Tag: Finance
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PEI gets venture capital boost
Pump Engineering Inc (PEI), US manufacturer of pumps and turbocharger energy-recovery devices for reverse-osmosis desalination, announced on 26 January 2009 that it had closed a “multi-million dollar” equity investment deal with Plymouth Venture Partners (PVP) earlier in the month.
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WRF seeks desalination and reuse funding proposals
The WateReuse Foundation on 21 January 2009 issued a request for preproposals for funding consideration under its 2009 Unsolicited Research Program, which funds researchers proposing projects designed to meet the future needs of the water reuse and desalination community.
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Hawkes Bay desalter on the move again
The Hawkes Bay desalination project in Pakistan took a step forward on 15 January 2009, when Sindh chief minister Syed Qaim Ali Shah presided over a meeting regarding the desalination plant for Karachi at the Chief Minister’s House.
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US water and wastewater may get US$ 11.8 billion boost
Water reuse measures totalling US$ 126 million to be undertaken by the Bureau of Reclamation are one of a number of measures included in the US$ 825 billion economic recovery legislation proposed by the House of Representatives Appropriations Committee on 15 January 2009, which is also likely to benefit upcoming desalination projects.
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CH2M Hill’s Peterson joins water investment fund
Ralph Peterson, the former CEO and current chairman of CH2M Hill Companies Ltd, has joined the strategic advisory board of XPV Capital, a Canadian growth equity fund focused exclusively on capturing opportunities in the water sector, XPV announced on 8 January 2009.
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Brownsville pilot study published
Pilot study results from consultant NRS Consulting Engineers have confirmed that seawater desalination on the shore of the Ship Channel in Brownsville, Texas, USA, is technically feasible.
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GDF Suez secures funding for Shuweihat 2
Funding totalling US$ 900 million for the Shuweihat 2 power and water project in Abu Dhabi, UAE, has been secured by GDF Suez, the company announced on 6 January 2009.
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Pilot tests for dopamine anti-fouling technology
Seed capital totalling US$ 500,000 for the development of a dopamine-based membrane anti-fouling technology has been raised by Advanced Hydro Inc (AIC), based in Austin, Texas, USA, the company announced on 6 January 2009.
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Funding go-ahead for Chennai desalter
A 100,000m³/d seawater reverse-osmosis desalination plant was approved on 2 January 2009 for the Indian city of Chennai by the Cabinet Committee on Economic Affairs.
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Golf club barred from water reuse funding
The US state of Washington has included a water reclamation scheme for the city of Pullman in its 2009-11 budget, but has stipulated that none of the US$ 16 million funding can be used to extend the service to a golf course to be used by Washington State University (WSU), Governor Chris Gregoire announced in…