Hyflux Consortium Awarded S$328m Project in Oman

The project, worth an estimated US$250 million (S$328 million), was awarded by the government-owned Oman Power and Water Procurement Co.

 

A consortium, comprising Hyflux and National Power and Water Co, has been awarded an international tender to design, build, own and operate an independent water project in Qurayyat, Oman.

 

The project, worth an estimated US$250 million (S$328 million), was awarded by the government-owned Oman Power and Water Procurement Co (OPWP), Hyflux said in a news release issued on Friday (Dec 19).

 

It involves a seawater reverse osmosis desalination plant with a designed capacity of 200,000 cubic metres per day. Under the letter of award, the consortium will need to further finalise details of the project with OPWP, and the award is contingent upon satisfying certain conditions precedent.

The project is scheduled to commence commercial operation by May 2017 under a 20-year water purchase agreement with OPWP.

 

Hyflux’s role includes turnkey engineering, procurement and construction (EPC) – a contract valued at US$210 million – as well as operations and maintenance of the plant. Hyflux said the project is not expected to have a material financial impact on the company for the financial year ending Dec 31, 2014.

 

SOURCE: http://www.channelnewsasia.com/news/business/singapore/hyflux-consortium-awarded/1538970.html