Desalination plant achieves financial closure in UAE – UAE The $800 million project is funded on a debt to equity ratio of up to 85/15. A syndicate of seven international and local lenders will provide the $680 million senior debt. The Water Purchase Agreement with off-taker, FEWA, is signed for a 35-year term, and the plant is expected to be commercially operational by July 2022. According to a company statement, the mandated lead entities including Korea Development Bank, MUFG Bank, Siemens Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, First Abu Dhabi […] Desalination plant achieves financial closure in UAE – UAEDME GmbH2019-11-18T12:26:13+01:00
Financial closure achieved for largest desalination plant in Umm Al Quwain – UAE United Arab Emirates: A consortium consisting of ACWA Power and MDC Power Holding Company LLC, an entity fully owned by Mubadala Investment Company PJSC (Mubadala) along with the Federal Electricity & Water Authority (FEWA) has achieved the financial closure for the 150 MIGD Umm Al Quwain Independent Water Project (IWP) in the United Arab Emirates. The $800 million project is funded on a debt to equity ratio of up to 85/15. A syndicate of seven international and local lenders will provide the $680 million senior debt. Financial closure achieved for largest desalination plant in Umm Al Quwain – UAEDME GmbH2019-11-17T15:55:40+01:00
Mayor to sign drought disaster declaration for Nelson Mandela Bay – South Africa Nelson Mandela Bay mayor Mongameli Bobani will sign the declaration for the city to maintain its classification as a disaster area within 48 hours. This was confirmed by mayoral committee member Andile Lungisa during a visit to the Impofu Dam on Thursday, reports HeraldLIVE. Lungisa was flanked by the metro’s water and sanitation director Barry Martin and the acting executive director of infrastructure and engineering, Zukile Nogongo. (LINK). Mayor to sign drought disaster declaration for Nelson Mandela Bay – South AfricaDME GmbH2019-11-16T17:47:47+01:00
Monterey Bay Desalination Plant Debated by Coastal Commission – California The Monterey Peninsula is running out of water. The fog-shrouded, cypress-dotted land formation jutting into the Pacific Ocean forming the southern reach of the Monterey Bay is drying up as underground water aquifers become increasingly depleted. The lack of water inhibits economic growth, prevents the development of housing – including the affordable variety – and restricts commercial opportunity. (LINK). Monterey Bay Desalination Plant Debated by Coastal Commission – CaliforniaDME GmbH2019-11-15T06:11:22+01:00
Up the creek: the $85 million plan to desalinate water for drought relief – Australia The deal to crank up Adelaide’s desalination plant to make more water available to farmers in the drought-stricken Murray-Darling Basin makes no sense. It involves the federal government paying the South Australian government up to A$100 million to produce more water for Adelaide using the little-used desalination plant. The plant was commissioned in 2007 at the height of the millennium drought. It can produce up to 100 gigalitres of water a year – enough to fill 40,000 olympic sized swimming pools. […] Up the creek: the $85 million plan to desalinate water for drought relief – AustraliaDME GmbH2019-11-14T04:56:15+01:00
PTI to install a desalination plant in Karachi – Pakistan The members of PTI announced on Wednesday that a desalination water plant will be set up near Karachi’s Sea View. It will provide fresh drinking water to the residents of Defence and Clifton. It costs more than Rs7 billion, according to party MNA Aftab Siddiqui. The installation process will begin after two months. (LINK). PTI to install a desalination plant in Karachi – PakistanDME GmbH2019-11-14T04:49:10+01:00
Drag the nation’s water systems into the 21st century, Minister Charles Jr – Jamaica When Senator Pearnel Charles Jr was assigned the water portfolio I held my breath and waited for good news. He is an attorney by profession, but let’s not hold that against him. I see him as one of the Renaissance men in this Administration, and fully expected him to drag this sorry department scratching and kicking into the 21st century. Jamaica has an abundance of hydrologic resources. There should be more than enough to meet local demand. The first problem is that it does not always […] Drag the nation’s water systems into the 21st century, Minister Charles Jr – JamaicaDME GmbH2019-11-12T22:09:37+01:00
UAE company offers to establish $800mln desalination plants in Egypt – Egypt The Egyptian government has received an offer from an UAE company to implement several desalination plants with investments of up to $800m. The UAE company has submitted a bid to implement desalination plants in Egypt with a total capacity of 500,000 cubic metres per day, over several phases, Osama Hamdy, Deputy Minister of Housing for follow-up, projects, and utilities, told Daily News Egypt. He added that a committee has been formed to study the offer. After completing the study, a memorandum […] UAE company offers to establish $800mln desalination plants in Egypt – EgyptDME GmbH2019-11-11T11:39:46+01:00
Metito’s policy on water reuse identified as ‘progressive and disruptive’ by global awarding body – United Arab Emirates The International Desalination Association (IDA) World Congress 2019, which recently took place during the celebration of Green Week, has recognised a number of outstanding global experts and companies in the desalination and water reuse industry. Metito, the global provider of smart water management solutions, was honoured with ‘Progressive Disruptive Policy in Water Reuse’ for its relentless development and continuous contribution to water policies in the region. The award was given to the company that has been actively moving the needle […] Metito’s policy on water reuse identified as ‘progressive and disruptive’ by global awarding body – United Arab EmiratesDME GmbH2019-11-10T17:19:10+01:00
More water woes as Desalcott goes down again – Caribbean The Water and Sewerage Authority is advising customers in parts of Central and South West Trinidad, served by the Point Lisas Desalination Plant, of an unplanned shutdown at the facility on Friday. This was due to a leak that has developed on the fiberglass clearwell system at the Plant that will require emergency repairs. The owner and operator of the Plant, the Desalination Company of Trinidad and Tobago (DESALCOTT), is currently in the process of assessing the full extent of the damage, after-which an […] More water woes as Desalcott goes down again – CaribbeanDME GmbH2019-11-09T22:24:27+01:00