Tag: Finance
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ADB steps up financing for Philippines water projects
The Asian Development Bank (ADB) has outlined new plans to finance $770 million of water-related projects in the Philippines to 2019, reports Business Mirror.
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Sudanese government pledges funds for water projects
Sudan’s Ministry of Finance has committed 72.4 million SGD ($10.9 million) for water projects in the state of Red Sea, including four temporary desalination stations, reports Sudan Vision.
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Mekorot could sell plants as it looks to restructure
Israel’s national water company Mekorot is restructuring and may sell off parts of its portfolio after running into financial difficulty, reports Israeli business publication, TheMarker.
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Hyflux injects $22 million into Qurayyat desalination project
Hyflux subsidiary Qurayyat Desalination SAOC has increased its share capital by approximately $26 million as part of project financing requirements relating to Qurayyat Independent Water Project, Oman.
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Interview: Poseidon CEO Carlos Riva
Desalination plant developer Poseidon Water received an apparent boost in January, when its proposed Huntington Beach, Orange County, desalination plant turned up on a list of infrastructure projects favoured by the new US president Donald Trump.
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ACWA Power sells stake in Shuqaiq IWPP, Saudi Arabia
ACWA Power has sold an effective 8 per cent stake in Shuqaiq Independent Water & Power Project (IWPP), Saudi Arabia, to Arab Petroleum Investments Corporation (APICORP), a regional development bank.
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‘Our capex is on a par with traditional desal’
The commercialisation of Voltea’s electrodialysis-based desalination technology, CapDI, is happening apace says chief executive Bryan Brister.
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How we delivered Az Zour North phase one
"With hindsight we were very lucky to get everything through on time and that our construction partner Hyundai Heavy Industries was on time. Fortunately we escaped a lot of those little wrinkles that need sorting out during construction, and can drag on and on, and so we kept to time," says Andy Biffen, chief executive…
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Singapore to raise water rates by 30 per cent
Singapore’s finance minister has announced a rise in domestic water prices of 30 per cent over the next two years, citing the cost of desalination and water reuse.
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Veolia to build drinking water network in Sri Lanka
Veolia has won a E156 million ($164 million) contract to design and build a water treatment and conveyance network supplying potable water to 350,000 people in the Greater Matale region of Sri Lanka.