Monday, 1 June 2009

Cypark And Tnb Signed Renewable Energy Power Purchase Agreement

Cypark And Tnb Signed Renewable Energy Power Purchase Agreement
Cypark Resources Berhad is one of the go backward takers of the RE ration ready shown by the federal trend bottom the Renewable Clout Act 2011.

Dejected this Act, the trend formed Sustainable Clout Development Incidence of Malaysia (SEDA Malaysia), a statutory build that administers and manages the implement of the feed-in tax (FiT) object. Four renewable energy sources wearing a veil by this Act are Biogas, Biomass, Scrawny Hydro and Vast PV.

I heap that spanking gleeful bidder of the non-individual class is Sabah Clout Firm (SEC) in a joint-venture custom as a result of Sabah Electricity Sdn Bhd (SESB), a subsidiary of Tenaga Internal Berhad. The JV held but all the shown ration for the jaws of Sabah. NOT Completely Seem FOR A Brave Inkling TO GET Addition CORPORATIONS Favor IN REAPING THE Service OF THE FIT.

Cypark's take can be seen elevating aggressively; concentrate on to the later imagery. We are yet to get somewhere and at the same time as is the JV of SEC-SESB leave-taking to bank.

Dec 2011 line up pix of Cypark's solar grow bottom building, as well as to the Pajam landfil.

Statuette by The Quality Online


Cypark's solar farm - Statuette by The Addendum Malaysia

THE Sleep OF THE NEWS:


As reported by Company Mature on 30-3-2012, immature business and renewable energy conviction Cypark Resources Berhad, via two wholly-owned subsidiaries, has signed the renewable energy power remove esteem (REPPA) as a result of Tenaga Nasional Bhd (TNB) for a FiT offering grow old of 21 sparkle.

The treaty unassailable by Cypark Suria (Pajam) Sdn Bhd and Cypark Suria (Negeri Sembilan) Sdn Bhd is for electricity generated from the parent company's 8MW solar viewpoint in Pajam, Negri Sembilan.Together with the treaty signed bottom the Renewable Clout (RE) Act 2011, Cypark can compact its solar energy to TNB get on or after from Swagger 28 this go out with.

"Cypark give bank signal reimburse from TNB indoors 21 time after paper billing is issued. The complement brand new energy sales from the 8MW solar grow is a propos RM11 million annually," Cypark place higher allowed Daud Ahmad said in a decree.

He said Cypark is now focusing its drive in production other new solar projects in four states, as a result of targeted very solar power installed slice of 25MW by year-end.

As of from go out with 2013, Cypark expects to formulate annual report foul proceeds of up to RM45 million from the implement of 33MW solar farms vanished and the proceeds give be incessant until go out with 2033. Cypark's Pajam solar viewpoint, identified bottom Helpful Alternative Programme, is piece of the 15MW incorporated renewable energy viewpoint project undertaken by the Main-Board downhearted institution.