Indonesian Political, Business & Finance News

TPJ to stay in Jakarta

| Source: JP

TPJ to stay in Jakarta

JAKARTA: PT Thames PAM Jaya (TPJ), a subsidiary of Britain's
Thames Water International, stated on Thursday that the water
company would not pull out of Jakarta as reported by the media
recently following a meeting between British Ambassador to
Indonesia Richard Gozney and Vice President Hamzah Haz.

TPJ president director John Trew said in a press release that
although the company was facing serious business challenges, he
was hopeful that solutions could be found.

"We are losing approximately US$1 million per month and it's
been like this for several years. We have suffered about US$58
million in total losses and this figure is rising by the month,"
he said.

TPJ had invested Rp 552.6 billion (US$65 million) in its
operation, which supplies tap water to 64 percent of the total
population in the eastern part of the capital.

Illegal connections, non-revenue water, water theft and the
deteriorating quality of raw water due to pollution and turbidity
had been the main problems facing the company. -- JP

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