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Monday, 15 November 2010

Hyflux wins US$100m contract to build plant in Libya


SINGAPORE - Singapore's biggest provider of water-treatment services, Hyflux, said on Monday, it has won a US$100 million contract to carry out engineering, procurement and construction works for a seawater desalination plant in Libya.

The project at Tobruk in northeastern Libya is the first in the African country for Hyflux.

The desalination plant, which will use reverse osmosis technology, will produce 40,000 m3 of desalinated water per day when fully operational.

Hyflux stocks dropped 1.2 per cent to $3.25 on a volume of 117 million shares after announcement of the contract.

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