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Hyflux Secures $750 Million Waste-To-Energy Project
Daily Bulletin | 16 September 2015
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Hyflux, together with its consortium partner Mitsubishi Heavy Industries (MHI), has secured a $750 million contract to develop a waste-to-energy (WTE) plant in Tuas and to provide waste treatment services exclusively to Singapore’s National Environment Agency (NEA) for 25 years.

The group and MHI will respectively hold 75 percent and 25 percent stake in the project, which is expected to be completed by 2019. Hyflux will undertake engineering, procurement and construction works worth $653 million while MHI will provide the technology.

The two parties will jointly manage, operate and maintain the WTE plant over the concession period.

Hyflux  -- -- --   
Business: Provides integrated water management & environmental solutions. [FY17 Turnover] Municipal (82.5%), industrial (16%), others (1.5%).

Insight: Mar-19, 9M18 revenue sank 75% due to lower enginee... Read More


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