KWAP joins Stonepeak and KJTS district cooling joint venture Lestari Cooling Energy in Malaysia

Malaysian pension fund KWAP commits ~RM190 million to Lestari Cooling Energy, the district cooling JV between KJTS Group and Stonepeak. The platform targets up to MYR 1.5 billion (~$380M) in total capital, addressing an MYR 2 billion+ annual market in district cooling and electricity distribution across Malaysia.

Counterparts (3)

Investor

K

Kumpulan Wang Persaraan (Diperbadankan) (KWAP)

company

Stonepeak Infrastructure Partners

company · 1 deals

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets. They invest capital on behalf of pension funds, endowments, and other large institutions, seeking opportunities with strong macro tailwinds and exceptional growth prospects.

Developer

K

KJTS Group Berhad

company