The investor, whose identity was not revealed, also expressed interest in the operation and maintenance of those assets, in the hope of growing its own portfolio of desalination plants.
SEMBCORP Industries is keeping its options open for Hyflux’s Tuaspring co-generation power plant "if the price was right".
NO BINDING offer to invest in Hyflux has been submitted by Utico, Hyflux said on Tuesday, contrary to a Reuters report s published over the weekend.
Hyflux is set to lose Tuaspring Integrated Water and Power Plant (IWPP), which was once its largest asset but has now been flagged by some analysts as a millstone around the neck of the embattled...
The troubled water treatment firm is in a race against time to nail down new investors to keep operations going and avoid liquidation.
Utico would provide working capital and any urgent interim funding to Hyflux as part of the offer, Richard Menezes said.