KUALA LUMPUR (April 22): DPS Resources Bhd (KL:DPS) is partnering Invest Energy Sdn Bhd to develop solar farms and other infrastructure to support its proposed artificial intelligence (AI) data centre and high-tech industrial park in Alor Gajah, Melaka.

In a bourse filing on Tuesday, the company announced that its wholly-owned subsidiary, DPS Energy Sdn Bhd, has inked a memorandum of understanding (MOU) with Invest Energy Ventures Sdn Bhd, a subsidiary of Invest Energy.

Under the MOU, Invest Energy Ventures will finance and develop solar farms on land owned by DPS Resources. It will also implement independent power utility solutions, centralised district cooling systems and a centralised steam distribution facility on the site.

"These systems will form a centralised utility facility (CUF), providing sustainable power, cooling, and steam services to the AI data centre and adjacent industrial park," DPS Resources said in a separate bourse filing.

The investment terms, profit-sharing arrangements and equity investments will be detailed in a definitive agreement related to DPS Resources' proposed AI data centre and high-tech industrial park project.

Both parties are required to execute a definitive agreement within 60 days of securing a customer for the proposed data center project.

"This partnership with Invest Energy Ventures marks a pivotal step in aligning technological advancement with environmental stewardship," said DPS Resources executive chairman Tan Sri Sow Chin Chuan.

"By powering our AI data centre with solar energy, we are advancing Malaysia’s digital economy and setting a benchmark for sustainable industrial development. This initiative reflects our dedication to ESG principles and long-term value creation for stakeholders,” he added.

Shares of DPS closed unchanged at 39 sen on Tuesday, giving it a market capitalisation of RM103.64 million.