Volume 01/2020 January Newsletter

Management’s Perspective:

Salam and Happy New Year to everyone. At last the year 2020 is here, the year that Malaysia is supposed to achieve the ‘developed nation status’ as inspired by the 4th Prime Minister way back in 1995.

2019, really run fast. It was just like yesterday; we were discussing about potential completion of Tennamaram and IRMSolar. Heartiest congratulations to those who were directly or indirectly involved in these two projects. In term of financing, we have managed to successfully signed two financing schemes. The RM100 million Club Deal Facility with China Construction Bank (CCB) and MIDF was the land mark deal for Cenergi Sea Group of Companies. This club deal will be used for future biogas projects and smaller part of it for refinancing of some of the existing biogas projects. On a smaller deal, we managed to secure RM24 million loan from Bank Islam for refinancing of IRMSolar. These two deals were the new ‘beginning’ for the Group moving forward. We managed to prove to the banking and financial fraternity that we have a lot of bankable projects in our pipeline. The loans also can be used as a good story line for our future IPO project. Thank you to Corporate Finance team and those involved in materialising these two financing projects.

2020, will be even a tougher year for everyone. Not only for renewable energy industry, but for all industries. As our political landscape is very volatile and moving at ‘fast track’ mode, we can expect the same for our projects moving forward. There will be a lot more biogas projects in the pipeline. Together with our highly concentrated efforts for solar farms and roof- top solar. Also, not to forget our pellet and energy effciency projects that we will try to deliver in 2020. We need to work fast as one team. TOGETHER WE CAN DELIVER. With that, wishing all the best and a prosper year to all Cenergians.

Read more by downloading the newsletter in PDF format: