VCI Energy Sdn Bhd, a renewable energy platform managed and controlled by VCI Global Limited (NASDAQ: VCIG). today announced a major strategic expansion into infrastructure-scale energy following the execution of a Memorandum of Understanding (MoU) with DPS Energy Sdn Bhd, a wholly owned subsidiary of DPS Resources Berhad, a public listed company listed on the Main Board of Bursa Malaysia to develop a utility-scale solar photovoltaic platform of up to 250 megawatts on approximately 600 acres of long-tenure land at Lipat Kajang, Bukit Apit II, Mukim Sungai Siput, Malacca, Malaysia.
This initiative marks a significant milestone for VCI Global in collaboration with DPS Resources, a Malaysian-listed engineering and energy company with established capabilities in renewable development and project execution. The project positions VCI Global deeper within the energy layer of the AI and data centre value chain, supporting the accelerating build-out of hyperscale data centres and AI-driven digital infrastructure across Malaysia.
According to this morning’s news release, “The project is being structured as an infrastructure-grade renewable energy platform capable of supporting up to 250 MW of installed solar capacity, with estimated annual generation of approximately 350 to 450 gigawatt-hours (GWh), subject to final design and grid conditions. The platform is intended to support long-term power purchase agreements with utilities, industrial users, and data centre operators, while remaining future-ready for battery energy storage system integration.”
Shares in parent company VCIG handed back five cents to begin Friday at 58 cents.
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