KUALA LUMPUR: MN Holdings Bhd has bagged a substation engineering contract for a design, supply, installation, maintenance, testing and commissioning for a new 275 kilovolt (kV) consumer landing station (CLS) worth RM136.2 million in Johor.
The company said its wholly-owned subsidiary MN Power Transmission Sdn Bhd (MN Power) had received and accepted a letter of award (LoA) from a customer that provides data centre services.
The contract commences in July 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.
Dang said the company does not 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 Southeast Asia.
"Inclusive of the latest contract win, in total, MN Holdings has clinched RM291.5 million worth of on-going data centre contracts that will keep the company busy for the next two years," he said.
MN Holdings expects its performance to be bolstered by both ongoing projects and new projects that are expected to be secured.
In addition to its involvement in the power industry, MN Holdings is also actively participating in upgrading water and sewerage infrastructure.
This sector is driven by the government's focus on addressing non-revenue water challenges and the increasing demand for water to support the data centre industry.