Thursday, December 30, 2010

Ingress subsidiaries secure RM14.5m Tenaga project

KUALA LUMPUR: INGRESS CORPORATION BHD []'s subsidiaries have received a letter of intent from TENAGA NASIONAL BHD [] for a RM14.5 million project to enhance the power giant's digital telecommunications network.

Ingress said on Thursday, Dec 30 that Tenaga had issued a letter of intent to the unincorporated joint-venture between Ramusa Engineering Sdn Bhd and Multi Discovery Sdn Bhd, both of which are subsidiaries of Ingress.

The LOI is for the enhancement of Tenaga's digital telecommunication network and teleprotection system 'Phase 4 - Mainhead A' project.

'The project is estimated to be valued at RM14.5 million and will be for a period of one year commencing in the first quarter of financial year ending Jan 31, 2012,' it said.


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