MALAYSIAN COMPANY READY WITH $500M FOR WATER TREATMENT PLANTS
Apr 5 - 11, 2010
Renexus, a renowned company of Malaysia dealing in water treatment plants, infrastructure developments and technology, has shown interest in investing around US$500 million in Pakistan for building water treatment plants on Built, Own and Operate (BOO) basis.
This was stated by John Klerr, Executive Chairman of Renexus during his meeting with Acting High Commissioner for Pakistan in Malaysia Dr Imtiaz Ahmad Kazi in Kuala Lumpur, says a message received from Pak High Commission in Malaysia.
About the investment proposal, Klerr said the Renexus was ready to build water treatment plants at various locations in Pakistan, especially in Punjab aimed at providing potable water for public as well for industrial use.
According to the proposal, he said that Renexus will arrange all the required funding to build, own and operate the water plants and sell the water in bulk to the government-related agencies which would be the utility charges collection authorities.
The Acting High Commissioner suggested Klerr to increase the scope of their investment to other areas in the country like Balochistan, Sindh and NWFP and industrial city of Karachi which are also facing shortage of safe and clean water.
Klerr also said that Renexus is interested to embark on mass housing schemes on BOT-basis in identified areas of Pakistan provided that sovereign guarantees are given to them to ensure security of their investments.
Executive chairman said Renexus has the expertise and capabilities to construct a model township with 20,000 units equipped with green technology and modern amenities such as recreational facilities, shopping areas, sewerage and waste management facilities, mosque, playing ground, communication and transportation network.
He said once first experiment is approved, Renexus can build 100,000 housing units in Pakistan within five years to help Pakistan to overcome the acute shortage of housing.
He also informed that Renexus was in touch with the state government of Perak, Malaysia to construct a modern automated standard abattoir in Pakistan in order to provide bulk supply of Pakistani mutton and beef to Malaysia, which is a big market for such products. The Acting High Commissioner appreciated the initiatives and prospects envisioned by the Renexus as very useful and mutually beneficial. He assured the executive chairman that the High Commission will communicate Renexus proposals to the concerned quarters in Pakistan.