Wednesday, 28 December 2011

Ingress gets TNB letter of intent

KUALA LUMPUR: Ingress Corp Bhd units have received letters of intent from Tenaga Nasional Bhd for power management unit (PMU) projects worth RM55 million that are set to commence within the first quarter of its fiscal year ending Jan 31, 2013.

In a statement yesterday to Bursa Malaysia, Ingress said letters given to its two subsidiaries, Multi Discovery Sdn Bhd and Ramusa Engineering Sdn Bhd, are for the establishment of PMU 132kV Kota Setar AIS Rehab and 132kV lines diversion at PMU Kota Setar, as well as a proposed 275kV bulk supply to Bahru Stainless. No other details were provided.



This article appeared in The Edge Financial Daily, December 28, 2011.




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