PUB takes over troubled Tuaspring desalination plant
This follows termination of Water Purchase Agreement with Hyflux subsidiary; move safeguards Singapore's water security, says PUB
Singapore
NATIONAL water agency PUB has taken over the Tuaspring desalination plant with effect from Saturday, following the termination of the Water Purchase Agreement (WPA) with Hyflux subsidiary Tuaspring Pte Ltd.
The move safeguards Singapore's water security, PUB said.
For many, the Tuaspring project has come to symbolise Hyflux's downfall. In March 2011, Hyflux won a government tender to build a desalination plant at Tuas by offering to supply water to PUB at a loss-making price that non…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag