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West Java will not renegotiate Darco project
Claudia Chong
Published Fri, Jul 24, 2020 · 09:50 PM
Singapore
DARCO Water Technologies said on Friday that despite further discussions, the West Java government has reiterated that it is not agreeable to a renegotiation of the terms of the cooperation agreement for the group's proposed Indonesia waste management project.
Darco took a 75 per cent stake in Panghegar Energy Indonesia (PEI) this year. PEI in turn owns 80 per cent of Jabar Bersih Lestari (JBL), which inked the agreement with the government to provide waste management services in certain parts of the province.
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