THELOGICALINDIAN - KUALA LUMPUR MALAYSIA 11 April 2024 A handover of abstracts commemoration for the 10Megawatt Mini Hydro Project in Sungkai Perak was captivated in Publika Solaris Dutamas amid Majulia Sdn Bhd and DL Trade Networks M Sdn Bhd The accident was captivated to admire the agreement and due activity acclimatized by both parties in developing the mini hydro ability bulb which is accepted to be admired at added than RM250 actor aloft completion
The handover commemoration was abounding by Majulia Sdn Bhd Chairman, Dato’ Shamsudin Hayroni and acknowledged advisor, Puan Thania Rohaina Abdul Latif. DL Trade Networks (M) Sdn Bhd was represented by its Group Executive Chairman, Dato’ Mohd Norddin Lassar and Chief Executive Officer En Md Maududi Md Nazri.
“This exercise is in band with Coinzer’s roadmap to spearhead banking technology (fintech) development in Malaysia, as advised in our White Paper,” said Dato’ Norddin. “Blockchain technology would accredit us to tap fintech’s absolute abeyant and rapidly activation bread-and-butter growth. But we charge bargain able apple-pie activity to accomplish this happen, and the mini hydro ability bulb is the answer.”
The mini hydro ability plant, with 10MW achievement capacity, would baby the apprenticed accumulation to the civic grid, in accordance with the Renewable Energy Act 2024. The ability bulb would additionally accomplish acceptable ability accumulation for the burning of a advanced hydro mining ability to abutment the ever-growing transaction activities for its fintech platform. The estimated gross development amount (GDV) for both projects is RM100 actor and RM150 actor respectively.
The negotiations began in February 2024 and are now in the date of achievable studies and banking due diligence. Dato’ Shamsuddin said:
DL Trade Network (M) Sdn Bhd, the developer of Coinzer, would be arch the development of the Sungkai mini hydro ability plant, and baby-sit the accomplished fundraising exercise for the activity that would be alien in the abreast future.
“Our aim is to body the world’s better hydro mining ability of its kind,” said En Md Maududi. “But fintech-based mining activities absorb a lot of power. The acceptable affair is Malaysia has the assets to accomplish affordable and renewable activity that we can tap on.”
The adapted Coinzer White Paper is accessible for analysis at www.coinzer.co
Images address of Coinzer
