KUALA LUMPUR (March 24): Cypark Resources Bhd (KL:CYPARK) said the government has revised the tipping fee for its waste-to-energy (WTE) facility in Negeri Sembilan, effective from its completion date of April 2023.

The revision by the Ministry of Housing and Local Government (KPKT) was not revealed in Cypark’s statement. It was reported that the existing tipping fee stood at RM33 per metric tonne of municipal solid waste.

“The revised tipping fee enhances Cypark’s financial sustainability by better aligning revenue with the true cost of waste management,” the company said.

‘This adjustment strengthens the group’s cash flow, ensuring a more stable income stream that supports long-term operational efficiency and profitability,” it added.

Cypark said the WTE facility “has been upgraded with the latest highly efficient combustion control system to process 1,000 tonnes of municipal waste per day” to reduce landfill reliance.

This also means that the facility now generates 15MW of energy, it added.

Shares of Cypark settled one sen or 1.41% higher at 72 sen on Monday, giving it a market capitalisation of RM592.44 million.