DPS Resources Bhd, a Main Market listed property developer and furniture manufacturer, has sealed a strategic partnership with Invest Energy Ventures Sdn Bhd (IEVSB) to develop green energy solar farms and sustainable infrastructure for its proposed AI data centre and high-tech industrial park in Alor Gajah, Melaka.
Through its wholly-owned subsidiary DPS Energy Sdn Bhd, DPS has signed a memorandum of understanding (MOU) with IEVSB which is a subsidiary of Invest Energy Sdn Bhd to finance, develop and implement cutting-edge green energy solutions.
Key components of the project include:
- Independent Power Utility (IPU) systems for decentralised energy generation;
- Centralised District Cooling (CDC) solutions to optimise energy efficiency;
- Centralised steam distribution systems to support industrial operations.
These systems will form a Centralised Utility Facility (CUF) which provides sustainable power, cooling and steam services to the AI Data Centre and adjacent industrial park.
The collaboration itself underscores DPS’s commitment to integrating renewable energy (RE) into high-tech infrastructure while supporting Malaysia’s goal of achieving 12.04 gigawatts of RE capacity by 2028.
Under the MOU, IEVSB will finance and develop solar farms on DPS Energy-owned lands, thus establishing a robust green energy framework to meet the AI data centre’s operational demands.
The project is poised to drive economic growth in Melaka by creating jobs and attracting technology-driven investments.
“By powering our AI data centre with solar energy, we’re advancing Malaysia’s digital economy and setting a benchmark for sustainable industrial development,” commented DPS’ executive chairman Tan Sri Sow Chin Chuan.
“This initiative reflects our dedication to ESG (environmental, social and governance) principles and long-term value creation for stakeholders.”
Added Sow: “The AI data centre and industrial park aim to position Melaka as a hub for innovation and energy efficiency, aligning with national efforts to transition toward a low-carbon economy.
“In this regard, DPS will continue engaging potential operators and off-takers to ensure the project delivers world-class, sustainable infrastructure.”
At the close of today’s (April 22) trading, DPS was unchanged at 39 sen with 405,600 shares traded, thus valuing the company at RM104 mil. – April 22, 2025
