Manila Water Asia Pacific signs MOU for a demonstration project on leakage reduction in Bandung City, Indonesia
Manila Water Asia Pacific Pte. Ltd. (MWAP), the company’s wholly owned unit in Singapore, recently signed a Memorandum of Understanding (MOU) with PDAM Tirtawening Kota Bandung, a water utility company owned by the city government of Bandung for a demonstration project to reduce water system losses in Bandung, the capital of Indonesia's West Java province.
The execution of the MOU last November 6 is in line with Manila Water’s strategic objective to pursue expansion projects and investments outside of the East Zone service area. According to the disclosure to the Philippine Stock Exchange, this undertaking may pave the way for the implementation of other projects for the development of water services in the city in accordance with Indonesian laws and regulations.
Recently, MWAP also acquired a 24.5 percent stake in another Vietnamese water firm, Cu Chi Water Supply Sewerage Co. Ltd., a water company in Vietnam, to engage in a BOO project to develop and operate the water supply system in Cu Chi district.