KUALA LUMPUR: MN Holdings Bhd
’s wholly owned subsidiary, MN Utilities Engineering Sdn Bhd, has accepted four letters of appointment (LOAs) with a total contract value of RM122.7mil for the supply and installation of substation equipment for data centre projects in central and southern Peninsular Malaysia.
In a statement, the infrastructure utilities construction and engineering solutions specialist said the LOAs were awarded by a US-headquartered, industry-leading consultant in the planning, design and construction of information technology facilities.
The customer’s identity was not disclosed due to confidentiality obligations under a non-disclosure agreement.
Under the contracts, MNUE will undertake the supply, delivery, installation, and commissioning of power transformers, together with other related equipment and systems, for multiple data centre facilities.
The projects are scheduled to commence in January 2026, with completion expected by June 2027.
Managing director Datuk Clement Toh said These contracts reflect continued demand for reliable and high-capacity power infrastructure to support data centre developments.
“The awards further strengthen our order book and reinforce MN Holdings’ position in the data centre segment, where power reliability and execution capability are critical.
“With our experience in substation engineering and power systems, we are well-positioned to support the growing requirements of data centre operators across Malaysia. We remain focused on disciplined execution while delivering quality and timely outcomes for our clients.”
With the latest contract, MN Holdings’ order book stands at approximately RM918.1mil, underpinning earnings visibility over the project period.
“The contracts are expected to contribute positively to the group’s future earnings upon commencement of the projects.”
