SINGAPORE, March 7 (Reuters) - Singapore water treatment firm Hyflux said on Monday it has been chosen as the preferred bidder to build and run the city state's largest-ever seawater desalination plant. The plant in Tuas is designed to produce 318,500 cubic metres of water per day, the firm said, adding that the water will be supplied to Singapore's national water agency, the Public Utilities Board, at S$0.45 per cubic metre for the first year.
It will be the second such plant in Singapore. Hyflux said it will also be constructing a 411 megawatts power plant to supply electricity to the desalination plant and excess power will be sold to the power grid.
The total cost of the desalination and power plants is S$890 million (US$703 million), and the project is expected to start operations by 2013.
Hyflux had requested a trading halt earlier. (US$1 = 1.266 Singapore Dollars)
[ Reporting by Eveline Danubrata; Editing by Rachel Armstrong ]
[ On Monday 7 March 2011, 16:25 SGT ]
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