KUALA LUMPUR: MN Holdings Bhd
- via its subsidiaries MN Power Transmission Sdn Bhd and Mutu Nusantara Sdn Bhd - has secured a RM137.8mil contract from Tenaga Nasional for the installation of a new transmission main intake (PMU) 275 kilovolt (kV) Kenyir Switching Station Gas Insulated Substation (GIS) in Terengganu.
In a statement, the group said the contract, its largest-ever from Tenaga Nasional, will entail the supply, istallation and commissioning of the PMU, complete with
relevant primary, secondary and all associated civil works.
The project is expected to take 730 days with expected completion in March 2027.
Executive director Datuk Dang Siong Diang said the group sees strong prospects for grid and infrastructure upgrades given Peninsular Malaysia's power reserve margin projection of 28% to 36%, and 29% growth in electricity demand.
"Combined with initiatives such as the Large Scale Solar (LSS) programme, the New Enhanced Dispatch Arrangement (NEDA), and the Green Electricity Tariff (GET) 2025—offering up to 6,600GWh of renewable energy for subscription—these developments present clear
opportunities for MN Holdings to support Malaysia’s accelerating shift towards a low-carbon and sustainable energy future," he said.
He added that the latest contract brings MN Holdings' order book to RM977.8mil.
