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SYARIKAT Bekalan Air Selangor Sdn Bhd (Syabas) is close to signing an agreement to take over Perbadanan Urus Air Selangor Bhd (PUAS) #8211; and the management of water resources in Selangor and surrounding areas.
THE Government will go ahead with the privatisation of Perbadanan Urus Air Selangor Bhd (PUAS) in view of the deteriorating financial condition of the state's corporatised water supply operator, said Energy, Water and Communications Minister Datuk Seri Dr Lim Keng Yaik.
PERBADANAN Urus Air Selangor Bhd (PUAS) plans to seek the Government#8217;s assistance to help settle the RM2.23bil in outstanding payments (as at end August) that it owes three water treatment plant operators #8211; Puncak Niaga Holdings Bhd, Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) and Konsortium Abass Sdn Bhd.
PUNCAK Niaga Holdings Bhd is expected to pay between RM20mil and RM25mil annually in royalty to the Selangor government under the state's proposed water supply privatisation scheme, analysts said.