In a Bursa Malaysia filing, the company said that it obtained the shareholders’ mandate at its annual general meeting held on May 17, 2023, for the project.

It said this was the seventh successive NRW project in Johor it secured via a competitive open tender process since 2011.

“The key performance indicator-based contract will be undertaken over 36 months commencing on Jan 1, 2024, until Dec 31, 2026,” it said.

Ranhill Utilities said the scope of work for the project would address a holistic NRW reduction and management covering several areas including NRW meter and data logger troubleshooting and maintenance, pressure management, and reservoir monitoring and maintenance, among others.

The project would contribute positively to the earnings of the group from the financial year ending Dec 31, 2024, until Dec 31, 2026, it added.