Summary
- PBA Holdings shareholders approve Perak water purchase with 97.9% support.
- RM24.6 billion agreement covers 40 years from 2032.
- Penang to receive at least 300 million litres of treated water daily.
GEORGE TOWN, November 12 โ PBA Holdings shareholders approved a proposed RM24.6 billion agreement to purchase treated water from Perak, with 97.9% voting in favour.
Penang Chief Minister Chow Kon Yeow said the agreement would secure at least 300 million litres daily from March 31, 2032. The 40-year arrangement aims to strengthen Penangโs water security.
Amid rising industrial and domestic demand. Chow said the project remains subject to regulatory approvals, including tariff approval from the National Water Services Commission.
Penangโs daily water consumption is projected to exceed 1,100 million litres by 2032. The agreement allows purchases of up to 500 million litres daily. Perak will finance and develop the infrastructure.
Needed to deliver treated water to Penang. The project includes a dedicated water treatment plant in Perak with a capacity of 500 million litres daily.
The additional supply is intended to reduce Penangโs dependence on Sungai Muda as its primary raw water source.
