KUALA LUMPUR: DPS Assets Bhd (DRB), by way of its wholly-owned subsidiary DPS Vitality Sdn Bhd (DESB), signed a three way partnership settlement (JVA) with Mutiara Mahajuta Sdn Bhd (MMSB) to develop a 170-acre land in Mukim of Sungai Siput, Daerah Alor Gajah, Melaka.
The collaboration will spearhead agro-tourism, crops, bio-farming, renewable vitality, photo voltaic farms, and aquaponics tasks.
DRB govt chairman Tan Sri (Dr) Sow Chin Chuan mentioned the collaboration with MMSB is a strategic transfer to leverage DRB’s experience in inexperienced vitality and engineering companies.
“This venture aligns with our sustainable progress technique and contributes to Malaysia’s renewable vitality targets.
“We’re dedicated to driving innovation in agro-tourism and renewable vitality, making certain long-term advantages for our stakeholders and the group,“ he mentioned in a press release.
DESB specialises within the building and set up of photo voltaic farms, photo voltaic photovoltaic methods, synthetic intelligence (AI) knowledge centres, battery vitality storage methods, gasoline turbine and energy vegetation, and different inexperienced vitality and engineering work companies, which is spearheaded by DRB govt director Eugene Sow Chuan Sheng.
MMSB has secured collaborative agreements with particular person landowners to develop the land in three phases over an preliminary tenure of thirty years, with an possibility for a fifteen-year extension.
The primary section of this venture will deal with growing agro-tourism sights, cultivating crops, and establishing bio-farms and aquaponics methods.
The second section will deal with renewable vitality, primarily by way of the event of a photo voltaic farm.
MMSB will undertake combined improvement tasks within the third section, together with residential, business, and industrial elements.
The venture period is ready between 21 to 25 years, with DESB holding the primary proper of refusal for additional photo voltaic farm improvement or mixed-use tasks. The profit-sharing construction allocates 35% of web income to Mutiara and 65% to DPSE.
Strategically positioned, the land gives accessibility inside 20 minutes to the Simpang Ampat Freeway to Kuala Lumpur and 15 to twenty minutes to key areas, together with Alor Gajah, Taman Cheng, and Malacca City.
This advantageous location, mixed with the venture’s inexperienced atmosphere and daylight publicity, makes it very best for photo voltaic vitality manufacturing.
It additional ensures the venture’s long-term profitability and contribution to the Group’s monetary stability.
The three way partnership underscores DRB’s dedication to sustainable improvement and aligns with nationwide objectives for renewable vitality and environmental, social, and governance (ESG) requirements.
The Malaysian renewable vitality market is projected to develop considerably, from 9.68 gigawatts in 2023 to 12.04 gigawatts by 2028, pushed by elevated investments and a nationwide shift in the direction of renewable vitality.
This venture may even create work and entrepreneurship alternatives, contribute to nationwide meals safety, and cut back DRB’s carbon footprint, aligning with ESG views.