Hyflux has quit a contract with Saudi Arabia’s Saline Water Conversion Corporation (SWCC) for three seawater reverse osmosis (SWRO) plants, amid moves to restructure the company.

The contract to design, build, supply, test, and commission SWROs in Duba, Wajh, and Haql, in the west of Saudi Arabia, was terminated with mutual agreement after SWCC requested to change the project to a build, own, transfer (BOT) model.

Hyflux, which is poised to begin a reorganisation of its debt, chose not to continue because it would have been required to invest capital into project development. Hyflux received $3.5 million in payment from SWCC for work done.