December 5, 2006
Jakarta (ANTARA News) - Singapore-based Aquatico Pte Ltd. said on Tuesday it will invest US$15 million in Thames PAM Jaya (TPJ) if PT PAM Jaya and the Jakarta administration approve its plan to buy Thames Waters` 100 percent stake in TPJ.
"We will use the US$15 million in fresh fund to build water processing installations to produce drinkable water and new pipelines," said Rosan P Roeslani, president director of PT Recapital Advisor which owns Aquatico.
He said Aquatico was waiting for the green light from the Jakarta governor and PAM Jaya to buy the shares.
Aquatico is the winner of a limited tender for Thames` 100 percent stake in TPJ.
Thames sold its stake following the decision of its headquarters in London to focus on Europe and Amerika. Consequently, it must sell all its stakes in Asia including Thailand, China, and Indonesia.
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