MN Holdings bags RM67mil TNB contract


PETALING JAYA: MN Holdings Bhd’s wholly-owned subsidiary, MN Utilities Engineering Sdn Bhd, together with Pembinaan Tajri Sdn Bhd, has secured a contract from Tenaga Nasional Bhd (TNB) to install a new 275 kilovolts (kV) underground cable system worth RM67.32mil.

In a filing with Bursa Malaysia, MN Holdings said the system will link the loop-in-loop-out (LILO) point to Intel Electronic Malaysia’s switching station, supporting the bulk power supply to Intel’s Penang operations.

“The scope of works including engineering, design, supply and erection works for the new 275kV reconfiguration underground cable works from LILO point to Intel Electronic Malaysia switching station, and all associated civil works including obtaining permits from all related stakeholders, reinstatement and restoration of surfaces and existing structures and cleaning of work areas.”

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MN Holdings , TNB , infrastructure , engineering

Next In Business News

QES proposes RM17.5mil acquisition of two Singapore office units
FBM KLCI ends nearly flat after range-bound trade
MIDA: East Coast poised to become food security hub, green economy leader
Malaysia needs 9 GW of new gas power to manage rising electricity demand, minister says
Gold ticks up with US inflation data on radar
Asia stocks fall as yen surges, Iran warns US of retaliation
Fitch Downgrades Genting Malaysia to 'BBB- '
Maybank launches Savings+ money market investment feature on MAE
Data centres account for 9.28% of total electricity consumption
Pioneer Heat’s IPO oversubscribed 47.80 times

Others Also Read