SINGAPORE, June 24, 2009 -- His Excellency, Dr Abubakar Awidat, Undersecretary of the General People's Committee for Public Utilities for Libya, visited Singapore with the Libyan delegation to fortify the strong relationship between Libya and Singapore. During his visit, the delegation discussed the collaboration between General Desalination Company ("GDC") of Libya and Hyflux Ltd ("Hyflux"). Hyflux, one of the world's leading providers of integrated environmental solutions, and GDC today signed a memorandum of agreement ("MOA"); giving Hyflux the rights to work with GDC to jointly invest into and develop two reverse osmosis desalination plants in Libya.
These plants will use Hyflux's award winning Kristal™ Ultra Filtration pretreatment membrane and process technology in the production of desalinated water. The parties will work jointly and expeditiously towards the execution of definitive joint venture agreements. It is anticipated that joint venture companies would be formed to develop these plants on a design, build, own, operate and transfer basis.
The two plants are situated in Tripoli and Benghazi, and have estimated daily designed capacities of more than 500,000 m³ and 400,000 m³ respectively. Tripoli and Benghazi are the two largest cities in Libya, which is a country with vast resources, with a coast line of approximately 1,900 kilometers and a population of approximately six million. It has the world's 12th largest oil and gas reserves, and is second only to Nigeria in Africa. Libya will be celebrating its 40th anniversary of the People's Revolution in September 2009.
His Excellency, Dr Abubakar Awidat said, "Libya is thinking of capitalising on this strong relationship between our two countries and increasing the opportunities for collaboration in different disciplines for the benefit of Libya and Singapore. We are very happy to have this MOA signed between GDC and Hyflux. We look forward to the strong partnership between the parties."
Commenting on the MOA, Hyflux Group CEO, President and Managing Director Ms Olivia Lum said, "Hyflux is constantly exploring projects in countries with sustainable water programs that provide us with the opportunity to deliver effective technological applications at unmatched values. We are delighted to collaborate with GDC and are confident in delivering comprehensive and effective seawater desalination solutions to Libya."
General Desalination Company (GDC) is a public joint stock company incorporated under the laws of Libya that is responsible for the management, operation and maintenance of sea water desalination plants in Libya.
Hyflux is committed to providing cost-effective, reliable and sustainable solutions to its customers worldwide, from seawater desalination, water recycling, wastewater and potable water treatment, to renewable resources management in the fields of oil recycling, alcohol fermentation and palm oil clarification.
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