KUALA LUMPUR: UUE Holdings Bhd
’s wholly-owned subsidiary, Kum Fatt Engineering Sdn Bhd, has accepted a RM26.69mil contract from Sutera Utama Sdn Bhd for underground cable installation works related to Tenaga Nasional Bhd’s (TNB) asset development project.
In a filing with Bursa Malaysia, UUE said the contract involves the installation, testing, and commissioning of 11kV aluminium XLPE underground cables and accessories for all zones under TNB’s Distribution Network Division – Mainhead A (East).
The contract will begin upon the issuance of a notice to start work and will run for 730 days, with an option to extend for another 365 days based on satisfactory performance.
UUE said the contract is expected to contribute positively to its earnings and net assets over the duration of the contract.
