KUALA LUMPUR (Dec 8): Cypark Resources Bhd said its indirect subsidiaries have been awarded feed-in approval certificates from the government to carry out biogas projects with a total capacity of 2.7 MW in Johor and Terengganu. The feed-in approval certificates were awarded by Sustainable Energy Development Authority (Seda) for a period of 21 years, Cypark said. Tenaga Nasional Bhd will purchase electricity from the project companies at pre-agreed feed-in tariff rates, it added. The first biogas project comprises a 1.2 MW installed capacity biogas plant in Layang-Layang, Johor, which was awarded to Cypark's 51% indirectly owned Reviva BACRE (Ulu Remis) Sdn Bhd. The second is a 1.5 MW plant in Kemaman, Terengganu awarded to BACRE Reviva Biogas (Kemaman) Sdn Bhd, which is 80%-owned by BACRE Reviva Biogas Holdings Sdn Bhd, which in turn is an indirect 51% subsidiary of Cypark.

Source: The Edge Markets December 09, 2022 10:12 UTC