KUALA LUMPUR: Ranhill Holdings Bhd’s (Ranhill) unit, SAJ Holdings Sdn Bhd (SAJ), has inked a Memorandum of Understanding (MoU) with Indah Water Konsortium Sdn Bhd (IWK) to jointly review the billing exercise for the implementation of water supply and sewerage services in Johor.
In a filing to Bursa Malaysia today, Ranhill said the joint review was the immediate phase of pursuing the integration of water supply and sewerage services in Johor, excluding Johor Bahru and Pasir Gudang, which are currently managed by the respective city councils.
“The company’s proposed initial phase of the joint billing exercise, is to have a combined bill incorporating the prevailing water supply tariff and sewerage tariff rates in a single bill, with an agreed fee payable to SAJ by IWK, for every joint bill issued by it,” it added.
It said the MoU would not have any material effect on the issued and paid up share capital, net tangible assets and earnings of the company for the financial year ending Dec 31, 2016.
Meanwhile, in a separate statement today, Ranhill president and chief executive officer Tan Sri Hamdan Mohamad said the joint billing exercise would focus on the provision of sustainable, cost-effective and socially responsible water treatment supply and sewerage services.
“As implemented in Labuan in March this year, the joint billing will not increase charges to consumers.“Instead, it will help them better manage their bills payment through one consolidated billing,” he added.
SAJ is the sole licensee for water treatment and distribution in Johor pursuant to the licence issued by the National Water Services Commission Malaysia.– BERNAMA