Hextar Capital associate bags RM427.5mil TNB contract
KUALA LUMPUR: An associate company of Hextar Capital Bhd has secured a RM427.5mil contract by Tenaga Nasional Bhd for the establishment of a transmission main intake (PMU) 500/275kV gas insulated substation (GIS) in Gurun East, Kedah.
In a press statement, Hextar Capital said Transgrid Ventures Sdn Bhd, a joint venture with CD Electrical Engineering Sdn Bhd, will supply, install and commission the GIS, complete with all primary and secondary systems as well as associated civil works.
The contract is scheduled for completion within 730 days from the commencement date.
"This project marks another strategic milestone for Transgrid and reinforces its capabilities in delivering large-scale, mission-critical infrastructure projects within the energy sector.
"It also reflects the confidence that TNB has in our engineering capabilities and further solidifies our role in supporting the national grid and the country's energy development," said Hextar Capital managing director Johnson Chang.
He added that the project is expected to contribute positively to the group's mid-term performance and order book visibility.
"This will be the first 500kV GIS project in Malaysia, and Transgrid is proud to be given the opportunity by Tenaga Nasional to design and build this maiden project.
"It is a significant milestone that reaffirms our capabilities and track
record in high-voltage substation infrastructure," said Transgrid CEO and managing director Datuk Sri Nantha.
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