Cypark wins RM260.5m solar plant job in Negeri Sembilan

-A +A

KUALA LUMPUR (Jan 26): Cypark Resources Bhd has bagged a contract worth RM260.51 million for works related to a large-scale solar photovoltaic (PV) plant in Negeri Sembilan. 

In a Bursa Malaysia filing, Cypark said it has accepted a conditional letter of award from Cove Suria Sdn Bhd which will see Cypark working on the 30MW plant situated in Empangan Kelinchi. 

The first contract is for the engineering, procurement, construction and commissioning of the plant, and will take effect for 24 months, while the second contract is for the operation and maintenance of the plant, which will be effective 21 years from the commercial operation date confirmed by Tenaga Nasional Bhd. 

Cypark shares were trading at RM2.52 in afternoon trading today, valuing the group at RM658.25 million.