Finance, Virgin Islands
Barclays backs US$ 43 million Biwater British Virgin Islands project
Barclays Corporate and Investment Banking has awarded a two-tranche, US$43 million finance facility to Biwater to fund the construction of a seawater desalination, water storage and wastewater plant on Tortola - the largest and most populated of the British Virgin Islands.
Biwater gets Barclays backing for Caribbean SWRO plant
A Caribbean water and wastewater project, including a 10,400 m³/d seawater desalination plant, has received financial backing worth US$ 43 million from Barclays, backed by a UK Export Finance Guarantee.
Biwater completes Virgin Islands desalination plant
Water technology company, Biwater, has started full commercial operation of a new 10,400 m³/day reverse osmosis seawater desalination plant constructed by the firm on the island of Tortola in the British Virgin Islands.
US Virgin Islands SWRO plant officially opened
The newest seawater reverse-osmosis desalination facility in the US Virgin Islands was officially opened on 21 November 2013.
CaribDA calls for 2014 conference papers
The Caribbean Desalination Association (CaribDA) has issued a call for papers for its Biennial Conference & Exposition in June 2014.
Consolidated signs BVI desalination water sales agreement
Consolidated Water Co Ltd announced on 8 March 2010 that its affiliate, Ocean Conversion (BVI) Ltd (OC-BVI) and the British Virgin Islands government had signed a contract for the purchase of water by the government from OC-BVI's desalination plant located at Bar Bay, Tortola.
Biwater Tortola SWRO on 16-year BOOT basis
UK contractor Biwater has informed D&WR that its contract for supply of a desalination plant for the Caribbean island of Tortola will be on a build‑own‑operate‑transfer (BOOT) basis.
Consolidated Water lines up Mexican mega-project
The Playas de Rosarito seawater RO desalination mega-plant project has been six years in the making. It began as a twinkle in Consolidated Water's eye even before Mexico had introduced its new public-private partnerships law, but the act's introduction in 2012 gave the project a clear structure for moving ahead.
California board offers low-interest water‑reuse finance
California's Water Resources Control Board (WRCB) has approved new low-interest financing terms for water-recycling projects that can be completed within three years of governor Jerry Brown's drought declaration on 17 January 2014.
Malakoff ties up Al Ghubrah desalination finance
Malakoff Corporation Berhad announced on 26 July 2013 that it had signed the financing agreements of the 42 MIGD (191,000 m³/d) Al Ghubrah independent desalination project in Oman.
Billiton clears finance for 216,000 m³/d Chile desalination
An investment of US$ 1,972 million was approved by mining giant BHP Billiton on 25 July 2013 for its 216,000 m³/d seawater desalination plant in Escondida, Chile.
Arizona RO plant opens solar-energy system
A 459 kW photovoltaic (PV) solar power system has been completed at the Reverse Osmosis Water Treatment Facility for the Town of Gila Bend, Arizona, by Solon Corporation, the company announced on 13 February 2013.
Qingdao desalination plant starts commercial operation
Spanish company Abengoa has begun commercial operations at the 100,000 m³/d desalination plant in Qingdao in Shandong province, the second largest commercial port in northern China.
Hyflux looking for Tuaspring desalination finance
Singapore desalination provider Hyflux Ltd announced on 11 January 2013 that it was starting financing discussions for the Sing$ 1.05 billion (US$ 855 million) Tuaspring Desalination Plant in Singapore.
Work on Carlsbad should start early in 2013
Work on the 189,000 m³/d Carlsbad seawater reverse-osmosis desalination plant is expected to start early in 2013, following approval by the board of the San Diego County Water Authority (SDCWA) on 29 November 2012 of the water-purchase agreement between SDCWA and Poseidon Resources, developers of the desalination plant.
Almogordo mobile desalination project in train
A mobile desalination facility to treat 4,000 acre-ft per year (af/y) (4.9 million m³/y) near Almogordo, New Mexico, moved closer to realisation when the City Commission approved an approach for a US$ 2.7 million loan/grant from the New Mexico Finance Authority on 1 November 2012.
Loans for Texas town proposing direct potable reuse
The Texas Water Development Board (TWDB) on 20 September 2012 approved loans totalling US$ 12 million to the City of Brownwood from the Texas Water Development Fund to finance wastewater system improvements, including possible direct potable wastewater reuse (DPR).
Carlsbad desalination agreement to be published soon
A proposed purchase agreement for water from the Carlsbad Desalination Plant will be released to the public later in August, the San Diego County Water Authority (SDCWA) announced after a special meeting of the board on 9 August 2012.
Sydney desalination plant may not restart for 3 years
Sydney's 250,000 m³/d desalination plant is to be switched off on 1 July 2012 and may not be restarted for three years.
SDCWA considered Carlsbad desalination size reduction
Some of the thinking of the San Diego County Water Authority (SDCWA) about the ongoing negotiations over the purchase of water from the Carlsbad desalination plant were revealed at a special board of directors meeting on 14 June 2012.
Desalination / reuse part of large EIB loan to Spain
Desalination plants, water-reuse schemes and connections from them to water networks will be among schemes funded by a € 350 million loan from the European Investment Bank (EIB) to the Spanish government agency Acuamed.
Financial meetings held over Gaza desalination project
The Union for the Mediterranean (UfM) announced on 18 January 2012 that a delegation headed by deputy secretary general Rafiq Husseini visited Kuwait and Saudi Arabia during the previous week to present the Gaza water desalination project to financing institutions.
Ashdod desalination financing agreement signed
A financing agreement Tuesday to build and operate the Ashdod desalination plant in Israel for 25 years was signed on 13 December 2011 by a subsidiary of state-owned national water company Mekorot.
Djibouti 'planning desalination plant with EU aid'
The government of Djibouti in east Africa is planning to build a 45,000 m³/d desalination plant with European Union (EU) finance, according to a report in Gulf News on 4 December 2011.
Lessees sought for Sydney desalination plant
The government of the Australian state of New South Wales (NSW) has called for registrations of interest (ROIs) for the long-term lease of Sydney's three-year-old 250,000 m³/d desalination plant.
GES takes control of Palmachim desalination plant
Global Environmental Solutions Ltd (GES) will take control of Israel's Palmachim seawater desalination plant after its acquisition of the 28% stake in the plant's facility company, Via Maris, previously held by Tahal Group International BV.
Palmachim only Israeli desalination plant to agree extension
Only one of the three existing large desalination plants in Israel asked to submit proposals to the government for increasing their output has come up with an offer.
CalAm seeks resolution of Monterey desalination finances
California American Water (CAW) has invoked a disputes procedure in continuing wrangles with its partners in the proposed Monterey Regional Desalination Project.
Ashdod desalination agreement finally signed
The agreement was finally signed in Israel on 8 August 2011 to establish Israel's fifth large seawater desalination plant at Ashdod through Mekorot Development & Enterprise, a spinoff of the national water agency.
Ashdod desalination plant gets financial approval
Israel's Ministerial Tender Committee for Desalination, under the Finance Ministry, announced on 7 July 2011 that it had accepted the proposal from national water company Mekorot to build the seawater desalination plant in Ashdod.
Groundbreaking follows Singapore II desalination finance deal
A day after Hyflux Ltd announced that it had secured financing for the second Singapore seawater desalination plant, a groundbreaking ceremony took place on 5 July 2011 at the International Water Week linked by video to the site.
Agreement at last on Ashdod water price
Israel's national water company, Mekorot, is reported to have won its battle against the Ministry of Finance over the price of water from the upcoming Ashdod desalination plant.
Bahamas desalination plant production to be expanded
Consolidated Water Co Ltd announced on 1 February 2011 that it has entered into a binding letter agreement with its customer, the Water & Sewerage Corporation (WSC), to increase the daily production capacity of its Blue Hill plant in Nassau, Bahamas, by approximately 67% to 12 million GPD (45,000 m³/d) compared with the plant's current capacity of 7.2 million GPD (27,000 m³/d).
UNEP report informs financiers about power-water relationship
The opportunities available to financial institutions to encourage the adoption of best practices, which may include the introduction of eco-friendly technologies, such as membrane technology to recycle wastewater, are stressed in a report just published by the UN Environment Programme's Finance Initiative (ENEP FI).
IFC to support large Moroccan desalination project
The International Finance Corporation (IFC), part of the World Bank, signed an agreement on 4 May 2010 with the government of Morocco to support private investment in a new desalination and irrigation plant that will help improve the water supply to a vital agricultural region.
Netanyahu steps into Ashdod desalination argument
Prime minister Binyamin Netanyahu has ordered Israel's national water authority, Mekorot, the Finance Ministry and the Infrastructure Ministry to submit proposals for a cost-effective desalination plant in Ashdod within 30 days, according to Israel National News (Arutz Sheva).
Moody's rates water district high positive on back of Huntingdon proposal
Credit rating agency, Moody's Investors Service, has given a positive credit appraisal to the Orange County Water District's (OCDW's) approval of a non-binding arrangement to buy 70,000 Ml of water from Poseidon Water's proposed Huntington Beach desalination plant in California.
Russia sets up water treatment membrane development project
The Russian Corporation of Nanotechnologies (Rusnano) is to finance a project for producing nanostructured membranes and separation modules for water treatment in various industries.
US Ex-Im Bank claims first ECA carbon policy
The US Export-Import Bank is claiming to be the first export credit agency (ECA) to adopt a comprehensive carbon policy after announcing on 3 November 2009 a new policy to guide its support of US exports in light of climate change concerns.
Poseidon disputes FWW Carlsbad finance figures
Poseidon Resources described as "erroneous information" figures in a press release issued on 30 October 2009 by consumer group Food & Water Watch (FWW) related to finance for the Carlsbad desalination project.
Bank Hapoalim heads Ashdod desalination financing
Bank Hapoalim is to head a syndicate that will provide NIS 1.5 billion (US$ 395 million) for the Ashdod desalination plant for Mekorot National Water Company subsidiary Mekorot Development and Initiations Ltd.
Finance secured for Palmachim desalination expansion
Financing for the expansion of Israel's Palmachim desalination plant from its current capacity of 30 million m³/year up to 45 million m³/y and ultimately even to 100 million m³/y was closed on 16 August 2009 by the Derech Yam Company.
US$ 2.9 billion Melbourne desalination contract goes to Degremont group
The Suez/Degremont-led consortium Aquasure has been awarded the contract to build the 150 million m³/year seawater desalination plant for Melbourne, Australia.
Al Dur desalination financing tied up
Gulf Investment Corporation (GIC) and GDF Suez announced on 26 July 2009 completion of the limited recourse financing of the US$ 2.1 billion Al-Dur Independent Water & Power Producer (IWPP) project , which includes a 218,000 m³/d seawater reverse-osmosis desalination plant as well as a 1,240 MW combined-cycle gas-turbine power plant.
Befesa closes Quindao desalination finance
Spanish contractor Befesa announced on 23 July 2009 that its subsidiary Befesa Water has closed financing for the design, construction and operation over 25 years of a 100,000 m³/d seawater desalination plant in Qingdao, China.
US export finance boost for water and energy projects
US exports for renewable-energy, water and nuclear-power projects approved after 1 July 2009 are eligible for a maximum repayment term of up to 18 years under export financing provided by the Export-Import Bank of the United States (Ex-Im Bank).
Hadera desalination extension finance fixed
Financing worth US$ 80 million has been agreed for the 74,000 m³/d expansion of the Hadera reverse-osmosis desalination plant in Israel, IDE Technologies announced on 3 July 2009.
Barclays to assist with Carlsbad desalination financing
Poseidon Resources announced on 17 June 2009 that it has selected Barclays Capital as its financial advisor in connection with the financing of its 50 MGD (189,000 m³/d) reverse-osmosis seawater desalination plant in Carlsbad, California.
Befesa ties up Tenes project finance
Madrid-based contractor Befesa, through its subsidiary Befesa Agua, announced on 1 December 2008 closure of the US$ 185 million financing for the design, construction, funding and 25-year operation of the Tenes seawater desalination plant in Algeria.
RWL-led Mexico seawater desalination project starts construction
A consortium of RWL Water Group and Mexico's, Libra Ingenieros Civiles and RJ Ingenieria has begun construction of 22,000 m3/d reverse osmosis (RO) seawater desalination plant in Mexico's Baja California.
Seven Seas hires ex-ContourGlobal VP as CFO
Florida-based Seven Seas Water Corporation announced on 17 December 2013 that Lee Muller has joined the company as senior vice president, chief financial officer (CFO) and a member of the executive committee.
Irma hits power supply to Consolidated desal plants in BVI
Hurricane Irma has cut the power supply to desalination plants operated by Consolidated Water on the British Virgin Islands.
"We're now at more than $100 million revenue." Doug Brown, AquaVenture chairman and CEO
AquaVenture chief executive Doug Brown has a track record of delivering shareholder value. When he joined water technology and engineering firm Ionics as chief executive in 2003, the struggling business was trading at $16 a share.
Seven Seas completing Caribbean hat-trick of plants
Florida-based Seven Seas Water Corp has recently commissioned the second and largest in a series of three desalination plants in the Caribbean - the 4.6 MGD (17,400 m³/d) Point Fortin plant in Trinidad.
Sommariva secures International Desalination Association presidency
Dr Corrado Sommariva, managing director of ILF Consultants Middle East, was elected president of the International Desalination Association on 5 September 2011, the first day of the IDA's World Congress in Perth, Australia.
Caribbean successes for Seven Seas Water
The US Virgin Islands Water & Power Authority (WAPA) voted on 24 May 2010 to outsource all its desalination water supply to Seven Seas Water Corporation in a move intended to cut its water production costs in half.
Biwater desalination award in British Virgin Islands
Biwater (BVI) Limited was awarded a BOOT contract on 19 February 2010 by the Government of the British Virgin Islands for a seawater desalination plant.
Kuwait steps closer to awarding PPP for Az-Zour North part two
Kuwait has invited two bidders into talks for the second phase of its Az-Zour North power generation and desalination project, reports MEED.
UAE receives 14 bids for Umm Al Quwain desal plant
The UAE's Federal Electricity and Water Authority (FEWA) has received 14 bids for pre-qualification for a desalination project in Umm Al Quwain, reports The National.
AMP Capital buys stake in Victorian Desalination Plant from developer
Investment house AMP Capital has acquired a 5.2 per cent stake in the Victorian Desalination Plant (VDP), Australia, from Pacific Partnerships.
AquaSure's Victorian Desalination Plant secures its first water order
The Victorian Desalination Project (VDP) is a mega-size seawater RO facility, able to produce up to 150 billion litres of water a year when running at full capacity. Located at the southerly most tip of Australia on the Bass Coast, it was procured by the Victorian State government from AquaSure, a joint venture of Degrémont (now Suez), Macquarie Capital, and Thiess (now Ventia), in 2009, for a capital cost of $3.5 billion.
Consolidated Water confirms details of PPP with Baja California for mega plant
Consolidated Water confirmed details of a deal with the state of Baja California, Mexico, through subsidiary Aguas de Rosarito, to design, construct, finance, and operate a seawater desalination plant in Playas de Rosarito.
Sinai development continues with plans for new desalination capacity
Egypt's Ministry of International Co-operation and the Kuwait Fund for Arab Economic Development have signed a deal to build a new desalination plant in East Port Said.
Namibia looks to finance four new desal plants, as row develops over price of existing supplies: reports
The Namibian government is seeking private investors to finance the development of four desalination plants on the west coast of Namibia, reports Bloomberg.
Algeria desal plant wins OPIC award for public-private excellence
Hamma Water Desalination facility in Algeria, the first reverse osmosis seawater plant in Africa to be funded by public-private investment, has scooped OPIC's Impact Award for Critical Infrastructure, for effectiveness in public-private partnerships in major infrastructure projects.
Stage set for proliferation of private finance in US utilities
Capital expenditure by US water and wastewater utilities is expected to top $532 billion between 2016 and 2025, but the upturn is unlikely to be funded by federal budgets.
'Adjustable' desal plant in Brazil financed by project bond
UK water company Hydrology is to build and operate an "adjustable" desalination plant in Cubato in Sao Paulo state, Brazil, to supply industrial conglomerate Unigel.
Israel mulls Red Sea Dead Sea alternative amid water price concerns
A string of consortia have entered pre-qualification bids for Jordan's Red Sea Dead Sea (RSDS) project, as Israel mulls an alternative idea amid concerns over the economics of the scheme.
Largest desal plant in the West gets the green light in Mexico
Consolidated Water's Mexico subsidiary NSC Agua, in consortium with the Mexican entities of NuWater and Degremont, has won a contract to build a seawater RO desalination plant at Rosarito Beach, from the government of Baja California, Mexico.
Hyflux secures financing for new SWRO plant in Qurayyat, Oman
Qurayyat Desalination SAOC, a subsidiary of Hyflux, has secured non-recourse finance of $185 million for a seawater RO plant in Qurayyat, Oman.
Former Baja California project partners in legal spat
A giant seawater desalination facility proposed for Baja California, is currently mired in a legal wrangle between former partners in the venture according to a report in local newspaper, The San Diego Union-Tribune. Were it to go ahead the 400 Ml/d Rosarito Beach plant would topple the recently opened Carlsbad plant from its position as the largest desalination plant in the western hemisphere.
Hawaii considers special bonds for solar desalination
Hawaii Island is looking to introduce new special purpose bonds to build and operate solar-powered desalination plants, reports westhawaiitoday.com.
Fund pledges US$ 200 million desalination loan to Egypt
The Arab Fund for Economic and Social Development (AFESD) has pledged to lend US$ 200 million this year, to Egypt to finance drilling wells and building desalination projects in Sinai.
Masdar steps up ties with China
Abu Dhabi's Masdar Institute of Science and Technology is stepping up its research collaborations, knowledge exchange and industrial partnerships, with China.
Texas loan boosts Gulf of Mexico project
Texas has agreed a US$ 2 million loan for the Guadalupe-Blanco River Authority (GBRA) to fund a study into site and transport options for a power and water project including a seawater desalination plant on the Texas Gulf coast. The project will provide additional water supplies and add diversity to the region's water sources.
EBRD in talks with Egypt on desalination finance
The European Bank for Reconstruction and Development (EBRD) is negotiating with the public private partnership (PPP) unit of Egypt's ministry of finance over possible private sector involvement in the unit's infrastructure projects including a desalination facility.
Miner ties up with Chinese steel firm in desalination deal
White Mountain Titanium Corporation has signed a non-binding memorandum of understanding (MOU) with China's state-controlled metallurgy and engineering firm, Sinosteel Equipment and Engineering, which includes a desalination project.
RWL consortium wins Baja California desalination deal
Mid market water treatment firm, RWL Water, in a consortium with Mexican partners, Libra Ingenieros and RJ Ingenieria, has won a contract to build a 22,000 m³/d seawater desalination plant in San Quintín, Baja California.
Egypt unveils three public/private desalination deals for 2016
Egypt has unveiled plans for at least three desalination public private partnerships in 2016 among a dozen infrastructure projects in various sectors.
Giant solar desalination project plans US$ 10 million public offering
Shares in what would be California's first commercial-scale solar desalination plant issued by WaterFX will this year form a US$ 10 million state-registered direct public offering (DPO) in the state.
Mining firm strikes funding deal for desalination plant at planned mine
Mining firm, White Mountain Titanium, has agreed a deal with US private equity company, Nexo Capital Partners, to fund, construct and manage a desalination plant to form part of White Mountain's planned Cerro Blanco mining project in Chile.
Texas county desalination scheme slated to supply industry
The Texas General Land Office has agreed a deal with desalination firm, Seven Seas Water, to develop a plan for building a seawater desalination plant in the San Patricio-Nueces county.
IDA World Congress in California
A pivotal event in the global desalination and water reuse sector will be held at the US industry's epicentre amid an historic drought when the 2015 IDA World Congress on Desalination and Water Reuse convenes in San Diego, California at the end of August 2015. The "location, theme and timing could not be more appropriate," said IDA secretary general, Patricia A Burke.
Grundfos reforms in bid to double Asia Pacific revenues
Danish pump manufacturer, Grundfos, has unveiled an organisational restructure in its Asia Pacific operations where it is looking to "double revenues over the next five years." The reshuffle will "improve customer service, enhance organisational efficiency, and drive the next phase of growth in the Asia Pacific."
Oman gives green light to five bids to tender for giant desalination duo
The Omani government has prequalified five utility-led consortiums for the next phase of a competitive tender for a license to build two major water desalination projects on Oman's Batinah coast.
Q&A: De Nora group CEO Paolo Dellacha on the acquisition of MIOX
Electrochemical tech company De Nora has acquired water purification firm MIOX. De Nora group chief executive Paolo Dellacha explains the thinking behind the deal and what the future holds
Energy Recovery hires senior management duo
Pressure energy technology firm Energy Recovery has appointed Chris M Gannon as chief financial officer and Eric O Siebert as vice president of corporate strategy. Both appointments are effective from 8 June 2015.
Veolia-led group refinances Oman project
Oman's Veolia-led Sharqiyah Desalination Company has refinanced its existing debt of US$ 120.8 million and raised new debt of US$ 42.7 million to fund its expansion of its reverse osmosis water desalination plant at Sur, in the sultanate.
Mott Macdonald to advise lender in Moroccan dealination project
Banque Marocaine du Commerce Extérieur has appointed consultant, Mott Macdonald, as technical advisor in support of the bank's role as financer for a MAD 937 million (US$ 94.6 million) desalination project in Morocco.
Papermaker ups water performance with Desalitech reverse osmosis
Arizona-based papermaker, Doubletree Paper Mills, said it has increased its purified water recovery by 20% at its Gila Bend plant since replacing its reverse osmosis water treatment system in 2014 with Desalitech's ReFlex RO system. The modification has also cut wastewater output by almost two thirds and lopped 25 % off energy consumption said Doubletree.
Abengoa wins contract for Morocco desalination plant
Morocco's National Power and Drinking Water Office (ONEE) has contracted Spanish desalination company, Abengoa, to construct a 100,000 m³/d plant, some 45 km from the city of Agadir.
ACWA Power Barka signs desalination plant expansion deal in Oman
Power and water developer, ACWA Power Barka, has signed a water purchase agreement with Oman Power and Water Procurement Company and other deals for its 56,825 m³/d, phase 2 expansion of its existing water desalination plant at Barka, 65km north of the Oman capital, Muscat.
Bank lends US$ 22 million to Korean firm to fund Mexican desalination project
The North American Development Bank has provided a U$ 22 million loan to South Korean company GS Inima Environment which is building a US$ 48 million, 28.5 Ml/d reverse osmosis desalination plant in Ensenada, Mexico.
Indian state chief minister pushes for third Chennai desalination plant
Chief minister of the Indian state of Tamil Nadu, O Panneerselvam, has pushed the case for a third desalination plant for the city of Chennai.
Desalitech lands US$ 11 million in venture capital funding
US desalination firm Desalitech has landed US$ 11 million in venture capital from existing investor, Liberation Capital, along with AquAgro Fund. The money will help Desalitech expand sales of its water purification products, the company said.
Metito backs low-temperature distillation to challenge lead desalination technologies
Dubai-based water technology firm, Metito, is set to make a "significant investment" in clean-tech company Thermal Purification Technologies (TPTec), to develop TPTec's patented low-temperature distillation (LTD) technology. Metito claims LTD could displace existing membrane and thermal desalination technologies.
Tunisia poised to tender for Sfax desalination plant
Tunisia's national water company, Sonede, is poised to launch a tender for the construction of its 150,000 m³/day desalination plant at the coastal city, Sfax in May 2015.
Australian reuse project wins US$ 10 million grant
The council for the Light region of South Australia has won a A$ 10.7 million (US$ 10 million) federal grant to complete funding for a "foundation" programme, the Gawler Water Reuse Project.
US city seeks to buy itself out of 'albatross' desalination deal
The mayor of US city, Brockton in Massachusetts has proposed an US$ 88 million bid by the city to buy its near-unused Dighton desalination plant to free it from a 20-year contract with the plant owner.
Tunisia desalination project completes feasibility check
Tunisia's National Water Company has completed a feasibility study for a seawater reverse osmosis desalination plant to be located at Zaarat, in the south east of the country. The plant will be constructed in two 50,000 m³/d phases.