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Ranhill lands 20-year Thailand water treatment concession worth RM19mil

Ranhill lands 20-year Thailand water treatment concession worth RM19mil

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

Posted on : 20 October 2017
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