Cypark Resources Berhad is a Malaysia-based company engaged in the provision of environmental technology and engineering solutions to both the private and public sectors. Its services include transforming neglected, degraded or contaminated land into sustainable and manageable fields. Its projects include the restoration of a disused mining land in Cyberpark, Cyberjaya, and the Taman Beringin Safe Landfill Restoration project in Kuala Lumpur. It has three segments: landscaping, which is engaged in the provision of landscape services for public parks, public amenities and other landscaping developments; maintenance, which is engaged in the provision of maintenance services for public parks, public amenities and other landscape developments, and environmental, which is engaged in the provision of nature conservation and environmental amelioration. In September 2011, it acquired Cypark Suria (Sua Betong) Sdn. Bhd., Cypark Suria (Kuala Sawah) Sdn. Bhd. and Cypark Suria (Bukit Palong) Sdn.
SupermanGuys....frankly speaking...i dont think 1MDB has the capacity to build a 50MW solar farm on their own...i doubt they cant even get a 5MW solar farm up by themselves....they will likely subcontract it out to someone..or even co-develop with some one...just need to guess who that some one is?
my believe is....no doubt the main con will be Cypark :D
if not please state who else in MALAYSIA can do it with that scale~~unless they go get a foreign firm to do it....then 1MDB really become satu malaysia my...... which i hope they are not that stupid~~
fortunebullzSuperman! You are right! Only Cypark has the expertise to develop solar farm! Do you know solar farm alone can generate enough energy for entire Malaysia on 1,000 hectares farm! Oil giants no longer has the money to bribe alternative energy providers that's why solar becoming quite affordable nowadays! By 2017, Malaysia has to depend on other source of energy and solar is no brainer! Cypark will be Malaysia biggest energy company in years to come!
sephirohnI think that when the 50mw news come out. 1mdb have build any solar farm before? Maybe no, im not sure. First time they build they want to build 50mw? Maybe without any experience. But if they subcontract to other company, like cypark. Which segment of profit cypark will get? Maybe only the engineering? The power purchase from tenaga I think cypark cannot get it. If cypark get the power purchase, why dont this project just let cypark award?
sephirohnIf not sure solar farm profit is almost come from power purchase right? The engineering profit is not much
Supermansephirohn...for your info....1mdb has not build any solar farm before...and if u ever did read Cypark's segmental report....it is easy to identify that it will be under their "Environmental Engineering" segment and there is also a "Sales of Renewable Energy" segment which shows the revenue from the power purchase~~
sephirohnI mean so if 1mdb subcontract to cypark. Cypark will only get the engineering profit. The power purchase profit 1mdb will get it. My opinion cypark would not get the power purchase from the 1mdb solar farm.but if subcontract to cypark, get the enginnering profit is better than no. Solar farm engineering profit is high? This only my opinion..
SupermanWell for a 50MW power plant....i believe the construction cost ALONE will not less that 500million (1MDB people said 1B for the project anyway)...and please guess what will happen if that 500million contract goes to Cypark~~
Cypark now yearly revenue is 200+mil only~~suddenly 500 million contract come on top of the existing projects :D
RM5.00 anyone?? :p
but the point is....government do things very slow lah~~they say now...maybe next year only award....
firestar23Tan Sri Chua Ma Yu's son, Chua Sai Men, has emerged as a substantial shareholder of Cypark Resources Bhd, an environmental engineering and renewable energy outfit.
A filing with Bursa Malaysia yesterday showed that Sai Men, 27, had on the same day acquired 9.21m shares in Cypark in the open market, equivalent to a 5.1% equity interest in the company that has 180.6m issued shares.