Thursday 28 Nov 2024
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KUALA LUMPUR (Dec 14): Ranhill Utilities Bhd is undertaking a project under a related party transaction to reduce non-revenue water (NRW) in Johor for RM283.89 million.

The project was awarded by Ranhill’s 80%-owned unit Ranhill SAJ Sdn Bhd to another indirect wholly owned unit Ranhill Technologies Sdn Bhd, following a competitive tender process.

The scope of the project include: establishment of new District Meter Areas (DMA) and re-establishment of existing ones; NRW meter and data logger troubleshooting and maintenance; pressure management; reservoir monitoring and maintenance; water supply system monitoring; meter, valve and pressure relief valve installation; maintenance of DMA monitoring system; repair works; NRW volume and leakage reduction.

The project, which is Ranhill Technologies’ seventh successive NRW project in Johor, will span three years from Jan 1, 2024 to Dec 31, 2026.

After taking such projects in Johor since 2011, the state’s NRW has reduced from over 37% in 2005 to 25.1% as at Nov 30 this year, Ranhill said.  

“Apart from Johor, Ranhill Technologies has successfully secured NRW reduction projects through competitive bidding process in several states such as Melaka, Kedah, Kelantan, Terengganu, Perlis and Pahang,” it added.

“The award of this project is a testament of Ranhill Technologies' capabilities and track records in the water industry.

“The securing of this project further solidifies Ranhill Technologies’ reputation throughout Malaysia as a leader in holistic water network management and specifically the NRW reduction sector,” it added.

Shares of Ranhill settled half a sen or 0.56% lower at 88 sen, giving the utilities group a market capitalisation of RM1.14 billion.

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