News about data centre

KUALA LUMPUR (Jan 16): MN Holdings Bhd (KL:MNHLDG) said it has secured four contracts worth a combined RM122.

Under the contract, the multinational corporation has the option, but not the obligation, to award the mechanical and engineering fit-out works to SCSB, subject to finalisation of the project contract.

The letter of appointment was received from “one of the leading multinational technology corporations headquartered in the US”, with the client’s identity undisclosed.

The contract, slated for completion by Dec 7, 2026, covers the supply, delivery, installation, testing, commissioning, warranty and maintenance of mechanical systems.

Deputy Energy Transition and Water Transformation Minister Akmal Nasrullah Mohd Nasir said the government has decided that costs related to upgrading electricity and water grid infrastructure to support data centres will be fully borne by the developers, to ensure that there will be no additional financial burden on consumers, particularly domestic users.

The strong quarterly performance also boosted its nine-month results to a record high, with net profit more than doubling to RM243.

“We have room for expansion and at the right time when we need the money and the timing is right we will go and tap the sukuk market,” group managing director and chief executive officer Datuk Seri Azmir Merican said.

Energy Transition Minister Datuk Seri Fadillah Yusof revealed that data centres in Selangor and Johor were allocated less than a third of their initial water supply request.

"These facilities provide manufacturers with scalable computing capacity for digital twins, real-time analytics and cloud-based manufacturing execution systems.

EcoWorld said the notes, which will be issued from time to time, were fully subscribed by a major local financial institution, reflecting “strong investor confidence in the group’s credit strength and the long-term prospects of the data centre project”.