EITA Resources Bhd announced that TransSystem Continental Sdn Bhd (TSC), a 60%-owned subsidiary of EITA, has bagged a contract from Tenaga Nasional Berhad for project of rehabilitation of Main Inlet Substation (PMU) 132/11kV Gurun (Rehab), Kedah worth a total of around RM56.3 million.
In a Bursa listing today (Dec 4), the supplier to electrical contractors, switchboard fabricators, system integrator and OEM said it had received a Letter of Acceptance dated Nov 30 on Dec 1.
TSC’s scope of works for the contract includes supply, erect, test and commissioning of a new 132kV conventional outdoor transmission substation to replace the existing old station. Other works include the civil, transmission lines and remote ends relay retrofits.
The contract shall be effective from 30 November 2023 and the time for completion shall be 730 days from the commencement date.
“The contract will not have any material effect on the net assets and gearing for the financial year ending 30 September 2024 and is expected to contribute positively to the earnings of EITA Group over the duration of the Contract,” it said.
