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Hyflux rescue at risk as Singapore threatens to seize water plant

Indonesian savior hints it may cut $380m lifeline if city-state seizes facility

Hyflux's Tuaspring desalination plant is complicating the company's bid for survival. (Photo courtesy of PUB)

SINGAPORE -- The Indonesian conglomerate set to bail out Singaporean water treatment company Hyflux has hinted it may withdraw its support after Singapore's government threatened to take control of a key desalination facility.

At issue is Hyflux's flagship desalination plant, called Tuaspring, from which the government of the resource-poor city-state purchases water. Earlier this month, the Public Utilities Board, or PUB, said it would exercise its right to terminate the purchases and take over the plant if the company could not meet contractual obligations.

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