Israel expects $500m in deals with Bahrain and UAE – Israel Israel expects to seal deals worth about $500m after Tuesday’s historic agreements to normalise ties with the UAE and Bahrain come into force. Ofir Akunis, Israel’s minister of regional co-operation, said the accords would expand into bilateral trade and investments reaching “billions of dollars for each side”. The Jewish state will offer its expertise in water desalination and agricultural technology as the most promising sectors for co-operation with its new business partners in the Gulf. (LINK). Israel expects $500m in deals with Bahrain and UAE – IsraelDME GmbH2020-09-15T22:26:12+02:00
ACCIONA-built Al-Khobar 1 desalination plant produces first cubic meter of water – Saudi Arabia ACCIONA has described the production of the first cubic meter of water at Al-Khobar 1 as a key milestone in the construction of the desalination plant located on the east coast of Saudi Arabia. The Sea Water Reverse Osmosis (SWRO) plant is owned by the Saline Water Conversion Corporation (SWCC) and considered a critical project in the modernisation of the water sector in Saudi Arabia. A cubic meter of water is the equivalent to the consumption of a four-member family for one day, said its EPC contractor. ACCIONA-built Al-Khobar 1 desalination plant produces first cubic meter of water – Saudi ArabiaDME GmbH2020-09-14T15:17:59+02:00
Desalination: Why the future of water innovation is informal and local – Mediterranean Sea Israel, the Middle East and South Africa share a common fate of growing water scarcity in the face of growing water demand and the impact of climate change on water availability. One of the greatest challenges the two regions face is the large percentage of the population that lacks access to water and wastewater infrastructure. Lack of access or intermittent access to drinking water, sewage treatment and disposal and energy impede these populations’ abilities to improve their socioeconomic situation miring them in poverty. Desalination: Why the future of water innovation is informal and local – Mediterranean SeaDME GmbH2020-09-13T15:41:54+02:00
Filinvest completes $200-M bond offer – Philippines Listed Filinvest Development Corp. (FDC) has completed issuing $200 million worth of US dollar-denominated bonds, which its chief said attested to the company’s strong reputation. In a disclosure on Friday, the Gotianun-led conglomerate said the Reg-S 5-year senior unsecured notes had a fixed coupon of 4.125 percent, payable semiannually. The notes issued, it added, was the company’s first since 2013. (LINK). Filinvest completes $200-M bond offer – PhilippinesDME GmbH2020-09-12T21:53:12+02:00
Saudi Arabia’s crowning PV plant – Saudi Arabia ACWA Power launched the first solar project under the Kingdom’s ambitious Vision 2030 program, which will set the scene for Saudi Arabia’s renewable plans. Project development moved quickly, with construction starting in November 2018 and panels that began generating electricity in November 2019. ACWA Power is committed to developing PV capacity in its home base of Saudi Arabia with a goal to develop PV at the lowest possible cost. (LINK). Saudi Arabia’s crowning PV plant – Saudi ArabiaDME GmbH2020-09-11T08:51:04+02:00
Residents of Kannagi Nagar and Ezhil Nagar complain of erratic water supply – Chennai – India For three months now, water supply to the Kannagi Nagar and Ezhil Nagar tenements has been erratic and of poor quality, residents have complained. Water stored in underground sumps and supplied through hand pumps is the only water source for the nearly 23,700 tenements in Kannagi Nagar and about 8,000 tenements in Ezhil Nagar. N. Mallika, a resident of Kannagi Nagar, said much of the water collected often has to be wasted as it was either discoloured or had a foul smell. (LINK). Residents of Kannagi Nagar and Ezhil Nagar complain of erratic water supply – Chennai – IndiaDME GmbH2020-09-10T17:44:56+02:00
Water recycling project fits needs on Monterey Peninsula – California Expansion of the Pure Water Monterey recycled water project is the best option for the Monterey region to meet its future water supply needs. Unfortunately, California American Water Co., a private water supplier, is discrediting the project in the hopes of instead getting approval for their much more costly, oversized and environmentally harmful groundwater desalination project to be built in, around and through the city of Marina. (LINK). Water recycling project fits needs on Monterey Peninsula – CaliforniaDME GmbH2020-09-10T17:31:00+02:00
ACWA-led consortium secures financing for Jubail desalination plant – Saudi Arabia A consortium led by Saudi Arabian utility developer ACWA Power has signed financing agreements for a $650 million desalination project in the Saudi industrial city of Jubail. The desalination plant, Jubail-3A IWP, will use sea water reverse osmosis to yield a capacity of 600,000 cubic metres per day. The plant is being financed through limited recourse ring-fenced project financing from Al Rajhi Bank 1120.SE, Abu Dhabi Islamic Bank ADIB.AD, Riyad Bank 1010.SE and Mizuho 8411.T, ACWA said in a statement. (LINK). ACWA-led consortium secures financing for Jubail desalination plant – Saudi ArabiaDME GmbH2020-09-08T15:28:55+02:00
Saudi utility firm wins financing for $650m desalination project – Saudi Arabia ACWA Power has obtained financing to help develop a $650 million desalination project in Saudi Arabia. The transaction is funded through “limited recourse ring-fenced project financing” with Al Rajhi Bank, Abu Dhabi Islamic Bank, Riyad Bank and Mizuho Bank as initial mandated lead arrangers, the Saudi-based utility said in a statement. Riyad Bank and Bank AlJazira also provided equity bridge loans earlier this month. (LINK). Saudi utility firm wins financing for $650m desalination project – Saudi ArabiaDME GmbH2020-09-07T15:59:04+02:00
Dubai’s Hassyan IWP achieves world’s lowest tariff of 0.277 USD per cubic metre – United Arab Emirates After retendering the project, Dubai Electricity and Water Authority (DEWA) has achieved a new world’s breaking record for the lowest water levelised tariff of 0.277 USD per cubic metre for its 120 Million Gallons Per Day (MIGD) Hassyan Sea Water Reverse Osmosis (SWRO) Plant. The project is DEWA’s first Independent Water Producer (IWP) model project. DEWA has adopted the IWP procurement model for the Hassyan desalination plant following the success of the Independent Power Producer (IPP) model at the Mohammed bin Rashid Al Maktoum Solar Park projects. Dubai’s Hassyan IWP achieves world’s lowest tariff of 0.277 USD per cubic metre – United Arab EmiratesDME GmbH2020-09-06T14:35:07+02:00