MN Holdings Bhd has been awarded a contract worth RM29.3 million by Tenaga Nasional Bhd (TNB) for critical infrastructure expansion at the Tanjung Langsat Industrial Estate transmission substation in Johor.
In a filing with Bursa Malaysia, MN Holdings confirmed that the contract was secured through its wholly owned subsidiary, MN Power Transmission Sdn Bhd (MNPTSB). The scope of work includes the extension of two new 132-kilovolt (kV) transformer bays at the existing 132/33kV transmission main intake (PMU), incorporating air insulated switchgear (AIS) technology. The facility will operate with a configuration of 2x90MVA.
The contract will take effect on 3 July 2025, with a completion schedule of 540 days from the commencement date. MNPTSB is required to provide a performance security valued at RM1.465 million, equivalent to 5% of the total contract sum, within 56 days from the effective date.
MN Holdings anticipates that the contract will have a positive impact on its future earnings and net assets per share once work begins.
-The Star
