Pekanbaru negotiations fail
- From: Vol 3, Issue 10 (October 2002)
- Category: General
- Region: Asia
- Country: Indonesia
- Related Companies: Cascal/Biwater, Nuon, Ondeo, Stone & Webster and Thames Water
A consortium led by Cascal, the joint venture company formed by the UK’s Biwater and Nuon of the Netherlands, has withdrawn from a 30-year concession to manage water supply services in Pekanbaru in Indonesia’s Riau province.
The concession was signed by Adhya Tirta Pekanbaru (ATP), a consortium which is 45% owned by Cascal, and the regional government of Pekanbaru in February 2001 but has since failed to reach
financial close. In addition to Cascal, ATP consists of Indonesia’s PT Bangun Cipta Kontraktor (45%) and PT Prambanan Dwipaka (10%).
At the time of the consortium’s ...
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