PASIR MAS, April 2 -- A total of RM500 million has been allocated for the investment cost of the floating solar energy project in Tasik Danau Tok Uban here.
Kelantan Deputy Menteri Besar Datuk Mohd Amar Nik Abdullah said the project that is integrated with fish farming and tourism has the potential to be the largest solar farm in Southeast Asia.
He said the state government has appointed Kelantan Utilities Mubaarakan Holdings Sdn Bhd (KUM) as the strategic partner to develop the green technology industry in Kelantan.
“The floating solar farm is a project undertaken by Cypark Estuary Solar Sdn Bhd which an associate company of Cypark Resources Bhd with Cove Suria Sdn Bhd as the principal owner of the project, collaborating with KUM.
The floating solar farm consists of 247,830 floating solar panels that can generate 140,000 MWh a year. It can also supply electricity to about 46,480 households and saves about 96,600 tonnes of carbon dioxide a year,” he told reporters after the launch of the floating solar energy project in Tasik Danau Tok Uban today.
Also present were Cypark Resources chairman Tan Sri Razali Ismail and group executive director Datuk Daud Ahmad.
Mohd Amar said a master development plan has been prepared by the state government to ensure the development in the lake area is planned and systematic.
“The development is in line with the Kelantan Sustainable Development Master Plan that is focused on the implementation of the state socioeconomic development agenda in an inclusive manner involving stakeholders that include the state government, private sector and the people,” he said.
Meanwhile, Razali Ismail said the solar farm that is expected to be completed by December this year can be a springboard for the construction of more solar projects in Kelantan at a lower cost of power generation.
By Mikhail Raj Abdullah
KUALA LUMPUR, April 8 -- Malaysia should not be pressured into setting higher targets under its renewable energy (RE) policy.
KUALA LUMPUR, April 8 -- Oil and gas (O&G) companies are expected to increase their capital expenditure (capex) programme in 2021, if crude oil prices stay between US$60 and US$70 per barrel (US$1= RM4.13), according to Moody's Investors Service.
KUALA LUMPUR, April 7 -- Velesto Energy Bhd's wholly-owned subsidiary, Velesto Drilling Sdn Bhd has won a contract for the provision of jack-up drilling rig services for Sarawak Shell Bhd/ Sabah Shell Petroleum Company Ltd.
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