Ranhill lands 20-year Thailand water treatment concession worth RM19mil
20 Oct 2017
Ranhill Holdings Bhd announced that it has secured a project worth 152.58 million baht, equivalent to RM19.33 million, to build, operate and transfer a water treatment plant at Rayong province in Thailand.
According to Ranhill, the project to build a water treatment plant with a capacity of seven million litres per day (MLD) was awarded to its indirect subsidiary AnuRAK Water Treatment Facilities Co Ltd, by Amata Water Co Ltd.
“The new concession will cover the construction of the reclamation water treatment plant to purify treated wastewater to enable reuse for industrial purposes. The source of water will be from the treated effluent produced by AnuRAK’s existing wastewater treatment plant of 10 MLD, a concession currently held by AnuRAK,” Ranhill said in a filing with Bursa Malaysia today.
Ranhill said the operations and maintenance period will be for 19 years, hence making it a 20-year concession inclusive of construction period.
“The technology involves pre-treatment which significantly removes all suspended pollutants until it is suitable enough for further purification with ultra-filtration and reverse osmosis systems,” Ranhill added, noting that “a formal concession agreement is required to be executed in due course.”
Ranhill said the water treatment concession project is expected to “contribute positively” to the revenue and earnings in the financial year ending Dec 31, 2018.
Currently, Ranhill said AnuRAK already has an existing 10 MLD Water Reclamation Plant in Amata Nakorn Industrial Estate in Thailand’s Chonburi Province, which has been in operations since year 2012 and producing treated water for industrial reuse purposes.
“This new project will increase the Group’s reuse and recycle treatment capacity in Thailand to 17 MLD,” the water and infrastructure firm added.
The new concession, Ranhill said, confirmed the significance of its growth model in the region, which also reflects the quality of services and the dedicated technological solutions for water reclamation that it can draw on to help Asian countries in meeting their environmental and industrial challenges.
Shares in Ranhill were barely traded and closed unchanged at 80 sen today, giving it a market capitalisation of RM710.65 million.
Source: The Edge Markets
