| PUB issues default notice to Tuaspring to safeguard water security | 191 | https://www.pub.gov.sg/news/pressreleases/PUBissuesdefaultnoticetoTuaspringtosafeguardwatersecurity | PUB issues default notice to Tuaspring to safeguard water security | 4/3/2019 4:00:00 PM | | | Issue Date | Press Release | About PUB, Singapore’s National Water Agency | Find out more about us | | | | | | | | | | | | | | | | | | <p><strong>Singapore, 5 March 2019</strong> – PUB, Singapore’s National Water Agency, has issued a default notice to Tuaspring Pte Ltd (TPL) to remedy defaults arising under the Water Purchase Agreement (WPA) between PUB and TPL.</p><p>2 PUB notes that TPL has been unable to fulfil various contractual obligations under the WPA, in particular, by failing to keep the plant reliably operational as required. In addition, TPL has not been able to produce financial evidence to demonstrate its ability to keep the plant running for the next six months.</p><p>3 In 2011, PUB signed a 25-year WPA with TPL (a wholly-owned subsidiary of Hyflux Ltd), for Singapore’s second and largest desalination plant, which is one of the three desalination plants currently in Singapore. Desalinated water is one of Singapore’s four national taps, to ensure a diversified and sustainable water supply. Singapore’s desalination plants are integral to our water security.</p><p>4 Under the WPA, TPL has to deliver up to 70 million gallons of desalinated water per day to PUB for a 25-year period from 2013 to 2038.</p><p>5 PUB has provided sufficient time for TPL to resolve its operational and financial defaults. Given TPL’s current financial position, TPL’s inability to fulfil its contractual obligations is unlikely to change in the immediate to longer term. PUB is taking steps to ensure that our water security is safeguarded. With the issuance of the default notice, PUB requires TPL to fully resolve all defaults within the default notice period, failing which, upon the expiry of the default notice period, PUB will exercise its right to terminate the WPA and take control of the plant.</p> | <p>PUB is a statutory board under the Ministry of the Environment and Water Resources. It is the national water agency, and manages Singapore’s water supply, water catchment and used water in an integrated way.</p><p>PUB has ensured a diversified and sustainable supply of water for Singapore with the Four National Taps (local catchment water, imported water, NEWater, desalinated water).</p><p>PUB calls on everyone to play a part in conserving water, in keeping our waterways clean, and in caring for Singapore’s precious water resources. If we all do our little bit, there will be enough water for all our needs – for commerce and industry, for living, for life.</p> | <p><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;">Like us at </span><a href="http://www.facebook.com/PUBsg" style="color:#2196f3;font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;background-color:#ffffff;">www.facebook.com/PUBsg</a><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"> </span><br style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;">Follow us on </span><a href="http://www.instagram.com/PUBsingapore" style="color:#2196f3;font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;background-color:#ffffff;">www.instagram.com/PUBsingapore</a><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"> and </span><a href="http://www.twitter.com/PUBsingapore" style="color:#2196f3;font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;background-color:#ffffff;">www.twitter.com/PUBsingapore</a><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"> </span><br style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;">Subscribe to our channel at </span><a href="http://www.youtube.com/sgPUB" style="color:#2196f3;font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;background-color:#ffffff;">www.youtube.com/sgPUB</a><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"> </span><br style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;">For our latest event photos, visit </span><a href="http://www.pinterest.com/PUBsg" style="color:#2196f3;font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;background-color:#ffffff;">www.pinterest.com/PUBsg</a><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"> </span><br style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;">Download our mobile apps: MyWaters fo</span><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;">r </span><a href="https://itunes.apple.com/sg/app/mywaters/id533051315?mt=8" style="color:#2196f3;font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;background-color:#ffffff;">iOS</a> or<span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"> </span><a href="https://play.google.com/store/apps/details?id=com.codigo.pub.mywaters&hl=en" style="color:#2196f3;font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;background-color:#ffffff;">Android</a><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"> </span><br style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;"><span style="font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;">Visit our website at </span><a href="http://www.pub.gov.sg/" style="color:#2196f3;font-family:roboto-regular-webfont;font-size:18px;line-height:30.24px;background-color:#ffffff;">www.pub.gov.sg</a></p> | | | | | | | | | | | | | | | | |
