TuasOne Expected to Be Operational In Jan 2021, Says NEA

Embattled water treatment firm Hyflux's TuasOne waste-to-energy facility is expected to be operational in January 2021, said the National Environment Agency (NEA), The Straits Times reported. The agency said it has been monitoring discussions among the stakeholders of the TuasOne project and "is supportive of the stakeholders' actions taken to complete the project expeditiously". Hyflux said in a bourse filing yesterday that the new agreement to ensure continued funding for the TuasOne waste-to-energy project will have an "overall material adverse impact" on Hyflux's financial performance. The home-grown firm has found itself saddled by a mountain of debt after it expanded into the energy business through water and power plant Tuaspring, which has since been taken over by national water agency PUB. Read more