"We are proposing various renewable and green technology projects in Malaysia,” he said, noting that the Energy Commission has opened up new opportunities in the renewable energy space, especially in large-scale solar power projects. In some parts of the world, solar energy would cost less than coal," he added. "For higher capacity of the solar plant, the cost to build it in one megawatt terms could be less than RM6 million," he added. For FY17, Cypark expects income to grow between 10% and 20%, driven by its three divisions — environmental engineering, green techology and renewable energy — which contributed 86% to its revenue in FY16. On gearing, Daud said Cypark is prudent to ensure that its debt burden would not exceed 50%.

Source: The Edge Markets April 11, 2017 13:52 UTC