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Malaysian, Hungarian companies sign MoUs and NDAs in water management
Published on: Thursday, September 14, 2017

Kuala Lumpur: Two Malaysian companies signed a memorandums of understanding (MoUs) and non-disclosure agreements (NDA) with a Hungarian renewable energy company, Thermowatt Energy and Building Limited (Thermowatt), here Tuesday.

The two Malaysian companies are Bluewater Partners Sdn Bhd, which signed an MoU and NDA, and Indah Water Konsortium Sdn Bhd (IWK), which exchanged a signed NDA with the Hungarian company.

The agreements signed at the Malaysia-Hungary Water Innovation and Networking Forum, will see collaborations in the area of water resource management and innovation.

At the signing, Bluewater Partners was represented by its Chief Executive Officer (CEO), Datuk Seri Jeff Yap, IWK CEO, Faizal Othman signed on behalf of the company, while Thermowatt Managing Director, Pál Kiss represented his company.

The ceremony was witnessed by Hungarian Ambassador to Malaysia, Attila Káli and Deputy Minister of State for Foreign Economic Relations at the Hungary's Ministry of Foreign Affairs and Trade, Dr Petra Pana.

Kiss told Bernama that the company had developed the technology for cooling and heating large buildings using sewer line eight years ago in Europe.

Noting that the technology has not been used before, he said having had good experiences in warm conditions in Europe led them to the decision to use the technology in other countries.

"Collaborations with Bluewater Partners and IWK are different in nature. With Bluewater Partners, a business-oriented company, we seek the end users to use this technology for energy and heat source saving, electricity saving and of course sewer management.

"As for IWK, it is a very good partner to make the heat source available because the heat source is the sewage.

So, once we want to realise the project, we will check all the availability heat source or sewer network and for this we will work closely with IWK," he said.

The Malaysia-Hungary Water Innovation and Networking Forum was held on the sidelines of the 7th IWA-ASPIRE Conference 2017 and Water Malaysia Exhibition 2017, which was in its third and final day Tuesday.

Meanwhile, Káli in an interview said the forum aimed to introduce Hungarian companies' expertise and experiences in the water sector to Malaysian stakeholders, both the government and private sector.

"Since our embassy reopened in Malaysia more than two years ago, we felt that water management and related aspects such as wastewater treatment, water purification, flood prevention and solutions, can be the areas that will have genuine interests from both sides to work together.

"Today's forum is a good opportunity for us to introduce Hungarian businesses that own hi-tech solutions for several problems that Hungary and many other countries including Malaysia are facing when it comes to water, healthcare, and environment," he said.

Noting that this is the first water agreement between Malaysia and Hungary, he said the signing of the MoUs and NDAs were the first step for the collaborations and that the signatories needed to go into details and deepen their cooperations.

"One of the speakers said that the MoU signing is like an engagement, and now it is the time to proceed with the wedding and the marriage," he added. – Bernama

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