Shah Alam, 9th July 2024 – Selangor’s prominent conglomerate, Worldwide Holdings Berhad (WHB), has once again been honoured by The Asset, receiving The Asset Triple A Sustainable Infrastructure Awards 2024 for Renewable Energy Deal of the Year under the Waste-to-Energy (WTE) category for Malaysia. The award was presented at The Asset’s 25th Anniversary Celebratory Gala Dinner at Four Seasons Singapore. This prestigious award recognizes the syndicated green financing of up to RM999 million (the “Facility”) in relation to the development of Worldwide Waste-to-Energy (WTE) Phase 1 (the “Project”) spearheaded by WHB in Jeram, Selangor.
Worldwide Holdings – Landmark Transaction
Norazlina also expressed her gratitude to the project financiers, noting that this achievement proves the viability and promising results of green projects facilitated by public-private partnership (PPP) schemes, such as the Worldwide WTE Jeram. She emphasized that Worldwide Holdings’ participation in such a landmark transaction would not have been possible without the unwavering trust placed in the Group by the financial institutions.
“Leading the development of this project is indeed one of the hallmarks of WHB’s role in environmental management services in Selangor for more than 30 years. Aside from being recognized as one of the high-impact projects under RS-1, it also serves as a long-term solution to waste management, reducing the use of land space for landfilling activities and 95% of the average volume of waste currently managed through conventional landfill disposal,” added Norazlina.
At maximum operating capacity, the Worldwide Jeram WTE is expected to reduce about 2,750 tonnes of carbon dioxide emissions per day and over 600 acres in landfill footprint over the next 30 years. Aligned with WHB’s ESG agenda aspirations, this project will be equipped with advanced international-standard technologies, such as a moving grate and stoker system and an airtight waste bunker with negative pressure, ensuring the project’s clean, sustainable and environmentally friendly operations.
The Asset’s prestigious Triple A Country Awards honour banking, finance, treasury and capital markets industry players from each country globally, including the Asia region, for their excellence and contributions in their respective fields and project ventures.
