Might 24 (Renewables Now) – Malaysian electrical energy know-how group Pestech Worldwide Bhd (KLSE:PESTECH) and French hydrogen specialist Hydrogene de France SA (EPA:HDF) have signed a memorandum of understanding (MoU) to discover mutual involvement in inexperienced hydrogen initiatives in South East Asia.
Their focus shall be on the inexperienced hydrogen manufacturing from hydroelectric crops in Cambodia and Malaysia, Pestech mentioned.
In an preliminary part, the businesses will collectively cooperate on undertaking improvement within the two international locations. HDF Power, being a developer of proprietary hydrogen energy crops, will take the lead on the undertaking improvement scopes and sizing. Pestech will act as native market liaison and coordinator in synergies with the French accomplice, the Malaysian group mentioned.
Pestech may also be given the primary proper of refusal relating to the engineering, procurement, building and commissioning works of every undertaking. This proper will rely upon bankability standards set to be confirmed by worldwide and native lenders at later stage, Pestech defined.
The MoU shall be in impact for 3 years, and the companions could agree to increase it.