Hyflux subsidiary inks deed of novation for AWDEC desalination package

Hyflux will be discharged from all rights, duties, obligations, claims and demands under the deal.

Hyflux International Pte Ltd (HIPL), a subsidiary of Hyflux, has entered a deed of novation of a contract in Iran with Asia Water Development Engineering Company (AWDEC) away from HIPL to Horsol Switz Engineering Asia, an SGX filing revealed.

AWDEC have “irrevocably and unconditionally releases and discharges HIPL from all rights, duties, obligations, claims and demands” under the said contract. HIPL last entered a deal with the said firm for the design, manufacture and supply of seawater reverse osmosis desalination package in Bandar Abbas, Iran in April 2018. The contract was later suspended in October 2018.

This follows after Hyflux inked a rescue deal with UAE-based utility firm Utico.