Pestech wins RM21mil smart meter contract from TNB

KUALA LUMPUR: Pestech International Bhd’s wholly-owned subsidiary Pestech Sdn Bhd has secured a contract from Tenaga Nasional Bhd (TNB) to supply and deliver 79,800 units of single-phase radio frequency smart meters and 19,950 units of three-phase radio frequency smart meters.

In a filing with Bursa Malaysia, Pestech said the contract is worth RM21.2mil will be valid for a duration of two years.

From 2019 up to to-date, the Pestech group had secured RM139.8mil worth of orders for smart meters from TNB, which inclusive of the latest contract, interim orders and variation orders, was for a total of 643,455 units of smart meters.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Pestech , Tenaga Nasional , TNB ,


Next In Business News

Hurdles ahead in JPMorgan’s bid to form private credit syndicate
Regulators look into Microsoft’s OpenAI stake
India holds rates amid buoyant growth
CPO futures to trade on upside bias next week on expectation of weaker output
Oil gains over 2% but posts seventh weekly decline
In China’s slowing beauty market, big-brand discounts won’t cut it
YTL Power and Nvidia in AI collaboration
Westports inks deal with govt to expand terminals
Succession planning and moving in the right direction
Bank Pembangunan has plenty of potential

Others Also Read