Home News Company in the news

Hyflux to continue O&M contract for Algeria plant on suspended termination notice

Felicia Tan
Felicia Tan7/23/2020 05:32 PM GMT+08  • 1 min read
Hyflux to continue O&M contract for Algeria plant on suspended termination notice
Hyflux says that Tahlyat Myah Magtaa (TMM), the owner of the seawater desalination plant in Magtaa, Algeria, is suspending its termination notice of Hyflux’s operations and maintenance (O&M) contract with the plant.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Hyflux says that Tahlyat Myah Magtaa (TMM), the owner of the seawater desalination plant in Magtaa, Algeria, is suspending its termination notice of Hyflux’s operations and maintenance (O&M) contract with the plant.

The company received a letter dated July 22 saying that it is doing so in view of the continuing discussions among the stakeholders – including Hyflux and TMM – of the desalination plant in Magtaa.

In a July 23, 2020 filing, Hyflux says it first received a notice of termination dated June 4, which specifies that Hyflux Operation & Maintenance Algeria EURL (HOMA) has 40 days to cure certain purported events of default under the O&M contract.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
TAGS
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.