1326 articles in Asia
Manila Water Company’s shareholders are to inject fresh equity into the company to buy out IWL’s ownership interest. Meanwhile, MWC expects to post its best ever financial performance this year since taking over the east zone concession in 1997.
The Malaysian conglomerate is to build an STP as part of Beijing’s planning for the 2008 Olympics.
Another Malaysian company has scored a success in the Chinese market.
For Singapore’s Seletar water reclamation plant.
Dissatisfied with the failure of state governments to keep costs down, the federal government is to take over water supply management.
The territory is to lobby Beijing to get Guangdong to cut water supply costs.
In a sign of things to come, an Asian company has been awarded a BOT contract for a WTP in China’s Jiangxi province.
The deal covers the Malaysian group’s involvement in the Langat-II scheme and is worth $600 million.
The water sector in the south-eastern Asian state offers a range of opportunities. Several local groups are well placed.
The group has signed a conditional sale and purchase agreement to acquire a 10% stake in the company which will negotiate water sales to Singapore on behalf of the Indonesian government.