MN Holdings Bags RM26mil EPCC Contract in Kulim
MN Holdings Bhd via its wholly-owned subsidiary MN Power Transmission Sdn Bhd has secured a contract from Samaiden Sdn Bhd for the engineering, procurement, construction and commissioning (EPCC) work for a large solar scale photovoltaic (LSSPV) plant in Kulim for RM26mil.
In a statement, the underground utilities and substation engineering specialist said its unit had been appointed a sub-contractor for the 50 mega-watt alternating current (MWac) LSSPV plant.
MN Power will be responsible for the EPCC of a step up station interconnection facilities, NUR interconnection facilities and related peripheral system for 50 MWac LSSPV energy generating facility for Nur Renewables Sdn Bhd.
The contract is for a period of 11 months from April 2024 to February 2025.
Datuk Dang Siong Diang, executive director of MN Holdings, said the company’s substation engineering segment continue to achieve a strong replenishment rate.
“The announcement of the corporate green power programme (CGPP) award totalling 563.42MW and the roll out of the National Energy Transition Roadmap (NETR) last year have somewhat benefit MN Group as some of our clients are the successful selected solar power producers under the CGPP.
"With the recent opens bidding for LSS5 programme or LSS - Peralihan Tenaga SuRiA by the Ministry of Energy and Water Transformation through the Energy Commission offering a total generation quota of 2,000MW, we anticipate more substation engineering projects to come in,” he said.
With the latest win, MN Holdings' order book has risen to RM444.5mil.
The group said the secured contracts are expected to positively impact its earnings over the next two to three financial years, barring any unforeseen circumstances.
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