PRESS RELEASE
FOR IMMEDIATE RELEASE
Cypark Resources Berhad Expects New Revenue Stream With The
Launch Of Country’s First Integrated Renewable Energy Park
NILAI, SEREMBAN, MALAYSIA, 17 MARCH 2011 — CYPARK RESOURCES BERHAD (“Cypark”
or the “Company”), launched its Integrated Renewable Energy Park (“RE Park”) in Pajam, Nilai today.
The launch was officiated by Prime Minister, Datuk Seri Najib Tun Razak. The RE Park project which
is built on a closed and remediated landfill site in Pajam, Negeri Sembilan has been included as one
of the Entry Point Projects (“EPP”s) of the Economic Transformation Programme (“ETP”). The
remediation and closure work of the Pajam landfill, together with 16 other landfills are currently carried
out by Cypark.
YBhg Tan Sri Razali bin Ismail, Non-Independent Non Executive Chairman and Founder of Cypark,
said, “Cypark is passionate about making the environment cleaner and more sustainable, and we are
honoured to be the first to set up a RE Park in Malaysia. With the setting up of this RE Park, we are
contributing towards the government’s effort to develop sustainable energy, and this is in line with
Cypark’s goal of moving forward towards a more sustainable environment for the nation as a whole.”
The proposed sustainable economic transformation of non-sanitary landfills into RE Park is in line with
the Government’s Economic Transformation Programme (under Oil & Gas and Energy: EPP 10) and
shall be carried out through the private investment initiative of Cypark.
Cypark is primarily an environmental technology and engineering specialist. The RE Park technology
has been developed in house. The company has the technical know-how and technology to assess,
remediate, manage and transform contaminated sites into sustainable, beautiful and manageable
fields, for a better and safer living environment. Some of the major environmental transformation
projects it has completed include the restoration of a disused mining land in Cyperpark, Cyberjaya
and the Taman Beringin Landfill Restoration project in Kuala Lumpur. Cypark recently listed on the
Main Market of Bursa Malaysia Securities Berhad on 15 October 2010 with the stock name of
“Cypark” and stock code of “5184”.
- MORE -
11-Mar08-Cypark-RE Park Launch-Press Release-draft1
“On the international front, similar RE parks had been developed on landfills. Countries such as
Germany, the United States of America and Korea have already been putting this in place for more
than 15 years. Now, Cypark is excited to be playing a key role of bringing this proven technology as
well as investment to Malaysia, to realise the Government’s RE push. Cypark is in the unique position
to bring forth a successful economic transformation to these remediated landfill areas, by creating RE
parks. The people of Malaysia stand to benefit most from the setting up of the RE Park. With the
implementation and launch of this park, a much cleaner and healthier environment is created for the
general public apart from generating employment opportunities”, Tan Sri Razali added.
Also present at the launch was Prime Minister, Dato’ Seri Najib Tun Razak; Menteri Besar of Negeri
Sembilan, Dato’ Seri Utama Haji Mohamad Bin Haji Hasan;; Minister of Energy, Water and
Communications Technology Malaysia (KeTTHA), Datuk Sri Peter Chin Kah Fui; Deputy Minister of
Housing and Local Government, Y.B. Datuk Seri Panglima Haji Lajim bin Haji Ukin; and Cypark’s
Group Chief Executive Officer En. Daud Ahmad.
In his speech, YAB Datuk Seri Najib said, “Cypark’s innovation in developing the Integrated
Renewable Energy Park will open up green technology job opportunities, many of which will be in the
high income and middle income bracket. We estimate that this Pajam initiative alone will create more
than 100 jobs during its development phase, and another 20+ jobs during the operational stage.
Beyond such direct job creation, this initiative will further intensify Research and Development in the
green technology space, and consequently create knowledge workers and technologists.”
He further added, “As one of the Entry Point Projects under the ETP, this Project will achieve green
energy generation from landfill sources, and feed into the National Grid via energy sale to Tenaga
Nasional Berhad. The generation of energy from solar and biogas from a landfill site as demonstrated
by this project today will enhance our country’s goal toward energy independence and energy
security.”
Cypark plans to invest RM94.29 million to build a 10Mw (Megawatt) renewable energy plant with grid
connection, at the RE Park in Pajam. The project is expected to generate Gross National Income
(“GNI”) of RM12.16 million each year for the next 21 years, with the sum total amounting to RM255.36
million.
The RE Park involves the integration of three potential resources available at the landfills i.e. Solar,
Landfill gas (Biogas), and Waste (Biocell) into a large scale renewable energy project. The RE Park
will unlock the economic potential of landfill sites. Through a sustainable program outlined by Cypark,
11-Mar08-Cypark-RE Park Launch-Press Release-draft1
the economic opportunities of unsanitary landfills, otherwise locked and lost for at least 15-20 years,
will be realised in the near future.
Cypark plans to replicate the Pajam RE Park initiative in16 other landfills that Cypark is currently
closing all over the Country, of which 4 are in Negeri Sembilan. The Company is also in talks with the
Government to further expand this initiative to upgrade, close and convert into RE Parks 32 additional
non sanitary landfills across the country, and in the process bring investment of around RM1Billion of
Private Investments into this initiative, capable of producing more than 100Mw of clean energy.
Once the Pajam RE Park is fully operational with 10 Mw clean power connected to TNB grid based on
the new Feed-In-Tariff which is expected to be approved by the government soon, Cypark anticipates
its revenue and profit to grow significantly from its new renewable energy business. With proposal to
replicate the RE Park over to other 48 landfills across the country and generate 100Mw, Cypark
foresees major growth in its revenue and profit in years to come.
***
About Cypark Resources Berhad (http://www.crbenv.com)
Cypark Resources Berhad (“Cypark” or the “Company”) listed on the Main Market of Bursa Malaysia Securities
Berhad on 15 October 2010 with the stock name of “Cypark”, and stock code of “5184”.
Cypark is primarily an environmental technology and engineering specialist that has a successful track record
both locally as well as internationally. The Company’s current major projects are located throughout Peninsular
Malaysia including Negeri Sembilan, Johor, Terengganu, Pahang, Perlis, and Putrajaya.
Its services include transforming neglected, ‘degraded’ or contaminated land into sustainable, beautiful and
manageable fields, for a better and safer living environment. The Company provides environmental solutions
focusing on the area of contaminated land through internally developed technology named COLARIS, landfill
restoration, ground water assessment, remediation, and information system, (“GARIS”), environmental
monitoring and management, and wastewater treatment.
Some of the major environmental transformation projects it has completed include the restoration of a disused
mining land in Cyberpark, Cyberjaya and restoration of the Taman Beringin Landfill Restoration project in Kuala
Lumpur.
For more information, please log on to http://www.crbenv.com.
Issued by : Esente Communications Sdn Bhd on behalf of Cypark Resources Berhad
Date
: 17 March 2011
For more information, please contact:
Kelly Thean
Tel:
+6 03 6201 5110/ +6 012 255 0049
Email:
kelly@esente.com.my