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JGC Corporation of Japan and Hyflux sign joint venture agreement to develop green field water projects in China

21 December 2009

JV Company, the newly formed 50:50 joint venture company will be the investment holding vehicle for developing, investing and managing the green field water projects in China

The JV Company's investment portfolio will initially comprise projects which are at the development and incubation stage, such as the Tianjin Dagang seawater desalination plant, China's largest seawater desalination plant. The JV Company intends to expand the desalination plant’s capacity from 100,000 m3 per day to 150,000 m3 per day.
 

The Hyflux Group will continue to provide the engineering, procurement and construction services for the proposed expansion and the management consultancy, operation and maintenance services will be jointly provided by Hyflux and JGC Corporation. The JV Company will also grant Hyflux Water Trust rights of first offer and rights of first refusal for the Project.
 

Olivia Lum from the Hyflux Group said: “We are very happy to collaborate with JGC on this significant partnership. This new platform will enhance Hyflux's ability to invest in water infrastructure projects in China, where demand for clean and affordable water continues to be on an uptrend.”

 

 

This article is featured in:
Desalination  •  Distribution & Supply

 

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