KUALA LUMPUR (July 13): MN Holdings Bhd has secured a contract for the engineering, procurement, construction and commissioning (EPCC) of high-voltage systems and related works for a large-scale solar photovoltaic (LSSPV) plant in Pekan, Pahang worth RM12.2 million.

In a statement on Wednesday (July 13), the underground utilities and substation engineering specialist said its unit MN Power Transmission Sdn Bhd had accepted a letter of award from ERS Energy Sdn Bhd for its appointment as a subcontractor of the 50MWAC LSSPV plant in Tanjung Batu.

According to the group, ERS Energy is a solar EPCC service provider with over 10 years of industry experience in residential solar, commercial and industrial solar and large-scale solar projects.

“Despite challenges from supply chain disruptions to rising costs, this contract affirms the outlook on the robust level of activities in the solar PV industry.

“We will continue to leverage our deep experience in the underground utilities and substation engineering segment to secure more projects moving forward,” said MN Holdings executive director Dang Siong Diang.

The contract, which spans for 13 months, is expected to be completed by August next year.

Dang added that the latest contract will push the group’s order book to RM231.1 million.

At noon break, shares in MN Holdings closed unchanged at 21 sen, giving it a market capitalisation of RM85.84 million.