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The Star

Pekat wins RM31mil switchgear job from TNB

PETALING JAYA: Pekat Group Bhd 's indirect 60%-owned subsidiary EPE Switchgear (M) Sdn Bhd has secured a RM31.32mil switchgear maintenance and repair job from Tenaga Nasional Bhd (TNB). In a filing with Bursa Malaysia, the solar energy firm said EPE Switchgear will undertake the maintenance, servicing and repair works of air insulated switchgears and gas insulated switchgears, including supply and installation of spare parts, as per TNB's requirements and specifications. 'The contract shall be effective from Aug 1, 2025, being the date of the LOA. The contract period shall be two years from the effective date, with an additional option for another one year.' Pekat added that the duration for each particular service shall be based on the purchase order issued by TNB. 'EPE Switchgear is required to furnish a performance security for the sum of RM0.39mil within 28 days from the date of the LOA. 'The contract secured is expected to contribute positively towards the future earnings, earnings per share and net assets per share of Pekat and its subsidiaries for the financial year ending Dec 31, 2025 until the expiry of the contract.'