Jati Tinggi secures RM33.1 million subcontract for temporary power supply to data center in Negeri Sembilan
The new contract adds to Jati Tinggi’s momentum in securing orders in early November, as demand for electrical infrastructure for data centers continues to grow in Malaysia. The nine-month project involves connecting an interim power supply to a data center in Gerbil, Negeri Sembilan, and is expected to contribute positively to the group’s future earnings.
Highlights
- Jati Tinggi Group Bhd has secured a RM33.1 million subcontract to supply and install two 275kV power cable circuits to a data center in Negeri Sembilan over nine months.
- The contract marks Jati Tinggi’s second win in two weeks, following a RM2.9 million contract with Tenaga Nasional Bhd for a community energy storage system.
- Jati Tinggi shares closed five sen, or 4.39%, lower at RM1.09 on Tuesday, giving it a market capitalization of RM482.8 million.
This article was translated from the original. Read the original version by our correspondent here.
Scope of work and implementation period
According to The Edge Malaysia, a filing with Bursa Malaysia showed that Jati Tinggi Group Bhd had secured a RM33.1 million subcontract through its wholly owned subsidiary, Jati Tinggi Holding Sdn Bhd, from an unnamed main contractor.The subcontract covers the supply, design, installation, testing and commissioning of two 275kV power cable circuits connecting the transition yard to the data center’s substation. It also includes construction of the transition yard, overhead line take-off works and modifications to related secondary systems.
The work is scheduled to be carried out over nine months. The company said the contract is expected to contribute positively to future earnings and net assets per share throughout its duration.
Business implications and share performance
This contract win marks the group’s second contract secured in the first two weeks of November. On 3 Nov, Jati Tinggi and Reactive Energy Sdn Bhd, through an unincorporated joint venture, secured a RM2.9 million contract from Tenaga Nasional Bhd to supply, install, test and commission a community energy storage system.The work forms part of TNB’s Green Energy Island project involving its distribution network, marking Jati Tinggi’s expansion into battery energy storage systems and energy storage solutions. Jati Tinggi shares fell five sen, or 4.39%, to RM1.09 at Tuesday’s close, giving it a market capitalization of RM482.8 million.
Previously, we looked at how the approval of 27 data center projects in Malaysia is driving growing demand for supporting infrastructure.
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