(The Malaysian Insider) - While all eyes have been upon a reported H2O predicament in Selangor, aristocrat Tan Sri Syed Mokhtar Al-Bukhary's MMC Corp Bhd has eyes upon Johor's H2O assets.
Two weeks ago, MMC handling executive Datuk Hasni Harun disclosed a joint-venture understanding to take over Johor's top H2O concessionaire Aliran Ihsan Resources Bhd (AIRB). The conglomerate would be forming a special car with Pengurusan Aset Air Bhd (PAAB), a wholly-owned association under a Minister of Finance Incorporated,The Edge Financial Dailyreported.
AIRB is 62.82 per cent-owned by MMC as well as is a third-largest retailer of treated with colour H2O in a country.
The understanding is estimated to be worth RM181.12 million, an additional paper,Business Times, had reported earlier this month.
"Yes, there was a presentation as well as they do have such skeleton (to take over a H2O assets), though a proposals have not been suspicion by yet... there's still a lot of grey areas,"The Edge Financial Dailyquoted an unnamed supervision official as saying.
But a paper additionally cited some supervision officials as observant MMC could be facing roadblocks in realising its devise as its proposal ran opposite to PAAB's aim, which is H2O item nationalisation.
"It is not easy for MMC to venture in to a H2O zone after PAAB was since a mandate to rise as well as manage a country's H2O assets. It will be a step backwards, after a privatised (water assets) were paid for behind by PAAB usually a while ago,"The Edge Financial Dailyquoted an additional supervision official as saying.
PAAB was shaped in 2006 to regulate a diagnosis as well as supply of H2O nationwide, which had previously been tranquil by any respective state government.
The ! Edge Fin ancial Dailyreported too which in states where a H2O services had been privatised, assorted problems had cropped up, impacting operations.
The ultimate is Pakatan Rakyat-governed Selangor, where H2O diagnosis as well as supply appears to have become a domestic emanate in a run-up to national polls due soon, with a resource being handled by Syarikat Bekalan Air Selangor (Syabas), a association majority-controlled by Tan Sri Rozali Ismail, who is additionally Selangor Umno treasurer.
Syabas has warned of an impending H2O shortage in Selangor due to a lack of a diagnosis plant though a state supervision has alleged which it is a made crisis.
Putrajaya has shaped a special Cabinet committee, which is assembly today, chaired by Deputy Prime Minister Tan Sri Muhyiddin Yassin, to discuss a emanate of a accessibility of treated with colour H2O as well as a need for an additional diagnosis plant which will be ready at least dual years down a road.
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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