GENTING COMPANIES & KEY BRANDS
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GENTING ENERGY LIMITED
- Genting Energy is unlisted and wholly owned by Genting Berhad. Genting Energy comprises the power and oil & gas business activities of the Group.
- Genting Power Holdings Limited (“Genting Power”) leads the power business of Genting Energy.
- Genting Power was founded in 1995, when the Group invested in its first power plant and became one of the first independent power producers in Malaysia. It was also the first thermal plant in the country to provide its own water supply and supply steam to other industries.
- Genting Power holds equity stakes in three power plants across Asia. This includes wind farm and coal-fired power plants in India, China and Indonesia, with a total net attributable operating capacity of 1,820 MW.
- Genting Power is jointly developing two new plants in China with SDIC Power Holdings Co., Ltd: an aquaculture-complementary 120MWp Dongwucha solar power plant and a 2 × 745 MW gas-fired power plant capable of co-firing hydrogen with natural gas. Upon completion, these new plants will increase the total gross installed capacity to 5,128 MW.
- Genting Power has a good track record of generating value on its investment and has established a strong network of business ties in power industry across China, Indonesia and India – three of the fastest growing power industries in the region.
- Genting Oil & Gas Limited (“Genting Oil & Gas”) spearheads the oil and gas businesses of Genting Energy.
- Genting Oil & Gas was founded in 1996 and has developed nine projects across three countries, mostly 100% owned and operated.
- Genting Oil & Gas has developed significant reputation in the areas of:
- identification or acquisition of good exploration and production acreage;
- safe operation of over 30 onshore and offshore exploration & producing wells;
- high exploration success rate to generate value;
- fractured reservoirs; and
- heavy oil development.
- Its oil and gas assets consist of the oil producing Chengdaoxi block in the shallow waters of Bohai Bay, China; a gas development field under the Kasuri Production Sharing Contract and an adjacent 1.2MTPA floating liquefied natural gas facility project under development in West Papua, Indonesia