Completion Of The Design, Engineering, Procurement, Construction, Installation, Testing And Commissioning Of The 30 Mwac Solar Plant At Mukim Sik, Kedah For Viva Solar Sdn. Bhd.

Reference is made to the announcement dated 12 December 2018. Unless otherwise defined, the definitions set out in the previous announcement of the Company shall apply herein.

The Board of Directors of CRB is pleased to announce that Cypark Ref Sdn. Bhd. (a wholly-owned subsidiary of CRB) who acts as a Turnkey Contractor and Project Financier, has successfully completed and commissioned a 30 MWac (49MWdc) solar plant at Mukim Sik, Kedah for its client, Viva Solar Sdn. Bhd. The plant achieved full Commercial Operation Date ("COD") status on 1 January 2022 through a notification letter by Suruhanjaya Tenaga ("ST") dated 4 January 2022.

The project is completed ahead of the approved COD date by the client. The plant will be operated and maintained ("O&M") by Cypark Renewable Energy Sdn. Bhd. (a wholly-owned subsidiary of CRB) throughout its 21 years concession period.

The innovative solar turnkey and O&M services with long term financing through Sukuk is the first of its kind in the country and is designed to provide total and complete project implementation services covering a one stop, integrated technical and financial solution to solar large scale project owners.

The Sik solar plant has commercially started its operation and generating renewable energy revenue since 1 January 2022 for a full concession period of 21 years.

The Group expects this to contribute positively to the future earnings and net assets per share.

This announcement is dated 6 January 2022.  

Announcement Info