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.
KUALA LUMPUR: Cypark Resources Bhd
will build and commission a large scale solar photovoltaic plant of 30MWa.cat the Kelinchi dam in Negeri Sembilan.
Cypark said on Friday it had secured a RM260.51mil contract from Cove Suria Sdn Bhd to undertake the engineering, procurement, construction and commissioning (EPCC) and operation and maintenance (O&M) of the plant.
The EPCC is for 24 months while the O&M is 21 years from the commercial operation date.
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