Landfill conversions attract RM1bil in private investments

Cypark Resources Bhd is in talks with the government to further expand its initiative to upgrade, close and convert 32 other non-sanitary landfills across the country into Renewable Energy Park (RE Park).

Its non-independent non-executive chairman, Tan Sri Razali Ismail, said the process would see around RM1 billion of private investments pumped into an initiative that is capable of producing more than 100 Megawatt (Mw) of clean energy.

He said this at the launch of Cypark’s RE Park on 26 hectares of remediated landfill in Pajam, Negeri Sembilan, by Prime Minister Najib Tun Razak today.

There are 49 non-sanitary landfills throughout the country whereby 17 sites the government has asked the company to remediate and close down including Pajam landfills.

The Pajam project has been included as one of the Entry Point Projects under the Economic Transformation Program as announced by the prime minister on March 8.

RE Park involves the integration of three potential resources available at the landfills namely solar, landfill gas (biogas) and waste (biocell) into a scalable RE project capable of generating energy.

For the RE Park in Pajam, Cypark is investing RM94.29 million to build a total of 10 Mw renewable energy with grid connection.

Meanwhile, Cypark group chief executive officer Daud Ahmad said hoped Parliament would pass the Renewable Energy Bill and the Sustainable Energy Development Authority Bill by mid-2011 as scheduled to gain investors’ confidence before they would pump in monies.

“The energy will be fed to the National Grid. Under the legislation, Tenaga Nasional Bhd will buy the energy and the electricity tariff will be spelt out as well,” he said.

– Bernama

Optimization WordPress Plugins & Solutions by W3 EDGE