How much do you want to bet this will fail?

Landfill-based company to sell energy to TNB

By Lee Wei Lian

March 20, 2012

The Pajam solar park near Nilai. — Picture by Jack Ooi

NILAI, March 20 — Renewable energy company Cypark said today that it will start selling electricity from its solar farm on the site of a former landfill near here on March 28.
Cypark also plans to start another five renewable energy projects in Negeri Sembilan in addition to its current project in Pajam just outside Nilai.
Daud Ahmad, CEO of Cypark, said that TNB has a 21-year contract to absorb all the output from the Pajam solar farm starting at 95 sen per kilowatt (pKW).
The Pajam facility will later sell biogas energy at 42 sen pKW under rates set by the Renewable Energy Act.
The Pajam solar park is capable of producing 11,712 MW annually with expected annual sales of over RM11 million.

Cypark said that following the completion of solar power plants in Johor, Perlis, Malacca and Negeri Sembilan, it expects an annual turnover of RM45 million from 2013. — Picture by Jack Ooi

Daud said that his company has chosen to operate out of former landfill sites as the land is put to better use.
“All our solar and biogas plants will be on landfills,” said Daud at a press conference here. “We will not use land that has competing uses. We will use degraded land.”
The Pajam solar farm sits on a now closed landfill site that was expected to be unproductive for 20 years.
The other landfill sites in Negeri Sembilan that will be closed include Bukit Palong, Kuala Sawah and Kuala Pilah.
A new 200-acre solid waste disposal plant in Ladang Tanah Merah will open by August and operated by Cypark, it will produce 15 MW of energy from solar and biogas as well as additional electricity from waste-to-energy technology.
Daud said that Cypark is funded by private investors and bank loans and expects to spend another RM250 million on developing its renewable energy plants.
He said the total expenditure for phase one of the Pajam facility was RM95 million and phase two would cost about RM55-60 million.
When asked if TNB would be able to absorb the collective output from all of the plants, Daud said that any renewable energy park would have to be approved by TNB first before commencing operations.
Cypark said in a statement that following the completion of solar power plants in Johor, Perlis, Malacca and Negeri Sembilan, it expects to have 33MW of total solar capacity and an annual turnover of RM45 million from 2013.

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When gomen is involve you can bet your last ringgit this company will be begging for alms by December 2012.  
There is no long term planning and what to expect......................
Gomen must stop dreaming of big easy cash.