BURSA CARBON EXCHANGE TO LAUNCH FIRST-EVER BILATERAL ENERGY SUPPLY CONTRACT (BESC) AUCTION IN PARTNERSHIP WITH UEM LESTRA

Bursa Carbon Exchange (BCX) will offer its Auction-as-a-Service (AaaS) solution to facilitate an open and competitive auction process for renewable energy supply under Malaysia’s Corporate Renewable Energy Supply Scheme (CRESS), a scheme introduced by the Energy Commission. CRESS empowers corporate offtakers to secure green electricity directly from renewable energy developers via a bilateral energy supply contract (BESC) – without requiring physical proximity to the power plant.

In partnership with UEM Lestra, BCX will be launching the first-ever BESC auction. The auction seeks to enable efficient price discovery for successful bidders to enter into BESC with UEM Lestra. All of UEM Lestra’s hybrid solar PV developments are strategically designed to participate in the CRESS program. The auction will give corporate offtakers the opportunity to bid for competitively priced, certified green electricity—delivered by UEM Lestra as an alternative to the conventional energy purchase from the grid. The auction will offer green energy in MWh blocks (e.g. 10,000 / 20,000 / 50,000 MWh per year), with contract details to be announced closer to the launch date.

UEM Lestra is the green industries arm of UEM Group Berhad, a wholly owned subsidiary of Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund. Established to champion the nation’s energy transition, UEM Lestra leads the charge in decarbonising Malaysia’s industrial parks, power grid, and transportation sector.

With a clear mission to accelerate Malaysia’s path toward net zero emissions by 2050, UEM Lestra is focused on delivering impactful solutions through renewable energy, energy efficient infrastructure, and green mobility. By nurturing domestic champions and launching strategic green initiatives, we are laying the foundation for a more sustainable, resilient economy.

UEM Lestra 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 CO₂ emissions each year.

All our hybrid solar PV developments are strategically designed to participate in Corporate Renewable Energy Supply Scheme (CRESS), a scheme introduced by the Energy Commission. CRESS empowers corporate offtakers to secure green electricity directly from renewable energy developers via Bilateral Energy Supply Contract (BESC)—without requiring physical proximity to the power plant. This innovative model unlocks flexibility and accelerates the adoption of renewable energy in Malaysia’s corporate sector.

At UEM Lestra, we are committed to driving decarbonisation at scale—empowering industries, enabling clean growth, and shaping a greener tomorrow for Malaysia

https://www.uemlestra.com/

Objectives of the AaaS collaboration:

Conditions of Participation:

  1. Bidders must be onboarded as a BCX participant
  2. Bidders must be TNB’s consumers at medium voltage (MV) or high voltage (HV) levels. This applies to new and existing consumers.
  3. Bidders must submit a bid bond (Amount to be updated)

The auction is tentatively planned to be held at the end of November 2025 and further details will be updated in due course. Interested parties can register your interest by filling up the form below.

Register Your Interest
If you would like to be a part of our BESC auction, please register your company’s interest with us by completing a contact form below and we will be in touch as soon as possible.
Contact Form