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Mechanism to reduce energy cost

Mechanism to reduce energy cost 23 May 2021 / 23:15 H. THE demand for electricity is rowing in lockstep with technological advancements. Fortunately, there are numerous opportunities to reduce energy cost in industrial and commercial sectors. The Energy Efficiency and Conservation Act provides significant benefits to industrial and commercial sectors, particularly in terms of lowering energy cost. By introducing energy efficiency programmes, the industrial sector will increase economic productivity through energy-efficient technologies and processes. In addition, the registered energy manager will keep track of their usage and make recommendations to increase their performance based on their operations. This would have a direct impact on energy use and bill.

OCBC Bank, MFP conclude agreement for RM100m green loan

VAT Manufacturing solar PV installation. KUALA LUMPUR: OCBC Bank (Malaysia) Bhd (OCBC Bank) and MFP Solar Sdn Bhd have concluded an agreement for the setting up of a RM100mil facility to finance the development of multiple rooftop solar photovoltaic plants. The Malaysian Rating Corporation (MARC) had earlier performed a green loan assessment on the loan facility and assigned it a gold assessment. In a joint statement issued by OCBC Bank and MARC on Monday, they had closed the externally reviewed multi-tranche green term loan facility for MFP Solar. Each tranche of the Facility will be a standalone term loan that will exclusively finance the project cost of an eligible rooftop solar photovoltaic plant.

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