PETALING JAYA: Jati Tinggi Group Bhd
has secured a RM2.9mil contract from Tenaga Nasional Bhd (TNB) through an unincorporated joint venture (JV) for a Community Energy Storage System or Cess project under the Pulau Tenaga Hijau Distribution Network.
In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary, Jati Tinggi Holding Sdn Bhd (JTHSB), had received the letter of acceptance from TNB together with Reactive Energy Sdn Bhd (RESB). Under the JV arrangement, JTHSB will hold a 55% stake, while RESB will hold the remaining 45%.
This marks the company’s strategic entry into the battery energy storage system sector. The project is expected to be completed within 18 months.
