PETALING JAYA: MIDF Research is mildly positive on Ranhill Bhd’s move to rope in China Energy International Group Co Ltd (CEIG) as a partner for its proposed Djuanda project – Indonesia’s first source-to-tap drinking water supply programme.Ranhill has a 74% stake in the Djuanda project, while other members of the consortium are PT Varsha (10%), PT PP Persero & PT PP Infrastruktur (15%) and Maynilad (0.16%).
The project’s feasibility study is currently being evaluated by the Indonesian regulators, in which if approved, will proceed to a tender process, according to MIDF Research in a note to clients yesterday.
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