MSIAN PM WITNESSES TWO MOUs ON SENAI HIGH TECHNOLOGY PARK

JOHOR BAHARU (Malaysia), May 22 (Bernama) -- Prime Minister Najib Razak,
who is on a day-long visit to the southern state of Johor, Saturday witnessed
two memoranda of understanding (MoUs) concerning the Senai High Technology Park
(SHTP).
The first MoU was between STX Energy from South Korea and SHTP for the
setting up of a RM1.5 billion (about US$450 million) solar cell module
facilities and solar farms generating 100 megawatts of electricity in the park.
According to a statement issued after the signing here Saturday, the MoU
with SHTP represented the initial step towards achieving this goal.
"The facilities set up at Senai High Tech Park shall also serve its solar
power business expansion in the region beyond Malaysia," it said.
The ceremony to exchange letters of MoU between STX and SHTP was held at the
Senai International Airport's Aeromall and also witnessed by Senai Airport
Terminal Services' chief executive officer Sidik Shaik Othman.
In the statement, STX said "it sees great potential in developing its solar
power business in Malaysia due to its geographical advantages and the strong
support from Malaysian government in promoting renewable energy such as solar
power".
STX Corporation is one of the leading industrial groups in South Korea with
a total revenue of US$21 billion in 2009.
It operates a global business network in more than 70 locations worldwide
and is the 12th largest private business group listed on the Korean Stock
Exchange with total assets of over US$26 billion.
The second MoU witnessed by the Prime Minister involved SHTP and two
Malaysian universities -- Universiti Teknologi Malaysia and Universiti Sains
Malaysia -- for the leasing of land in the technology park.
-- BERNAMA


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