Cypark awarded RM260.51 million solar plant project
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Cypark Resources Bhd has bagged a RM260.51 million contract for the construction of a 30MW large scale solar photovoltaic plant at Empangan Kelinchi, Negeri Sembilan.
The company told Bursa Malaysia it had on January 26 accepted the conditional letter of award dated January 26, 2018 from Cove Suria Sdn Bhd.
The engineering, procurement, construction and commissioning of the plant is for a period of 24 months, while operation and maintenance will last for 21 years.
At 2.31pm, Cypark’s share price was unchanged at RM2.52 on some 227,300 shares done.
Questions & Answers
Q.Which company awarded Cypark Resources Bhd this significant solar plant contract?
Which company awarded Cypark Resources Bhd this significant solar plant contract?
Cypark Resources Bhd accepted the conditional letter of award from Cove Suria Sdn Bhd. This agreement was made on January 26, 2018, for the construction and commissioning of the solar plant.
Q.What is the expected duration for Cypark to complete the construction of the solar plant?
What is the expected duration for Cypark to complete the construction of the solar plant?
The engineering, procurement, construction, and commissioning of the 30MW solar plant is slated for a period of 24 months. Following this, Cypark will be responsible for its operation and maintenance for 21 years.
Q.Where will the new 30MW large-scale solar photovoltaic plant be constructed?
Where will the new 30MW large-scale solar photovoltaic plant be constructed?
The new large-scale solar photovoltaic plant, with a capacity of 30MW, is planned for construction at Empangan Kelinchi. This location is situated within Negeri Sembilan.
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