Moya Holdings Asia, in a consortium with PT Pembangunan Perumahan (Persero), has been awarded some that were put up for tender by Badan Pengusahaan Batam or BP Batam which is the Batam Free Trade Zone and Free Port Authority, an Indonesia government agency.
These projects include the operation and maintenance of the upstream water supply system and downstream water supply system in Batam. The projects will have a 15-year concession period after the handover date of operation and maintenance from BP Batam. The scope of the upstream project consists of the operation and maintenance of the production unit from six water treatment plants up to the bulk water delivery points, including the distribution pumps; operation and maintenance of the raw water facilities including basin, dam and auxiliary buildings as well as raw water transfer pump stations; and conservation of the raw water catchment area.
The scope of the downstream project consists of the operation and maintenance of the distribution pipe network from the bulk water delivery point in reservoirs to end costumers; and management of water loss.
For the purpose of each project, Moya and its consortium partner will establish two joint ventures in Indonesia, with Moya having a 60% stake.
At present, the water supply system in Batam has around 291,000 customers, served by six water treatment plants, with total capacity of 3,600 litres per second and more than 4,200 kilometres pipe network, serving the 1.3 million population in Batam.
Moya says it expects the projects to further expand and strengthen its business in the water treatment industry in Indonesia. The projects are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share for the year ending Dec 31, 2022.
