Latest news with #MNPTSB
The Star
04-07-2025
- Business
- The Star
MN Holdings wins RM29.3mil TNB power project in Johor
KUALA LUMPUR: MN Holdings Bhd has secured a RM29.3mil contract from Tenaga Nasional Bhd (TNB) for extension works at the Tanjung Langsat Industrial Estate transmission substation in Johor. In a filing with Bursa Malaysia, MN said the contract was awarded to its wholly owned subsidiary, MN Power Transmission Sdn Bhd (MNPTSB). The contract involves the extension of two new 132-kilovolt (kV) transformer bays at the existing 132/33kV transmission main intake (PMU) at Tanjung Langsat Industrial Estate (2x90MVA), using air insulated switchgear (AIS). MN said the contract is effective from July 3, 2025, with a completion period of 540 days from the commencement date. MNPTSB is required to furnish a performance security of RM1.465mil, representing 5% of the contract value, within 56 days from July 3. MN expects the contract to contribute positively to its future earnings and net assets per share upon commencement.
New Straits Times
23-04-2025
- Business
- New Straits Times
MN Holdings secures RM29.7 mil solar project in Kedah
KUALA LUMPUR: MN Holdings Bhd's unit, MN Power Transmission Sdn Bhd (MNPTSB), has secured two contracts worth RM29.7 million from Fabulous Sunview Sdn Bhd (FSSB), a wholly owned subsidiary of Sunview Group Bhd. In a Bursa Malaysia statement today, MN Holdings said MNPTSB has been appointed as the interconnection facilities (IF) contractor for two 29.99 Megawatt alternating current (MWac) solar power plant projects in Sungai Petani, Kedah. "The scope includes the establishment of a new IF and the extension of two 132 kilovolt (kV) bays at the existing main intake substation Aman Jaya. "The contracts will commence upon issuance of the notice to proceed from FSSB, with a targeted completion period of 10 months," it said. MN Holdings executive director Datuk Dang Siong Diang said the projects reinforce the group's strong support for Malaysia's green energy agenda. "By delivering essential interconnection works, we are enabling the integration of large-scale solar energy into the national grid, contributing to a more sustainable and resilient power ecosystem," he said.
