DPS Resources Bhd’s subsidiary, DPS Energy Sdn Bhd (DPSE), has teamed up with Mutiara Mahajuta Sdn Bhd to develop a 170-acre site in Alor Gajah, Melaka. This joint venture, announced in a filing with Bursa Malaysia, aims to pioneer projects integrating agro-tourism, renewable energy, and sustainable farming practices.
The collaboration with Mutiara Mahajuta spans multiple phases over an initial thirty-year period, with potential for extension. The first phase will emphasise agro-tourism attractions, crop cultivation, and bio-farming techniques like aquaponics. Subsequently, the focus will shift to renewable energy, particularly the establishment of a solar farm during the second phase.
Mutiara Mahajuta, having secured agreements with landowners, plans a mixed-use development for the third phase, encompassing residential, commercial, and industrial components. DPSE holds priority rights for further solar farm expansions or mixed-use projects, reflecting its commitment to sustainable growth and renewable energy advancements.
“We see this partnership as a strategic opportunity to harness our expertise in green energy and engineering,” remarked Tan Sri Sow Chin Chuan, DPS’s executive chairman, underscoring the alignment with Malaysia’s renewable energy goals. The profit-sharing arrangement allocates 65% of net profits to DPSE and 35% to Mutiara Mahajuta, emphasising mutual benefit and long-term sustainability.
This initiative underscores DPS’s dedication to driving innovation in agro-tourism and renewable energy sectors, ensuring sustainable benefits for stakeholders and the local community.
