Cypark Resources Bhd has secured approval from the Sustainable Energy Development Authority (Seda) to expand its waste-to-energy (WTE) plant in Port Dickson.
The approval, granted to its wholly owned subsidiary Cypark Smart Technology Sdn Bhd under the 2026 Feed-in Tariff (FiT) programme, covers a total installed capacity of 44.73MW and a net export capacity of 29.99MW.
The project, under the biomass category, involves the company’s Solid Waste Modular Advanced Recovery and Treatment WTE (SMART WTE) Plant at Ladang Tanah Merah, Port Dickson.
Cypark said the approval marks an important step towards the implementation of Phase 2 of the WTE plant.
The development comes as Malaysia continues to expand its renewable energy capacity under the FiT programme. Economy Minister Akmal Nasrullah Mohd Nasir recently said 42 renewable energy projects had been approved under the latest FiT bidding round, covering biomass, biogas and small hydropower.
The projects are expected to attract RM4.3 billion in investments and add 331MW of combined generation capacity.
Malaysia aims to increase renewable energy’s share of its installed power generation capacity to 70% by 2050.
Cypark shares closed 0.5 sen, or 0.71%, higher at 71 sen on Tuesday, giving the company a market value of RM584.21 million.
