Cypark's LSS3 plant in Terengganu reaches commercial ops date


KUALA LUMPUR: Cypark Resources Bhd's 100-MWac (megawatt alternating current) large scale solar 3 (LSS3) hybrid solar energy plant in Merchang, Terengganu, has reached its commercial operation date (COD) on June 9, marking a significant achievement in supporting Malaysia’s ambition for a 70 per cent renewable energy mix by 2050.

The Merchang hybrid solar energy plant is an innovative project comprising 35MWac of floating solar and 65MWac of ground-mounted solar, making it one of the largest hybrid solar installations in the region, Cypark said in a statement today.

Its executive chair, Datuk Ami Moris, said the achievement of COD for Merchang hybrid solar energy plant is a testament to Cypark's commitment to becoming a significant contributor to Malaysia’s net-zero ambitions.

"Our journey has not been without challenges, but the commitment of our shareholders especially Jakel Capital in ensuring effective project management together with the injection of much-needed fresh capital post-COVID have been pivotal in getting us to the finishing line.

"With a power purchase agreement signed in June 2020, during the height of the pandemic, and unprecedented year-end floodings at our project site over the last two years, we are now more experienced and better equipped to deal with future risks and challenges," she said. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Wall St set for higher open as US-Iran ceasefire lifts sentiment
Golden Destinations’ IPO oversubscribed by 2.10 times
EPB proposes Main Market transfer
Infoline Tec subsidiary to purchase RM18.6mil factory buildings
PMW International ties up with STIDC for new Sarawak manufacturing facility
LSH unit secures Kuantan road upgrade contract
AIBIM: Islamic banking industry remains resilient amid Middle East uncertainties
Ringgit rises to 3.97 against US dollar at the close as US-Iran reaches ceasefire deal
Inta Bina bags RM32mil construction job
MNC Wireless to fund digital push with rights issue

Others Also Read