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30 Large Companies in Selangor And Loss as a result of the Malaysian - Water Crisis

KUALA LUMPUR : up to 30 companies in Selangor large losses as a result of a water supply crisis earlier this year, according to Deputy Minister of energy, green technology and water Minister Datuk Seri Mahdzir Khalid.

According to him, information from the Malaysian Investment Development Authority (MIDA) shows the company involved including Nestle, which suffered losses RM15 million a day and Monin Asia (RM112 million a month) while the Panasonic had to give most worth RM40 million.

He was speaking in the House of Commons today when answering questions Datuk Wan Mohammad Khair-il Anuar Wan Ahmad (BN-Kuala Kangsar) who wanted to know the impact of water crisis in Selangor to the finance and national economy.

The Malaysian said big losses also suffered several industries such as food processing and beverage industry, chemical/rubber, Oleochemicals, electrical and electronics, tourism as well as small and medium enterprises.

"Some factories have to cancel most but some are forced to move operations temporarily to other areas including overseas," he said.

The Malaysian said water supply crisis has caused water distribution carried out scheduled for about three months starting March 2010.

He said water supply crisis in the Klang Valley since 2012 also result in approval for 855 application for planning permission to be postponed.

"A lot of development projects could not be implemented according to the plan, investors in Selangor and Kuala Lumpur," he said.
He expects the situation will recover by the year 2017 upon completion of the project water treatment plant (LRA) Langat 2.

Langat 2 project pending since 2008 continue past after the end of April the Government of Selangor agrees to issue the truth after the memorandum of understanding signed between the State Government and the Federal Government on 26 Feb 2010.
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