Hyflux's TuasOne may get early injection of S$23m from Mitsubishi
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Tay Peck Gek
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Singapore
INSOLVENT water treatment company Hyflux's ongoing TuasOne waste-to-energy (WTE) project will get an early injection of an additional S$23 million equity already committed from Mitsubishi Heavy Industries (MHI) if there is a firm deal between the parties by end of the month.
The deal would help to address the liquidity problems and ensure completion of the S$750 million project, said Hyflux founder and chief executive officer Olivia Lum in an affidavit on Jan 11.
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