PUB to unveil new water targets and strategy

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How will the new water targets and strategy benefit Hyflux, Kep Corp and Semb Corp?

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NATIONAL water agency PUB will release a new document on the island's water management strategy during this month's Singapore International Water Week (SIWW).

The agency will also spell out its long-term plans to increase water supply to meet demand for the next 50 years during the event, which will take place from June 28 to July 2.

Giving a sneak peek of what can be expected at the annual event, SIWW's organisers said more than 20 new products and technologies will be unveiled.

The event aims to leverage on Singapore's position as a 'hydro hub' and use its urban water management experience to 'bring together the entire water world'.

It is also a key platform for companies in the sector to reach agreements to enhance research and development programmes.

Sgapore is looking to grow its environment and water sector, which is expected to contribute $1.7 billion in economic value- add by 2015 and employ some 11,000 people.

In 2006, the government set aside $330 million over a five-year period to boost the development of the local environment and water industry. About 60 per cent of the funds have already been used to build R&D and manpower capabilities.



The number of water companies here has climbed from 50 in 2006 to more than 70 now. And these companies have secured $7.7 billion worth of overseas projects since 2006 - up from just $683 million from 2004 to 2006.