KUALA LUMPUR (March 20): CypARK RESOURCES BHD [] has targeted to generate turnover of about RM45 million from 2013 when the 33 MW solar capacity from its solar plants are completed.
Cypark executive chairman and founder Tan Sri Razali Ismail said the company targeted to complete the installation of an additional 25MW of solar plants in Johor, Perlis, Melaka and Negeri Sembilan by end-2012.
“With the targeted completion of 33 MW total solar capacity, Cypark expects to generate annual turnover of about RM45 million from year 2013 onwards,” he said, adding that by January 2013, Cypark hoped to fully transform itself into a “green utility company” specialising in the area of solar Photovoltaic and waste to energy”.
He was speaking at the official launch of the Cypark’s largest solar park by Prime Minister Datuk Seri Najib Tun Razak in Pajam, Negeri Sembilan. It is the largest grid connected solar park (41.73 acres) and the solar park with the most number of solar panels (31,824).
Work on the 8MW solar park started in September 2011 and was completed by Dec 31.
Cypark will start exporting and selling its energy to TENAGA NASIONAL BHD []’s grid at 95 sen per kilowatt on March 28, 2012.
Cypark executive chairman and founder Tan Sri Razali Ismail said the company targeted to complete the installation of an additional 25MW of solar plants in Johor, Perlis, Melaka and Negeri Sembilan by end-2012.
“With the targeted completion of 33 MW total solar capacity, Cypark expects to generate annual turnover of about RM45 million from year 2013 onwards,” he said, adding that by January 2013, Cypark hoped to fully transform itself into a “green utility company” specialising in the area of solar Photovoltaic and waste to energy”.
He was speaking at the official launch of the Cypark’s largest solar park by Prime Minister Datuk Seri Najib Tun Razak in Pajam, Negeri Sembilan. It is the largest grid connected solar park (41.73 acres) and the solar park with the most number of solar panels (31,824).
Work on the 8MW solar park started in September 2011 and was completed by Dec 31.
Cypark will start exporting and selling its energy to TENAGA NASIONAL BHD []’s grid at 95 sen per kilowatt on March 28, 2012.
