Penang chief minister Chow Kon Yeow said Perak's water supplier has until 2035 to secure SPAN's approval for the charges. (Johnshen Lee pic)GEORGE TOWN: Penang can walk away from its RM24.6 billion deal to buy treated water from Perak without paying compensation if the agreed charges are not approved by federal regulators, says chief minister Chow Kon Yeow.
He said the 40-year agreement was still subject to approval of the agreed charges by the National Water Services Commission (SPAN).
His assurance comes after five independent directors of PBA Holdings Bhd (PBAHB), Penang’s Bursa-listed water company, raised concerns over payments that could still be due if water supplies from Perak were disrupted.
