SINGAPORE : Water management company Hyflux has signed a major agreement with Singapore's national water agency PUB to deliver desalinated water for 25 years.
Under the Water Purchase Agreement, Hyflux's wholly-owned subsidiary Tuaspring will deliver the water to PUB from 2013 to 2038.
Located in Tuas, the desalination plant - the second and largest in Singapore - will commence operations in 2013.
The plant will add another 318,500 cubic metres of desalinated water per day to Singapore's water supply.
The price for the desalinated water is 45 cents per cubic metre for the first year.
"By 2060, we plan to increase our desalination and NEWater capacities to be able to meet up to 30 per cent and 50 per cent of our water demand respectively," said PUB chief executive Khoo Teng Chye.
- CNA/al
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