Kinergy secures RM47.5 million data centre electrical works subcontract in Port Dickson

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Kinergy's Port Dickson electrical subcontract

Highlights

Kinergy Secure Sdn Bhd has secured a RM47.5 million electrical subcontract from Gamuda Engineering for a data centre project in Port Dickson, due for completion in the first quarter of 2028.
The contract covers the design, installation, testing and commissioning of substations, transformers, power distribution, cabling, lighting and EV charging systems.
Approved Malaysian data centre and cloud computing investments totalled RM95.8 billion in H1 2026; Kinergy shares remained at 39.5 sen, with a market capitalisation of RM852.31 million.

This article was translated from the original. Read the original version by our correspondent here.

Contract scope and project timeline

As reported by The Edge Malaysia, the subcontract was awarded by Gamuda Engineering Sdn Bhd, a wholly owned subsidiary of Gamuda Bhd, for a data centre serving a U.S.-headquartered multinational technology company, whose identity was not disclosed in Monday, 12 Oct filing.

Under the contract, Kinergy will design, supply, install, test and commission the project's electrical infrastructure. The scope of work includes substations, transformers, power distribution systems, cabling, lighting, backup power systems and EV charging facilities.

The works are scheduled for completion in the first quarter of 2028, marking the company's medium-term involvement in the development of this high-specification digital facility.

Implications for Malaysia's data centre sector

According to Kinergy's executive deputy chairman and group managing director, Datuk Dr Lai Keng Onn, the award reflects the group's growing recognition in the data centre sector and its technical capabilities in high-requirement infrastructure.

He also cited figures from the Malaysian Investment Development Authority, which show that RM95.8 billion in data centre and cloud computing investments was approved in Malaysia in the first half of 2026. As developments become larger and more complex, demand for specialised engineering and power infrastructure is expected to continue supporting growth opportunities for service providers such as Kinergy.

Kinergy shares were unchanged at 39.5 sen during Monday's midday trading break, giving the company a market capitalisation of RM852.31 million.

In our earlier coverage of the Malaysian equity market's performance over the first nine months of 2026, we highlighted that technology stocks were among the key leaders as investor interest focused on AI, semiconductors and data centre-related projects. The article also discussed how foreign fund outflows and macro risks, such as high U.S. interest rates and rising bond yields, could limit market valuations, even as some sectors posted strong returns.

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