Hyflux receives arbitration request for desalination plant in Algeria

Troubled water treatment company Hyflux said on Tuesday that it has received a request for arbitration from Algerian Energy Company in relation to its seawater desalination plant in Algeria.TROUBLED water treatment company Hyflux said on Tuesday that it has received a request for arbitration from Algerian Energy Company in relation to its seawater desalination plant in Algeria.

The Souk Tleta plant marked Hyflux’s entry into the water treatment market in the region. In operation since 2011, it supplies water to Algérienne des Eaux, the state-owned national water company of Algeria, and Sonatrach, the national oil company. Hyflux said the company and the other respondents to the request, TDIC and Malakoff Corporation Berhad, are currently seeking legal advice on AEC’s claims, and will “take all necessary steps to protect their rights”.

Hyflux called the statement “incorrect”, quoting its letter to the Securities Investors Association dated Feb 15, 2019, which said that Ms Lum only received dividends based on her ordinary shareholding in the company from 2007 to 2016 during which the company recorded cumulative profit after tax.

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