KUALA LUMPUR: CypARK RESOURCES BHD [] plans to invest RM94.29 million to build a renewable energy park (RE Park) in Pajam, Negri Sembilan that would be capable of generating up to 10 megawatts of power.
It said on Tuesday, March 8 that the project was expected to generate Gross National Income of RM12.16 million each year for the next 21 years, totalling RM255.36 million.
Cypark's Renewable Energy Park project has been included as one of the Entry Point Projects (EPPs) of the ETP as announced by Prime Minister Datuk Seri Najib Razak today.
Cypark said it would spearhead an initiative to build the RE Park on 26 hectares of remediated landfill in Pajam.
The remediation and closure work of this landfill together with other 16 landfills have been carried out by Cypark, it said.
Cypark said the proposed RE Park involved the integration of three potential resources available at the landfills i.e. solar, landfill gas (biogas), and waste (biocell) into a scalable renewable energy project capable of generating up to 10 megawatts of power in Pajam Landfill alone.
The proposed sustainable economic transformation of non-sanitary landfills into RE Park is in line with the ETP (Oil & Gas and Energy: EPP 10) and shall be carried out through the private investment initiative of Cypark, it said.
“The RE Park will unlock the economic potential of landfill sites. Through a sustainable program outlined by Cypark, the economic opportunities of unsanitary landfills, otherwise locked and lost for at least 15-20 years, will be realised in the near future.
“The RE Park involves the integration of three potential resources available at the landfills i.e. solar, landfill gas (biogas) and bio-cell into a large scale renewable energy project,” it said.
http://www.theedgemalaysia.com/business/182982-cypark-to-invest-rm9429m-to-build-renewable-energy-park-.html
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