Cypark to sign deal by mid-year

The company said in its Bursa Malaysia announcement that the proceeds from this Islamic debt issuance would be to part-finance the costs and expenses associated with the design, engineering, procurement, construction and commissioning, ownership, operation and maintenance of 3x30MWAC solar photovoltaic power plant projects.

PETALING JAYA: Cypark Resources Bhd targets to sign the concession agreement with the Government for its waste-to-energy project in Ladang Tanah Merah (LTM), Negri Sembilan by the middle of this year.

Co-founder and group chief executive officer Datuk Daud Ahmad said the deal was expected to generate about RM100mil in revenue annually over the 25-year concession period.