Source: New Straits Times | Wednesday March 12, 2008

PUNCAK Niaga Holdings Bhd yesterday announced to Bursa Malaysia that it has been appointed to operate and manage the Sungai Sireh water treatment plant operation for 27 years commencing April 1 last year. The operation and maintenance (O&M) agreement was entered with the Selangor State government on March 7 2008, just a day before the national election. Puncak Niaga in its filing also said that it has entered into a novation agreement with the state government and Syarikat Bekalan Air Selangor Sdn Bhd in relation to the assumption of all the, state government's rights, benefits, liabilities and obligations under the Sungai Sireh O&M Agreement by Syabas.