World’s largest wastewater service firm is looking to enter Sri Lanka and help modernize the country’s disposal methods.
“We are the single largest wastewater management company in the world, well-known for green-tech, microbiology, biotech and nanotech innovations,” said Indah Water Konsortium (IWK), Malaysia Manager Devan Iyavoo said in Colombo.
Iyavoo is a member of the visiting Malaysian delegation to Sri Lanka.A fifteen member Malaysian delegation led by a VIP-the Political Secretary of Malaysian Prime Minister Shahlan Ismail is in town scouting business and investment opportunities in Sri Lanka.
“We have been entrusted to develop and maintain a modern and efficient sewerage system for all Malaysians. We manage almost the entire sewage network of Malaysia’s 87 local authorities except a few states as well as sewerage in ports.We are the single largest waste water management company in the world, and we are well-known for green-tech, microbiology, biotech and nanotech innovations. IWK’s valuation is close to $1 bn,” said IWK’s Iyavoo. “Since we are well-known for green tech, innovation in microbiology, biotechnology and nanotechnology, we recently secured an MoU with the pan-African inter-governmental agency, “Water Sanitation for Africa (WSA)” to provide sewerage and tech management services in African countries. Since we are a wholly Malaysian government owned firm, partnering with us is far less risky.
We are looking to partner with Lankan wastewater projects and ready to help Lankan urban sewerage modernization as well.”
IWK multinational is wholly owned by MOF (Inc.), which operates under the Malaysian Ministry of Finance. Several Lankan private sector firms engage in wastewater management.