Utilities

Singapore throws $750 million at flood and drainage problem

It will be spent in the next five years on canal capacity expansions and better flash flood safeguards. Read ››

Charges dropped against Mewah’s subsidiary and its Chairman

The court ruled that there is insufficient evidence to prove that Mewah Oil Sdn Bhd is capable of forging documents on a CPO purchase. Read ››

Sembcorp incorporates subsidiary in India

The wholly-owned subsidiary will provide management and advisory services for Sembcorp’s existing investment in India’s power sector. Read ››

Sembcorp opens first industrial water reclamation plant in China

The S$21.5 million facility is capable of producing up to 20,000 cubic metres per day of industrial water. Read ››

Hyflux’s revenue plunges 36.2% to S$87.7m in 3Q11

And net profit also declined 33.6% due to higher preparation costs for its Tuaspring Desalination project. Read ››

Sembcorp Industries profit down to S$222.4m

It dropped from S$244.1m in the third quarter of 2010, as Sembcorp Industries' Marine business posted profit decline. Read ››

Why Aussie’s copycat of Singapore’s NeWater fails

Recycled sewage water accounts for up to 30% of Singapore’s water needs but it only consists less than 1% in Australia and guess who’s to blame? Read ››

Sound Global stays strong with RMB1.3b worth of orders YTD

It has recently won a RMB480m contract to build wastewater treatment plants in five rural towns in Jiangsu Province. Read ››

Sembcorp to expand industrial parks business in China

The company is exploring the possibility of operating an industrial wastewater treatment plant in Jiangsu province. Read ››

Singapore’s LionGold offers S$69.6m to take over West African mining company

LionGold Corp will acquire all outstanding issued shares of Signature Metals Limited at A$0.02 per share. Read ››

Clearer skies ahead for CSE in 3Q11

CIMB projects a much improved 3Q11 for CSE, with earnings of S$15m and around S$190m worth of orders. Read ››

Sound Global appoints Jiang Anping as Executive Director

Jiang is expected to lead the technical innovation and the improvement of the design capability in foreign engineering projects of the Company. Read ››

Liquefied natural gas trading may fuel Singapore to be the regional energy hub

More than 400 petroleum and petroleum trading companies are already based in the Lion City. Read ››

Hello, sunshine: Sunseap to supply solar power for Punggol eco-town

The solar manufacturer won the Housing Development Board’s tender to produce 2 megawatts of photovoltaic rooftop solar system. Read ››

Sound Global remains afloat with a record orderbook of RMB 2.4b

Hyflux also remains strong with S$982m worth of new orders. Read ››

Asian utilities to face looming debt maturities over the next 3 years

Standard & Poor's estimates that the amount averages about US$34 billion per year between 2012 and 2014. Read ››

Hello sunshine: Punggol Eco Town to try solar energy till 2013

Panasonic will install photovoltaic systems to supply renewable energy to lifts, water pump and lighting. Read ››

China set to be the largest driver of oil prices in a decade

The correlation between China's industrial growth and the WTI oil price has increased from 0.45 in May 2001-2006 to 0.65 in May 2006-2011. Read ››

International experts keen on Singapore’s water industry R&D progress

The International Advisory Panel said investments made in the industry in the last five years to contribute S$590mn of annual value-added to the Singapore economy. Read ››

PUB and Hyflux breaks ground for Singapore’s largest desalination project

The world’s second largest ultrafiltration pre-treatment membrane facility, incorporating Hyflux’s proprietary Kristal® ultrafiltration membranes, is equipped in the plant. Read ››

Water security, a “work-in-progress”: DPM

DPM Tharman Shanmugaratnam said cities around the world, including Singapore, will have to contend with issues in the context of urbanisation. Read ››

NRF to allocate additional $140m to promote R&D in the water sector

Total budget is now up to $470 million. In a speech during the opening of the Singapore International Water Week, DPM Tharman Shanmugaratnam said, “We are hopeful that with these investments, we will achieve our goal of growing the value-added contribution from this sector from $0.5 billion in 2003 to $1.7 billion by 2015, and doubling jobs in the sector to 11,000 by then.” He said the projects funded under this initiative include those looking into domains like advanced membrane processes, bio-mimicry and low-energy seawater desalination. Read ››

China faces worst-ever power shortage

Shuai Jungin, State Grid Corporation of China executive vice president, warns that China will face its worst-ever power shortage this summer. Read ››

Singapore water companies secure S$8.4bn overseas projects since 2006

New projects in the industry from 2006 seen to add S$590mn to GDP and 2,300 jobs. Read ››

Hyflux bent on capturing China market by 2014

The utility company aims to derive 40% of its total revenue from Asia's largest economy as the Chinese government gears to double its spending on water conservancy projects. Read ››

TEE International subsidiary bags S$26.4mln project in Malaysia

TEE M&E Engineering Sdb Bhd will construct the 120Mld Bertam DAF Phase 2 Water Treatment Plant through a joint venture arrangement with Perkasa Sutera Sdn Bhd. Read ››

Hyflux gets a boost, upsizes CPS offering to S$400mln

The company's management has allocated S$200m to the public tranche as a result to the "overwhelming response" for the company's recent 6% CPS. Read ››

Hyflux signs 25-year agreement with PUB

Under the Water Purchase Agreement, Tuaspring will deliver desalinated water to PUB from 2013 to 2038. Read ››

Household electricity rates to shoot up 6.1%

Homeowners would have to pay 1.48 cents (S$0.0148) per kWh to 25.58 cents (S$0.2558) per kWh from 1 April to 30 June. Read ››

PUB selects Hyflux as bidder for largest desalination plant in Singapore

Hyflux will form a concession company to enter into a Water Purchase Agreement with PUB by April 2011. Read ››

PUB and Ontario government inks MOU on clean water technologies research

Both Singapore and Ontario target of becoming centers for water technologies that drive innovations through research, testing and application of emerging technologies. Read ››

Koh Brothers clinches contract for 3-year Geylang River makeover

The river project entails construction of an estimated 830-metre-long by 26-metre-wide drain, reconstruction of two 3-cell box culverts and the construction of ABC Waters design features, which will help cleanse rainwater runoff. Read ››

PUB plans to join forces with Japan’s NEDO for R&D

R&D projects to enhance the quality of used water and produce industrial grade water. Read ››

SAP remains resilient in 3Q, posts 26% revenue jump

Software and Software Related Services revenue in the Asia Pacific-Japan region reached €300 million while total revenue saw a corresponding 20% growth to €365 million. Read ››

Hazy future for Hyflux due to thinning orderbook

The company’s 3Q10 performance exceeded expectations but outlook is dampened because of the project delay in Libya. Read ››

Sembcorp Industries dismisses inactive subsidiary

The utilities and marine group has put SUT Seraya Pte Ltd under Member’s Voluntary Liquidation. Read ››

Hyflux profit jumps 9% to $34mln

Joint venture with Mitsui to capitalise on China’s need to implement effective water resource management. Read ››

Sembcorp's majority stake in Cascal rises to 96.43%

Sembcorp now intends to complete the acquisition of the company by effecting squeeze-out proceedings under the Dutch Civil Code, with the price paid to minority stockholders to be determined by the Dutch Court. Read ››

Cascal to remain neutral on Sembcorp offer

Cascal Board of Directors say stockholders may not realise the value of their shares. Read ››

PUB and Optiqua ink deal for affordable sensor development

The two will team up for a 15-month pilot project aimed at improving water technology. Read ››