MN Holdings Berhad (“MN Holdings” or the “Group”), a leading infrastructure utilities construction and engineering solutions specialist in Malaysia, is pleased to announce that MN Holdings’ wholly-owned subsidiaries, MN Power Transmission Sdn Bhd (“MNPTSB”) and Mutu Nusantara Sdn Bhd (“MNSB”) has secured a RM137.8 million contract from Tenaga Nasional Berhad (“TNB”). This award, the largest direct contract ever secured by MN Holdings from TNB, further strengthens the Group’s role in supporting Malaysia’s national grid infrastructure.
The project is a new transmission main intake (“PMU”) 275 kilovolt (“kV”) Kenyir Switching Station Gas Insulated Substation (“GIS”) in Terengganu. MN Holdings will supply, install and commissioning the PMU complete with relevant primary, secondary and all associated civil works. The project will span 730 days, with completion expected by March 2027.
Datuk Dang Siong Diang, Executive Director of MN Holdings said, “We are honoured to secure our contract directly from TNB, reinforcing our position in Malaysia’s power infrastructure sector. This project is not only a testament to our engineering capabilities but also reflects TNB’s trust in our ability to deliver high-quality solutions that meet stringent technical and operational standards.”
He added, “With Peninsular Malaysia’s power reserve margin projected to remain healthy at 28% to 36% and electricity demand set to grow by 2.9% annually, driven by economic expansion and the rise of data centres, we see strong prospects for grid and infrastructure upgrades. Combined with initiatives such as the Large Scale Solar (LSS) programme, the New Enhanced Dispatch Arrangement (NEDA), and the Green Electricity Tariff (GET) 2025—offering up to 6,600GWh of renewable energy for subscription—these developments present clear opportunities for MN Holdings to support Malaysia’s accelerating shift towards a low-carbon and sustainable energy future.”
This latest contract win brings MN Holdings’ order book to RM977.8 million, reflecting its continued success in securing high-value projects that enhance Malaysia’s power infrastructure. The Group remains committed to delivering reliable and sustainable solutions while driving long-term growth and value for its stakeholders.
