23 April 2012

Cypark plans Myanmar entry by 2013

(CYPARK opening stock price today (23.4.2012) was RM 1.93)

CyPARK RESOURCES BHD sees Myanmar as a lucrative market with abundant opportunities and hopes to enter the market by 2013, said Daud Ahmad group chief executive officer.

"The importance of Myanmar cannot be underestimated. It has a big population which means big waste, that also means it has a very high shortage of power," he said after the groups annual general meeting here today.

Speaking on Monday after the company's AGM, Daud told The Edge Financial Daily that the group was in the midst of conducting technical studies in the country on how to tackle its waste management issues.

The group are also conducting feasibility studies on a possible solar power plant, as the country has more solar hours compared to Malaysia.

Cypark is due to start generating 10 MW power from another three of its solar farms in Port Dickson, Negeri Sembilan, Johor and Perlis by June this year

Source: www.theedgemalaysia.com


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