Singapore's water security is the only thing that matters, and that is all water agency PUB was concerned about in announcing last night that it would take control of Tuaspring's desalination plant, should Hyflux subsidiary Tuaspring Private Limited (TPL) be unable to cure its defaults by April 5, observers said.
It has also agreed to waive any compensation it could have claimed from the Hyflux unit and is willing to purchase the plant for zero dollars.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you