Cypark Resources Bhd (CYPARK), a waste management and renewable energy company based in Malaysia, has signed a memorandum of agreement (MOA) with Melaka Corp (MCORP) and Jakel Capital to develop energy solutions for the German Technology Park (GTP) in Melaka.
GTP is expected to generate 1,000 MW of solar power over the next decade. Data centers will also occupy part of the park. Part of the solar energy expertise of Cypark will be availed when the sustainable sources of power are needed by the park.
Speaking of the importance of the partnership for the role of Cypark in renewable energy and sustainable development, Datuk Ami Moris, Executive Chair of Cypark, said, “this work will be a model for innovation and sustainability”.
Ownership in the consortium will be dominated by Jakel Capital at 51%. Subsequently, Cypark will take up the management of 29%, while MCORP will take the remaining 20%. The industrial park is estimated to be worth RM4 billion (USD 880 Million). It aims to be an innovation and sustainable development hub in Southeast Asia and attract the most important German technology and manufacturing companies.
The project will have renewable energy sources as well as today’s energy management systems. Solutions for battery storage will keep the power supply stable and economical. The development will be done in consultation with Tenaga Nasional Berhad and Suruhanjaya Tenaga through the Corporate Renewable Energy Supply Scheme (CRESS).
