MN Holdings Berhad announced that it has secured a substation engineering contract worth RM23.8 million from Tenaga Nasional Berhad.
The Company’s wholly-owned subsidiary MN Power Transmission Sdn Bhd had today (7 Sept) received the Letter of Award from TNB to establish a new 132 kilovolt (kV) main intake substation (PMU) Bekok switching station in Johor.
Under the substation engineering contract, MN Power will supply, erect, test and commission the 132 kV PMU Bekok switching station including remote end substation work complete with relevant primary, secondary and all associated civil works.
The contract is expected to be completed in 540 days from the commencement date.
As at 30 June, MN Holdings’ order book stands at RM337.67 million. These secured contracts are expected to positively impact the Group’s earnings over the next two to three financial years, barring any unforeseen circumstances.
