MN Holdings executive director Datuk Dang Siong Diang
PETALING JAYA: MN Holdings Bhd
has secured a substation engineering contract worth RM136.2mil in Johor.
In a filing with Bursa Malaysia, the underground utilities and substation engineering firm said its wholly-owned subsidiary MN Power Transmission Sdn Bhd received and accepted a letter of award from a customer that provides data centre services (Customer A).
“The contract scope of work comprises design, supply, installation, maintenance, testing and commissioning for a new 275 kilovolt (kV) consumer landing station (CLS).
MN Holdings said this includes main building works, guardhouse and external works and dismantling and relocating the existing 33/11kV Containerised CLS to the new 33/11kV interim CLS for Customer A, under Package 2.
“The latest contract win is in addition to a previous contract won under Package 1 to perform earthworks, retaining walls and piling works for the same CLS, with a contract sum of RM7.1mil.
“The contract shall commence in July 2024 and target for completion by June 2025.”
Executive director Datuk Dang Siong Diang said with more data centres in the pipeline in Johor and Selangor, the company is prepared to bid for more projects in the data centre category.
“We don’t see a slowdown in power infrastructure projects in the coming years as Malaysia has attracted more than 50 data centres within the last two years, putting it on track to become a new data centre hub in South-East Asia,” he said.
“Inclusive of the latest contract win, in total, MN Holdings has clinched RM291.5mil worth of ongoing data centre contracts that will keep the company busy for the next two years.”
With the latest job win, its outstanding order book increased to a total value of RM568.5mil, which is expected to be progressively completed between 2024 and 2025.
