GEORGE TOWN, Nov 12 — A majority of PBA Holdings Bhd’s shareholders have approved Penang Water Supply Corporation’s (PBAPP) proposal to purchase a minimum of 300 million litres per day (MLD) of treated water from Perak starting in 2032.
PBA Holdings and PBAPP chairman Chow Kon Yeow said PBA has obtained the approval needed to fulfil a condition precedent in the Bulk Water Supply Agreement (BWSA) between PBAPP and Prasarana Air dan Irigasi Perak Sdn Bhd (PAIP).
“At this general meeting, the board of directors’ proposal was approved by a majority vote, with 97.93 per cent voting in favour of PBAPP’s proposed purchase of treated water under the Penang-Perak Water Supply Scheme, as we have announced many times,” he said at a press conference after an extraordinary general meeting attended by shareholders today.
