Hyflux trial: Other PUB project bidders also faced power market risks, likely gave discounts, says witness

Business

Hyflux founder Olivia Lum Ooi Lin was completely open and transparent in directing that the Tuaspring Project's financial models be shared with the banks they were seeking loans from, a witness agreed. SINGAPORE: Like Hyflux, other bidders for a PUB desalination plant project likely also offered discounted water prices and were also exposed to risks of the electricity market, a court heard on Wednesday (Sep 3). It was also not unusual for banks to have concerns when evaluating projects seeking