KUALA LUMPUR (April 29): Selangor Dredging Bhd, a tin miner turned property developer, is venturing into the energy efficient industry by marketing environmental friendly products and solutions.

In a filing with Bursa Malaysia today, Selangor Dredging said its wholly-owned subsidiary SDB Green Energy Pte Ltd had entered into an International Area Development Agreement with Greener Energy LLC.

Greener Energy is a US-based company. Selangor Dredging said Greener Energy has a system to establish and operate retail stores under a brand called "SuperGreen Solutions", to sell energy efficient products for homes and businesses

Greener Energy awards SDB Green Energy licences to own and operate stores in Malaysia; market, develop and supervise stores; and recruit third party franchisees to establish and operate SuperGreen Solutions Stores.

While no monetary details is available in the filing, Selangor Dredging did disclose that the businesses includes sale and installation of solar power panels, solar car ports, electric vehicle charge points and stations, efficient water heating systems, atmospheric water filters, skylighting and natural lighting systems, light-emitting diodes and other efficient lighting, ventilation, weatherization, and insulation, wind power, energy management and climate control systems.

Selangor Dredging closed unchanged at RM1.02 today, giving it a market capitalisation of RM426.13 million.