Renewable energy to drive Cypark
Stephanie Jacob | 04 Jan 2019 00:30
The Pakatan Harapan government’s push to increase the usage of renewable energy presents opportunities for companies such as Cypark Resources Bhd (Cypark) which has been building its capabilities in this area since 2011. And the company plans to make its presence felt as a significant player in this space.

“Cypark has positioned itself since 2011 to be the market leader in Malaysia’s renewable energy scene, both in terms of electricity generation as well as (being) cost competitive.

“We believe that with our strong track record and cost leadership, we are in an advantageous position to support and meet the Malaysian government’s renewable energy target,” group CEO Datuk Daud Ahmad tells FocusM.

In particular, he highlights the fact that in the recent government Large Scale Solar (LSS2) project tender, Cypark won because its bid was up to 10% less than the average bid price, making the company the most cost competitive bidder.

In mid-December 2018, the company bagged two contracts worth a combined RM450 mil to build two solar photovoltaic energy generating facilities in Sik, Kedah, and Empangan Terip, Negeri Sembilan.

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Allianz announces financial results for Q1 2019

with a total RM1.21 billion recorded in the Group’s Gross Written Premiums (GWP) from January to March this year.