Petaling Jaya: KJTS Group BHD, a provider of energy-efficient cooling solutions has formed a joint venture with Stonpec, an alternative investment firm, which is expertise in infrastructure and real assets, which is through a fully owned subsidiary KJ Technical Services SDN BHD (KJTS SB).
90% equity interest and KJTS SB will remain in Stonpec partnership. The joint venture unit will target investment up to RM1.5 billion in infrastructure assets to support Malaysia’s growing energy demand and intensify the transition to more sustainable cooling solutions.
The joint venture will be structured through a newly established unit (JV company), which will focus on the development and/or owner of the district cooling property in Malaysia. With increasing urbanization and potentially increasing energy costs, demand for efficient cooling solutions is expected to increase significantly. By taking advantage of innovative technology, future stating maintenance, and data-conducted adaptation, the purpose of the JV company is to increase efficiency, reduce energy consumption and support Malaysia’s pure-zero ambitions.
The two companies said in a joint statement that they believe that the investment is aligned with Malaysia’s Energy Efficiency and Protection Act 2024, National Energy Efficiency Action Plan 2016-2025 and Green Technology Master Plan 2021-2030.
“It also complements the ASEAN Cool initiative, which is the position of Malaysia as a leader in the progress of the regional cooling infrastructure. We believe that the JV company provides a strong platform to expand cooling solutions that reduce dependence on traditional energy-intensive cooling methods, ”he said.
The KJTS SB will lead to identification and acquisition of property, ensuring alignment with energy transition strategy. In providing engineering, procurement, construction and maintenance services, KJTS SB will apply its engineering expertise to provide high efficiency cooling solutions. Additionally, as a provider of operation and maintenance services, KJTS SB will apply a display-based guarantee to maximize efficiency, reliability and cost savings for the end users.
Stonpec will contribute to financial capital and strategic inspection, guiding the JV company’s investment strategy and portfolio expansion. With extensive experience in investment of global infrastructure, Stonpec brings valuable industry relationships and expertise in scaling high-effects energy transition projects. The JV company has been structured to balance the financial leadership with operating expertise, which ensures a permanent and scalable model for long -term success.
Both parties have agreed to clear governance protocols, including structured decision making, financial reporting and compliance with international regulatory standards. The KJTS SB cooling will also deploy advanced real-time system monitoring, future stating maintenance and data-operated adaptation techniques to increase the operational efficiency of assets.
“Our partnership with Stonpec is an important step in expanding the footprint of our cooling infrastructure. As the demand for durable cooling increases, this joint enterprise strengthens our ability to provide skilled, scalable solutions that supports Malaysia’s energy infection and economic development, “said independent non-executive chairman Azura Azman.
With the investment target of up to RM1.5 billion, this initiative outlines the long -term capacity of Malaysia’s cooling field. By increasing the infrastructure modernization and high efficiency cooling assets, the purpose of the JV company is to set a new standard for energy-efficient cooling solutions in the area.
