KUALA LUMPUR (May 26): EITA Resources Bhd’s 60%-unit TransSystem Continental Sdn Bhd (TSC) has secured an RM36.25 million contract to undertake the asset replacement and refurbishment of primary and combined equipment of a 275 kV substation in Kota Setar, Kedah.

TSC, together with S A Continental Sdn Bhd, received a Letter of Acceptance from Tenaga Nasional Bhd for the contract on Thursday (May 26), EITA said. The contract spans nearly 2½ years from its effective date of May 26, it said.

TSC's scope of works for the contract includes the execution, implementation, financing and management of the contract, while S A Continental is responsible for the civil works for the contract, it added.

This is the third substation-related contract announced by EITA this year alone, with a total contract sum of RM94.59 million.

On Jan 27, EITA announced two awards from Sarawak Energy Bhd to undertake substation extension and reinforcement of supply at two substations in Mambong and Entinggan, with contract value of RM29.39 million and RM28.96 million respectively.

Shares of EITA settled down one sen or 1.23% at 80 sen, giving it a market capitalisation of RM206.73 million. Year to date, the counter has declined 7.51%.