Pekat Group wins RM31.32mil contract from TNB
In a filing with Bursa Malaysia, Pekat said the contract involves maintenance and repair works of air insulated switchgear (AIS) and gas insulated switchgear (GIS) bearing the EPE brand.
This includes the supply and installation of spare parts for TNB's distribution network division.
Under the contract terms, EPE Switchgear will undertake the works over a two-year period from the effective date of Aug 1, with an optional one-year extension.
TNB will issue specific purchase orders for each service required during the contract period.
As part of the agreement, EPE Switchgear is required to provide a performance security amounting to RM390,000 within 28 days and to procure all necessary insurance coverage before the contract commences.
Pekat said the contract is expected to contribute positively to earnings and net assets for the financial year ending Dec 31, 2025 and throughout the contract duration.
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