Memiontec Holdings, on Jan 10, announced that it has commenced the production and sale of treated water at 200 litres per second (LPS).
The water will be sold to customers located nearby via Perusahaan Daerah Air Minum (PDAM).
Memiontec Holdings is working on construction for the Pekan Baru BOOT Project, which involves the rehabilitation and upgrading of the existing water treatment facility at the same time.
Upon completion of the construction work, the output capacity of the Pekan Baru BOOT Project will increase from an existing volume of 200 LPS to 500 LPS.
Another new water treatment facility under the Pekan Baru BOOT Project with an output capacity of 250 LPS will be constructed and it is expected to be completed in 2026.
On Nov 3, 2020 and Dec 17, 2020, Memiontec Holdings had announced the win of a tender for the Pekan Baru BOOT Project, by a consortium of companies comprising amongst others, PT Memiontec Indonesia (PT MI) and the incorporation of a joint venture company, PT PP Tirta Madani (PT PPTM) in Indonesia, for purposes of undertaking the Pekan Baru BOOT Project.
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The Pekan Baru BOOT Project relates to the supply of a drinking water treatment plant in Pekan Baru, Riau, Indonesia with a total design capacity of 750 litres per second.
Separately, Memiontec Holdings’ Hutan Kota BOOT Project has entered into Phase 2 of production, and it is currently producing and selling water at its 100% design capacity of 450 litres per second.
This represents an increase from production and sale of water at its 70% design capacity in the first half of 2021.
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“Working in close collaboration with our consortium partners, we have navigated the challenges of the Covid-19 pandemic to commence the sale of water as planned,” says Tay Kiat Seng, Memiontec’s Executive Director and Chief Executive Officer.
“Memiontec has built a strong track record of water treatment solutions and execution in Indonesia,” Tay adds. “As the Indonesia government aims to achieve universal access to safe water in urban areas, we are actively working to build on this momentum to offer more innovative and cost-effective water solutions within Southeast Asia’s largest economy.”
The group’s order book as at Nov 30, 2021 was $84 million.
Shares in Memiontec Holdings closed flat at 68 cents on Jan 10.
Photo: Memiontec Holdings
