Moya Holdings Asia said on Wednesday its subsidiary PT Aetra Air Jakarta (AAJ) and its partner PT Medco Gas Indonesia (MGI) were awarded a project to build a water treatment facility in Indonesia.
The project was put up for tender by Perusahaan Daerah Air Minum Tirta Modal (PDAM), the municipal water company of Semarang City, Central Java, Indonesia, it said in a filing to SGX after the market close on Wednesday.
AAJ and MGI will establish a new project company in Indonesia, with AAJ taking 75 percent and MGI the remainder, it said, adding the project company was expected to sign a cooperation agreement with PDAM by October.
The project is on a build-operate-transfer basis with a 25-year concession period, after the commercial operation date, Moya Holdings Asia said in the filing.
The project includes designing, building, operating, maintaining and transfering of the water supply system, with a new water treatment plant facility with production of up to 1,000 liters a second, a transmission pipeline of up to around 9.1 kilometers, one main reservoir with capacity of 6,600 cubic meters and two distribution reservoirs with capacities of 2,700 and 5,200 cubic meters, it said.
The construction phase will begin by April 2019, with completion expected within two years, it said.
PDAM has around 165,000 customers and serves around 997,000 people, or 61 percent of the population of Semarang City, it said.
MGI, which primarily engages in gas trading and distribution in Indonesia, is a subsidiary of Indonesian Stock Exchange-listed PT Medco Energi International, which is mainly involved in oil and gas exploration and production, it said.