Renexus of Malaysia ready to invest US$ 500m in Pakistan: APP

ISLAMABAD, April 1 (APP): Renexus, a renowned Malaysian company is willing to invest around US$500 million in Pakistan for building water treatment plants on Built, Own and Operate (BOO) basis.This was stated by John Klerr, Executive Chairman of Renexus during his meeting with Acting High Commissioner for Pakistan in Malaysia, Dr. Imtiaz Ahmad Kazi in Kuala Lumpur today.

Renexus deals in water treatment plants, construction infrastructure development and information and communication technology, says a press release received here today from Malaysia.
While giving detaild of the investment proposal, Klerr said that the Renexus was ready to build water treatment plants at various locations in Pakistan, specially in the province of Punjab aimed at providing potable water for public as well for industrial use.
According to the proposal, he said that Renexus will arrange all the required funding to built, own and operate the water plants and sell the water in bulk to the government-related agencies, who in their turn, would effect the distribution to the end user and collect utility charges.
The Acting High Commissioner suggested Klerr to increase the scape of their investment to other areas in the country like Province of Balochistan, Sindh and NWFP and Industrial city of Karachi which are also facing shortage of safe and clean water.

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