio through the completion of the acquisition of the entire entity of Matahari Suria Sdn Bhd (MSSB). MSSB owns a solar PV system on Universiti Teknologi Malaysia Kuala Lumpur's rooftop and holds a renewable energy power purchase agreement with Tenaga Nasional Berhad until 2037.
August
Diversified Sustainable Energy Portfolio with KAB's 1st mini-hydropower plant in Indonesia.
September
On board with Bursa Malaysia’s CSI Platform Early Adoption Programme as part of Mah Sing's Supply Chain Sustainability Improvement Program.
October
Join forces with Alliance Bank Malaysia Berhad (ABMB) to drive sustainable energy and green technological innovation in Malaysia.
Featured in an article highlighting industry expectations for economic growth and active involvement in NETR and NIMP initiatives for 2030, recognised as 1 of 5 companies on the Nanyang 2024 Budget Wishlist.
November
2nd contract awarded by PETRONAS Gas Berhad in a year. Awarded project to support utility expansion and improve infrastructure for the conversion of Liquefied Natural Gas (LNG) carriers into Floating Storage Units (FSUs) at the Pengerang Regasification Terminal.
Our presence regarding Sustainable Energy Solutions has been highlighted by prominent media outlets like The Edge, The Star and The New Straits Times.
Completed acquisition of the 1st Biogas Energy Plant, a 2.4 megawatt capacity through Future Biomass Gasification Sdn. Bhd. (FBG) in Kedah, Malaysia.
December
Strengthened over a 10-year period of involvement with giant property Mah Sing Group Berhad with the 13th contract awarded for the M. Nova residential development project.
Strategic partnership with the Top 2 leading fertiliser supplier, AGROMATE, to spearhead Bioenergy Generation across Palm Oil Mills in Malaysia.
Special mention in a research report by the Datametrics Research and Information Centre (DARE) entitled A Comparative Analysis of Renewable and Sustainable Energy Platforms in Malaysia.
1 of 11 New Inclusions to FTSE4Good Bursa Malaysia (F4GBM) and FTSE4Good Bursa Malaysia Shariah (F4GBMS) Indexes.
Featured on The Edge Bumper Issue (ESG Pull-out), December’s edition topic: KAB Strengthens Waves of Growing Energy Demand: Created an Enriched Energy Avenue with Alternative Sustainable Solutions.
Danajamin guarantees KAB’s RM500mil sukuk murabahah programme KAB Telco Sdn Bhd, a wholly owned subsidiary of KAB, forms a joint venture with MRH Empire Sdn Bhd to build and operate telecommunication towers
Signed Sales Purchase Agreement to acquire an 11 Megawatt hydro power plant in North Sumatera, Indonesia
Secured RM16.7 million Bon Kiara Condominium Project
On-going acquisition of the entire equity of Matahari Suria Sdn Bhd and will continue its ongoing purchase contract to supply energy to Tenaga Nasional Berhad (TNB) up to 2037
Venture into the Biogas industry: On-going acquisition acquisition of Future Biomass Gasification Sdn Bhd to supply 2.4 Megawatt biogas energy
Signed two (2) Power Purchase Agreements with a total combined capacity of 3.4 Megawatt with Nextgreen Pulp & Paper Sdn Bhd, a subsidiary of Nextgreen Global Berhad, to initiate the development of a Green Technology Park at Pekan, Pahang
Diversification into Sustainable Energy Solutions (SES) Segment on 17 November 2022
Secured M&E contracts for: Agile Embassy Garden for RM23.4 million; Trion2 and The Pulse Residence for RM14.7 million Multibay mixed development project for RM17.9 million
Acquired entire equity interest in Dynagen Power (M) Sdn Bhd to supply 2.2 Megawatt power
Secured 15,814 kilowatt-peak Malaysia and Thailand Solar PV Projects
Listed on the FBM EMAS Index in July
Rated 3 Stars in FTSE Russell December Assessment
Embarked into robotic solutions business as an OTSAW's Authorised Reseller in Malaysia
Transferred from ACE Market to Main Market of KLSE on 28th August 2020 Reached RM1.2 billion total cumulative project awarded valueMarket cap hit RM1 billion during migration Making headway in sustainability agenda development
Secured RM46 million worth Metropolis Project Venture and expand into energy efficiency, solar power, cogeneration and waste heat recovery business
Listed on the ACE Market of Bursa Malaysia Securities Berhad on 17th November 2017
Secured contract value at RM41.4 million EkoCheras, Cheras, KL
Secured First contract for the provision of ELV services at UniKL Malaysia Institute of Aviation Technology Campus, Subang, KL
Secured First FTTH project at TTDI Adina at Shah Alam, Selangor
Secured First refurbishment project - UE3 Shopping Mall. Diversified into provision of mechanical engineering services
Accredited with the BS EN ISO 9001:2008 certificate by NQA Certification Services (M) Sdn Bhd
Registered with the CIDB as a Grade 'G7' license holder
Secured First provision of electrical engineering services project for residential apartments at Ampang, Selangor
Registered with Energy Commission Malaysia as a Class A electrical contractor
Founded on 24th February 1997 as a private limited company
Reg. No 1990526-WP052358 Grade 7 (Unlimited Contract Value)
CIDB 3 Stars
0120231129-WP128836
0120220404-WP097973
CIDB 2 Stars
0120231227-WP130464
0120220809-WP104039
0120060620-WP109647