Tag: Finance
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Agreement over failed Monterey desalination plan
Agreement was reached on 4 December 2012 on legal and monetary issues resulting from the failed Monterey Regional Desalination Project, which was abandoned earlier this year.
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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.
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ERI denies ‘takeover target’ story
Energy Recover Inc (ERI), US manufacturer of desalination energy-recovery devices, denied on 20 November 2012 that it was a takeover target, following a report on Bloomberg Business Week based on a telephone interview with ERI’s CEO, Tom Rooney.
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Sumitomo consortium wins Al Ghubrah desalination
The contract for the Al Ghubrah Independent Water Project (IWP) in Muscat, Oman, has been awarded to a consortium of Sumitomo Corporation of Japan, Malakoff Corporation Berhad of Malaysia and Cadagua SA of Spain.
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Oceanside rejects direct Carlsbad water deal
Oceanside City Council in southern California rejected on 7 November 2012 the direct purchase of water from the proposed Carlsbad desalination plant, even though it would show savings over a 30‑year contract.
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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.
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Turks ‘strong interest’ in financing Gaza desalination
The Union for the Mediterranean (UfM), which is promoting the Gaza Desalination Facility in Palestine, says that the Turkish government has expressed its strong interest in supporting the project, and a financial commitment will be discussed with the prime minister in the coming weeks.
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ADWEA issues RfP for Mirfa power and desalination
The Abu Dhabi Water & Electricity Authority (ADWEA) last week issued a request for proposals from prequalified bidders for its build‑own‑operate extension of power generation and reverse osmosis (RO) water desalination at Al Mirfa.
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Another TWDB loan for SAWS desalination project
The Texas Water Development Board has given a US$ 50 million loan to the San Antonio Water System (SAWS) towards its first-ever groundwater desalination plant in southern Bexar County.
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Adelaide desalination plant’s standby savings challenged
Putting the Adelaide seawater desalination plant into standby mode will not reduce the amount SA Water’s customers pay by anything like the Aus$ 100 million (US$ 103 million) per year that has been claimed, says a report by the Essential Services Commission of South Australia (ESCOSA) released on 16 October 2012.