Hyflux calls off SM Investments rescue deal, cancels proposed scheme meetings

In a hurricane twist of events, the US$530 million rescue deal from SM Investments to save embattled water treatment firm Hyflux is now off the table.

Hyflux announced the cancellation of the scheduled scheme meetings on April 5 and 8 in a regulatory filing on Thursday noon, just days before the proposed meetings were supposed to happen.

Due to the cancellation of the scheme meetings, shareholders also need not attend the extraordinary general meeting scheduled after the scheme meetings on April 15, the firm said in the statement.


PUB gives Hyflux’s Tuaspring till April 30 to cure defaults

NATIONAL water agency PUB said on Friday that it has acceded to the request of Hyflux subsidiary Tuaspring Pte Ltd (TPL) for more time to cure its defaults. The default notice period has been extended from April 5 to April 30, subject to conditions.

PUB said TPL had written to it on Wednesday, requesting for the deadline to be pushed to the end of April.

The national water agency said in a statement on Friday: “TPL noted that it is currently loss-making and will require financial support from Hyflux.

However, Hyflux’s ability to provide financial support will depend on whether it is able to complete its restructuring and to obtain the investment from SM Investments.”


Singapore’s water agency to take over Hyflux’s Tuaspring plant if defaults not resolved – Singapore

Singapore’s national water agency PUB on Tuesday issued a default notice to embattled water treatment firm Hyflux’s wholly-owned Tuaspring for failing to keep its desalination plant in a ‘reliably operational’ mode as required under the Water Purchase Agreement.

PUB warned that it would take control of Tuaspring if defaults are not resolved in about a month’s time.

Hyflux’s Tuaspring will now have a 30-day deadline from March 6th to remedy any defaults from the agreement between the firm and the government.


Hyflux suspends contract for desalination package in Iran – Iran

Water treatment firm Hyflux has suspended a contract for a plant in Iran – a move that is expected to have a material adverse effect on its financial performance.

The contract was signed in April between a Hyflux unit and Iran’s Asia Water Development Engineering Company (AWDEC) for a seawater reverse osmosis desalination package in Bandar Abbas.


Toray enhances RO technology.

The membrane was launched in April and showcased at the recent Singapore International Water Week (SIWW). It features low fouling characteristics at low operating pressure to deal with a range of foulants.

The company says that the TLF-400DG has 30% higher permeability compared with current models and has higher resistance to membrane fouling, which reduces the need for frequent cleaning and extends membrane life. Its durability against cleaning chemicals prevents damage during membrane cleaning, and the lower feed pressure also reduces power consumption.



Nanyang Technological launches first 3D-printing plant for water filtration membranes.

Nanyang Technological University announces launch of a 3D-printing facility to manufacture a new type of water treatment membrane. Made from millions of nano fibers layered on top of each and compressed into a thin membrane, the new membrane requires less maintenance and is more cost efficient. It is more resistant to breakage and bio-fouling.

Nanyang Technological University, Singapore (NTU Singapore) recently announced that Nano Sun, a water technology start-up founded by a scientist from NTU, has launched a 3D-printing facility to manufacture a new type of water treatment membrane.



PUB and research partner to reduce energy consumption of seawater desalination.

To meet Singapore’s water needs and reduce the energy costs of treating seawater, national water agency PUB and its research partner Evoqua Water have announced a new process that can potentially reduce the energy consumption of seawater desalination by half.

Currently, up to 30 per cent of Singapore’s water needs is desalinated by reverse osmosis, a process which pushes seawater through membranes that filter out dissolved salts and minerals.



High-water mark for new Tuas plant.

The Tuas Desalination Plant is the world’s most space efficient in terms of the amount of water it can purify for its size, said national water agency PUB.

At 3.5ha, it is the smallest of the country’s desalination facilities, yet it produces 30 million gallons of drinking water a day, the same amount as SingSpring Desalination Plant, which is almost double its size.

It took two years to build and opened officially yesterday. And now that it is running, 30 per cent of Singapore’s water supply can be met through desalination.



Water issue still rankles Dr M, but agreement is binding, say experts.

Tun Dr Mahathir Mohamad’s latest remarks on the water issue shows that the matter which was a source of conflict between Singapore and Malaysia during his first stint as Malaysia’s prime minister continues to be foremost on his mind, most experts who spoke to TODAY said.

However, Bilahari Kausikan, Singapore’s former Permanent Secretary for Foreign Affairs, said that the latest comments from the political veteran could be a “diversionary tactic” to make the Singapore government look unreasonable, in the hope that this will help Malaysia’s position should it ask for a waiver or reduction of the compensation owed to Singapore in cancelling the high-speed rail project undertaken by both sides.



ST Engineering’s Marine Arm Forms JV with Tuas Power to operate and maintain desalination plant.

ST Marine’s initial capital injection for its 40% equity in the paid-up capital of the TP-STM Water Services Pte Ltd is S$8,400. This JV company is set up to undertake operations and maintenance of Singapore’s fifth desalination plant on Jurong Island for a concession period of 25 years from 2020.

Separately, ST Marine and Tuas Power had also formed a 40:60 Engineering, Procurement and Construction consortium that has since commenced preliminary design work for the desalination plant.