PASIR MAS: It has been three months since septuagenarian Asiah Mamat set foot in her home in Kampung Tersang, Rantau Panjang, here as the area is still inundated after the floods last November.
Cypark Resources Bhd has fixed the issue price of its private placement exercise at 38 sen per share to raise about RM68 million, which is lower than what it had planned earlier.
KUALA LUMPUR (May 27): Cypark Resources Bhd chairman Tan Sri Razali Ismail has ceased to be a substantial shareholder of the company, following the disposal of 7.26 million shares or a 1.22% equity stake in the renewable energy company since May 24.
“As a leading renewable energy (RE) provider in Malaysia, we hope that this project will set the precedent to have more floating solar projects developed in Kelantan in the future. This is especially with the Malaysian government’s strongly declared commitment to aensure that green technology and RE are part of the future economic blueprint of Malaysia, ” said Cypark executive chairman Tan Sri Razali Ismail.
, through its indirect subsidiary Cypark Estuary Solar Sdn Bhd, along with Cove Suria Sdn Bhd and Kelantan Utilities Mubaarakan Holdings Sdn Bhd, have launched Malaysia’s largest floating solar power plant in Danau Tok Uban, Kelantan.
through its partly owned indirectly subsidiary, Cypark Estuary Solar Sdn Bhd and Cove Suria Sdn Bhd together with its co-partner, Kelantan Utilities Mubaarakan Holdings Sdn Bhd has launched the country’s largest floating power solar plant (FSP) in Danau Tok Uban, Kelantan.
Cypark and Cove Suria will install 30MW each, which brings a total of 60MWac large-scale floating Solar PV in Danau Tok Uban, Kelantan.
Upon completion, the FSP will be the largest floating solar plant in Southeast Asia and the second largest in Asia after China.
Cypark said the FSP consists of 247,830 solar panels, which together will generate about 140,000 MWh of power per annum. It can power up to 46,480 households and save about 96,600 tonnes of carbon dioxide annually.