Via a media release, the PUB said it would terminate theThe WPA was signed on April 6, 2011, between the PUB and Tuaspring Pte Ltd , a wholly-owned subsidiary of Hyflux. It is a 25-year agreement with Tuaspring promising to deliver up to 70 million gallons of desalinated water per day to PUB over a 25-year period from 2013 to 2038.
Tuaspring also asked if compensation had to be paid to the PUB as stipulated by the WPA and noted that it would not be able to given its financial position. “However, PUB has informed Tuaspring that it is willing to purchase the desalination plant for zero dollars and waive the compensation sum,” added the water agency.
Hyflux started it and Government taking over just like that. I won't be surprised Government will sell it off just like NOL.
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