• Bursa Carbon Exchange to offer Auction-as-a-Service (AaaS) to facilitate Malaysia’s first auction under the Corporate Renewable Energy Supply Scheme (CRESS)
• The auction seeks to enable efficient price discovery for successful bidders to enter into Bilateral Energy Supply Contract (BESC) with UEM Lestra.

Kuala Lumpur, 22 July 2025 - Bursa Carbon Exchange (“BCX”), a wholly-owned subsidiary of Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”), today entered into a memorandum of collaboration (MoC) with UEM Lestra Bhd (“UEM Lestra”), a wholly- owned subsidiary of UEM Group Berhad, to pilot Malaysia’s first Bilateral Energy Supply Contract (BESC) auction under the Corporate Renewable Energy Supply Scheme (CRESS). CRESS is the Government’s recent initiative aimed at enhancing corporate companies’ access to green electricity supply via third-party access (TPA) to the grid in Peninsular Malaysia.

UEM Lestra, a key player in Malaysia’s energy transition is currently developing several large-scale hybrid solar photovoltaic (PV) projects, including the 1GW flagship project in Segamat, Johor. Slated for commissioning in Q1 2028, this project alone will generate more than 1,000,000 MWh of clean electricity annually, offsetting nearly 800,000 tonnes of carbon dioxide (CO₂) emissions each year. The first Malaysian BESC auction on BCX will allow interested parties to submit their bids for green electricity from UEM Lestra’s large- scale hybrid solar PV projects based on their respective electricity demand.

Under the collaboration, BCX will offer its Auction-as-a-Service (AaaS) solution to facilitate an open and competitive bidding process for renewable energy supply under the CRESS framework. The auction seeks to enable transparent and efficient price discovery of solar electricity under the CRESS programme, allowing participating corporates or potential offtakers to enter into BESC with UEM Lestra.

In addition, the auction is expected to promote greater liquidity within BCX through the eventual clearing and settlement of renewable energy certificates (RECs), once UEM Lestra’s solar PV projects achieve commercial operation.

Dato’ Fad’l Mohamed, CEO of Bursa Malaysia, said "The pilot auction further demonstrates the Exchange’s commitment to support Malaysia’s efforts in transitioning towards a more sustainable energy future, and is in line with BCX’s efforts to broaden its service offerings.”

“A key success factor for the pilot auction is securing credible offtakers through a transparent and competitive process. This is where BCX adds value, by applying our auction expertise to drive price discovery and match demand with supply. In enabling this, we support the Government’s goal of reforming the electricity market through more open and market-led mechanisms,” Dato’ Fad’l Mohamed added.

“This auction enables UEM Lestra to efficiently look for the best offers for our Bilateral Energy Supply Contract (BESC). It marks a shift towards transparent price discovery among interested and qualified offtakers as well as help streamline their procurement and decision-making process”, said Harman Faiz Habib Muhamad, CEO of UEM Lestra.

“This platform helps streamline the procurement and decision-making process for green energy off-takers. We also recognise that BCX meets our key criteria for operating a price discovery platform; It is credible, independent, and free from conflicts of interest, particularly in not competing within the same business space. Most importantly, this auction mechanism positions UEM Lestra to compete in a more dynamic and open electricity market, as we continue contributing toward Malaysia’s goal of achieving 70% installed renewable energy capacity by 2050,” Harman Faiz Habib Muhamad added.

The pilot auction is tentatively scheduled to be held in November 2025. The confirmed auction date will be announced at the 3rd Malaysia Carbon Market Forum, on 15th October 2025. BCX and UEM Lestra will conduct a series of roadshows, to raise market awareness and engage potential offtakers, starting with a session in Penang on 24 July 2025. Interested parties may visit https://bcx.bursamalaysia.com/auctiondetails.html or contact bcx@bursamalaysia.com to learn more on the CRESS auction.

Bursa Malaysia is an Exchange holding company incorporated in 1976 and listed in 2005. It has grown to be one of the largest bourses in ASEAN. Today, Bursa Malaysia operates and regulates a multi-asset exchange, offering a comprehensive range of investment, capital raising, and exchange-related facilities. Bursa Malaysia is committed to its mission of Creating Opportunities, Growing Value for the Malaysian capital market, economy, and society. Learn more at bursamalaysia.com.

Bursa Carbon Exchange (BCX), a subsidiary of Bursa Malaysia, is a global spot exchange that enables corporates to take practical climate mitigation action through the trading of carbon credits and RECs from projects with measurable climate action outcomes that adhere to the international standards. The carbon exchange was incorporated in 2022 and is operated by Bursa Malaysia Carbon Market Sdn. Bhd. Visit https://bcx.bursamalaysia.com for more information.

UEM Lestra Berhad is a wholly owned subsidiary of UEM Group Berhad, driving the group’s strategic investments in the renewable energy, green mobility, and energy efficient infrastructure sectors. Established to support Malaysia’s transition towards a low- carbon economy, UEM Lestra is committed to delivering innovative, scalable, and impactful solutions that contribute to national and global sustainability goals. For more info please visit https://www.uemlestra.com.