Selangor Water Saga
1995
Water treatment plants are privatised to Puncak Niaga Holdings Bhd (PNHB).
1996
Puncak Niaga, Konsortium Abass Sdn Bhd and Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) are given lucrative components of processing and treatment of raw water to be sold to PUAS.
March 2002
PUAS, which remains under the state, absorbs the distribution, pipeline maintenance, and billing function. It also absorbs losses from non-revenue water, non-payment of bills, and maintenance of distribution system (replacement of pipes and repair of leakages).
December 2004
Selangor privatises PUAS to Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) under a 30-year concession.
January 2005
Syabas begins to manage water distribution in Selangor and the Federal Territories of Kuala Lumpur and Putrajaya.
June 2008
The Water Services Industry Act 2006 (Wasia), which pushes for the restructuring of the water sector, comes into effect.
February 2009
Selangor makes its first offer to all the water concessionaires to dispose of their assets to the state amounting to RM5.7bil. But the offer is rejected.
June 2009
The Selangor state makes a second offer, inclusive of liabilities, for a total of RM9.22bil, to Abass RM946mil, Puncak Niaga (RM1.94bil), Syabas (RM3.36bil) and Splash (RM2.97bil).
December 2009
Syabas and Puncak Niaga decline the state’s offer, while Splash accepts.
March 2010
Pengurusan Aset Air Bhd (PAAB) makes an “informal offer” to acquire all the water assets for RM10.3bil. Subsequently, Gamuda via Splash has in the same month made an RM10.75bil offer to the federal and state governments to take over the state’s water concessionaires.
February 2013
Selangor makes an offer via investment arm Kumpulan Darul Ehsan Bhd (KDEB) to concessionaires at RM9.65bil.
February 2014
Federal government and the Selangor government sign a memorandum of understanding to resolve the Selangor water assets takeover.
March 2014
Three water concessionaires – Syabas, Puncak Niaga and Splash – decline the RM9.65bil offer by the Selangor government. Konsortium Abass accepts.
October 2015
After years of deadlock, concessionaire PNHB sells its water assets – Puncak Niaga (M) Sdn Bhd and Syabas – to Pengurusan Air Selangor Sdn Bhd for RM1.56bil. Splash is the last piece of the puzzle in Selangor’s water-consolidation exercise.