Latest news with #MNPowerTransmissionSdnBhd
New Straits Times
04-07-2025
- Business
- New Straits Times
MN Holdings wins RM29mil TNB contract for Johor substation project
KUALA LUMPUR: MN Holdings Bhd's unit, MN Power Transmission Sdn Bhd, has secured a RM29.3 million contract from Tenaga Nasional Bhd (TNB) for a substation expansion project in Johor. In a filing with Bursa Malaysia, the company said it received the letter of award from TNB yesterday for the extension of two new 132-kilovolt transformer bays at the existing main intake substation in the Tanjung Langsat Industrial Estate. The project involves supplying, installing and commissioning the high-voltage transformer units using air-insulated switchgear technology, together with all associated civil works and secondary electrical systems. The contract, which excludes Sales and Service Tax, is scheduled to be completed within 540 days from the commencement date. MN Power Transmission is also required to furnish a performance security of RM1.47 million, equivalent to five per cent of the contract value, within 56 days of the award. Additionally, the company must procure all necessary insurance coverage, including construction all-risks, workmen's compensation, public liability and other relevant policies. "This project award reflects MN's ongoing capability and expertise in delivering power infrastructure solutions," the company said, adding that the contract is expected to contribute positively to the group's future earnings and net assets.
New Straits Times
18-06-2025
- Business
- New Straits Times
MN Holdings unit secures contract worth RM39.53mil for EPCC project
KUALA LUMPUR: MN Holdings Bhd's (MNHB) wholly owned subsidiary MN Power Transmission Sdn Bhd (MNPTSB) has accepted a letter of award (LOA) for a contract worth RM39.53 million. The LOA was awarded by a company that provides information technology services in relation to a project involving engineering, procurement, construction, and commissioning (EPCC) of proposed electrical supply system for a cable landing station (CLS) of a data centre located at the southern region of Malaysia. "The scope of works comprises supply, erect, install, testing and commissioning all substation equipment and associated civil works for the expansion of electrical supply system for the CLS," it said in a filing with Bursa Malaysia today. MNHB said the contract commenced on April 15, 2025 with the long lead equipment (LLE) delivery to be completed tentatively on Sept 30, 2025, followed by the completion of power turn-on Dec 30, 2025. "The LOA will not have any effect on the issued share capital and the shareholding of the substantial shareholders of MNHB. "However, it is expected to contribute positively to the future earnings and net assets per share of the company upon commencement of the project," it added.
