MNHB unit in JV with Pembinaan Tajri for RM67mil TNB cable installation contract
KUALA LUMPUR: MN Holdings Bhd’s (MNHB) wholly owned unit, MN Utilities Engineering Sdn Bhd (MNUE) and Pembinaan Tajri Sdn Bhd (PTSB) has bagged a contract for the installation of a new 275 kilovolt (kV) cable from Tenaga Nasional Bhd (TNB).
MN Holdings Bhd's wholly owned subsidiary, MN Utilities Engineering Sdn Bhd, and Pembinaan Tajri Sdn Bhd have secured a RM67.31 million contract to install a new 275 kilovolt underground cable. This agreement was reached through an unincorporated joint venture between MNUE and PTSB. The contract, awarded by TNB, will involve the reconfiguration of the cable from LILO Point to Intel Electronic Malaysia's switching station for the bulk supply of power to Intel Penang.
MNUE and PTSB will collaborate on the project, with MNUE responsible for 80% of the work and PTSB handling the remaining 20%. The contract is set to begin on September 4, 2026, and is expected to be completed within 540 days. Both companies will provide a performance security worth 5% of the contract amount, which must be submitted within 56 days of the contract's start date.
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