Tuesday, March 18, 2014
The Ayala group is following through its foray into the overseas water business as its utility unit has signed a memorandum of understanding with a local government in Myanmar to help the latter reduce water losses.
Along with long-time Ayala partner Mitsubishi Corp., also a signatory to the MOU, Manila Water Co. Inc. was tapped to develop a proposed project on non-revenue water reduction for the Yangon City Development Committee (YCDC).
Non-revenue water refers to the volume from which a utility does not earn because the liquid is lost due to leaking pipes and illegal connections or because of inaccurate metering.
Read more: http://business.inquirer.net/166388/mwc-partner-bag-myanmar-project#ixzz2wHtOveUY
Mar 18, 2014
MWC, partner bag Myanmar project
