25/03/2026
๐ฬฒ ฬฒ๐ฬฒEฬฒxฬฒcฬฒiฬฒtฬฒiฬฒnฬฒgฬฒ ฬฒnฬฒeฬฒwฬฒsฬฒ ฬฒfฬฒrฬฒoฬฒmฬฒ ฬฒtฬฒhฬฒeฬฒ ฬฒKฬฒJฬฒTฬฒSฬฒ ฬฒGฬฒrฬฒoฬฒuฬฒpฬฒ๐ฬฒ๐ฬฒ
๐๐๐ง๐ฆ ๐ฌ๐ญ๐ซ๐๐ง๐ ๐ญ๐ก๐๐ง๐ฌ ๐๐๐ฌ๐ญ๐๐ซ๐ข ๐๐จ๐จ๐ฅ๐ข๐ง๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐ฉ๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ ๐ฐ๐ข๐ญ๐ก ๐๐๐๐ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ
Lestari Cooling Energy, our district cooling joint venture with Stonepeak, has welcomed KWAP as a new investor. KWAP is committing up to RM190 million through Dana Iklim+, Malaysia's first climate-focused investment initiative.
This brings the platform's total capitalisation to up to RM1.5 billion (approximately USD 380 million), combining the strengths of KJTS' operational track record, Stonepeak's global infrastructure expertise, and KWAP's institutional weight as Malaysia's national public sector pension fund.
District cooling is not just an efficiency play. It cuts total energy consumption by up to 50% and significantly lowers CO2 output compared to conventional cooling. At full deployment, Lestari Cooling Energy is projected to avoid over 70,000 tonnes of CO2 emissions every year.
This directly supports Malaysia's National Energy Transition Roadmap (NETR) and positions the platform to serve the country's growing demand across urban development, industrial expansion, and the data centre sector.
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