MN Holdings Berhad has bagged a contract worth RM26.9 million for the engineering, procurement, construction, and commissioning of interconnection facility for a large-scale solar photovoltaic (“LSSPV”) plant and 132kV substation in Chuping, Perlis.
The Company’s wholly-owned subsidiary MN Power Transmission Sdn Bhd in a joint venture with Savelite Engineering Sdn Bhd, received and accepted a letter of award from main contractor Atlantic Blue Sdn Bhd for their appointment as the sub-contractor for the 50 MWAC LSSPV plant.
Under the contract, MN Power and Savelite Engineering will be responsible for the design, manufacture, supply, delivery, installation, testing, and commissioning of the interconnection facility for the LSSPV plant and substation.
Savelite Engineering is principally involved in the provision of mechanical and electrical engineering services.
Atlantic Blue is a wholly-owned subsidiary of Solarvest Holdings Berhad. It is specialised in turnkey EPCC solutions for projects involving residential, commercial, and industrial properties as well as LSSPV plants.
The EPCC contract will commence immediately and be completed on 30 September 2023.
Inclusive of the latest contract, MNHB has successfully increased its order book to approximately RM258.0 million. The contract is expected to contribute positively to the revenue and earnings of the Company
