Clean water: A water-recycling plant in Singapore. Desalinated water is Singapore’s fourth water source, besides water from local catchments, imported water from Johor and NEWater (high-grade reclaimed water). — Bloomberg
SHARES of YTL Power International Bhd
tracked higher on the back of positive news that the group has been shortlisted to bid for Singapore’s fifth water desalination plant that could benefit it in terms of attractive returns and a lower risk venture if the company wins the bid.
YTL Power shares gained more than 2% following the news that it was among the four shortlisted for the bid. The company is currently trading near its highest level so far this year at RM1.48.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
