KUALA LUMPUR (Oct 9): T7 Global has secured a contract award worth RM21.17 million from Tenaga Nasional Bhd (TNB).

In a statement on Monday, the energy solutions provider said it subsidiary T7 Wenmax Sdn Bhd is to supply and deliver 79,800 units of Single Phase Radio Frequency Smart Meters together with 19,950 units of Three Phase Radio Frequency Smart Meters, in line with TNB’s ongoing implementation of the Advanced Metering Infrastructure (AMI).

With the rollout of the AMI, the system will allow daily electricity consumption to be recorded and converted into data, which will assist consumers to have better control over their electricity consumption and reduce carbon emissions, T7 Global Group chief executive officer Tan Kay Zhuin said.

“We are committed to tackle the climate crisis through the use of technology and supporting TNB in achieving their Net Zero aspirations,” said Tan.

T7 Global said the award is expected to contribute positively towards the company’s earnings for the financial years ending Dec 31, 2023 to 2025.

At midday break on Monday, T7 Global gained 0.5 sen or 1.10% to 46 sen, with 449,000 shares traded.