PETALING JAYA: Kinergy Advancement Bhd
is emerging as a new name in Malaysia’s independent power producer (IPP) space.
Having built its reputation as a clean energy contractor, the group is now pushing deeper into asset ownership, including by bringing a decommissioned gas-fired power plant back to life.
That royalty-backed move places Kinergy alongside names such as YTL Power International Bhd, Malakoff Corp Bhd and Ranhill Utilities Bhd, while leaving it as the only stock with IPP exposure that has a market capitalisation of below RM1bil.
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