Mini-desalination plants to quench thirst of 5 lakh Chennai residents soon – Chennai CHENNAI: Faced with the onerous task of quenching the thirst of a city that’s being whittled down by a rising population and failing rain, the government has unveiled a plan to set up five mini-desalination plants of one million litre capacity each. The plants, costing Rs120 crore, will start operation at Kasimedu, Thiruvottiyur, Triplicane, MRC Nagar and Thiruvanmiyur within the next six months, said a Chennai Water Supply and Sewerage Board proposal. “Everyone knows Chennai is facing a water […] Mini-desalination plants to quench thirst of 5 lakh Chennai residents soon – ChennaiDME GmbH2019-05-30T14:14:08+02:00
Dubai’s DEWA appoints advisors for Hassyan water project – Dubai Dubai Electricity & Water Authority (DEWA) has appointed a consortium of companies as advisors on its Hassyan Sea Water Reverse Osmosis (SWRO) project which aims to produce 120 million imperial gallons per day (MIGD). Ernst & Young, CMS, and WSP have been hired for the project which is DEWA’s first independent water producer (IWP) model venture. DEWA adopted the system for the Hassyan desalination plant following the success of the independent power producer (IPP) model at the Mohammed bin Rashid Al […] Dubai’s DEWA appoints advisors for Hassyan water project – DubaiDME GmbH2019-05-29T15:05:46+02:00
EGA’s GAC secures $750 million loan, Guinea’s largest greenfield mining project financing ever and a step forward for country’s economy – United Arab Emirates United Arab Emirates: Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, today announced that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) has successfully closed the Republic of Guinea’s largest-ever project financing for a greenfield mining project, in a step forward for EGA’s bauxite mining project and for Guinea’s economy. The $750 million loan has a tenor of 12 to 14 years and was extended by development finance institutions, export credit agencies and international commercial banks. EGA’s GAC secures $750 million loan, Guinea’s largest greenfield mining project financing ever and a step forward for country’s economy – United Arab EmiratesDME GmbH2019-05-28T14:49:52+02:00
Hyunday E&C wins US$2.45bn desalination project in Iraq – Iraq The South Korean builder has signed a letter of intent (LoI) with the state-run Basra Oil Company for a 49-month project to build a seawater supply plant in the southern state of Basra. Once completed, the facility will be capable of supplying five million barrels of fresh water per day, contributing to increasing crude oil yields and financial expansion in the Middle East country, according to officials. The negotiations were steered by vice-chairman Chung Jin-haeng, who accompanied a government envoy’s visit in […] Hyunday E&C wins US$2.45bn desalination project in Iraq – IraqDME GmbH2019-05-27T12:54:14+02:00
Saudi Arabia construction contract awards grow 113% to $13bn in Q1 – Saudi Arabia The US-Saudi Arabian Business Council (USSABC) revealed that the value of contract awards in Saudi Arabia grew to $13bn (SAR48.9bn) in Q1 2019, a staggering 113% increase from $6.1bn (SAR23bn) in the same period in 2018, Construction Week reports. According to USSABC’s Contract Awards Index (CAI) report, the total value of contracts covers megaprojects in various sectors, with oil and gas; water; and transportation projects making up 67% of the total value, accounting for $8.7bn (SAR32.6bn). The value of awarded contracts […] Saudi Arabia construction contract awards grow 113% to $13bn in Q1 – Saudi ArabiaDME GmbH2019-05-26T14:55:43+02:00
Acciona reaches $600m financial close on Saudi desalination project – Saudi Arabia ACCIONA, a leading company in the development of water infrastructure, together with Marubeni Corporation, Almar and Rawafid Alhadarah Holding Co., has achieved the financial close for the Shuqaiq 3 desalination plant for a total value of more than $600mn. The transaction involved both Saudi national banking entities and a number of international organizations, reported Utilities Middle East. Saudi banking institutions included Samba and NBC, along with the participation of international players MUFG (Agent), Crédit Agricole, Norinchukin and SMBC, with the agreement reached […] Acciona reaches $600m financial close on Saudi desalination project – Saudi ArabiaDME GmbH2019-05-21T13:14:48+02:00
Chennai: Acute water shortage puts hotels in crisis control mode – Chennai CHENNAI: Acute water shortage has affected the hospitality industry, with hotels welcoming guests with caution notice and restaurants replacing plates with plantain leaves. Being one of the largest water guzzling sectors, hotels and restaurants largely depend on private tankers for sourcing water. While the hospitality industry has taken contingency measures to tackle the looming crisis, hotel associations are raising concern over a possible shutdown if tankers cut down the supply. South India Hotels and Restaurants Association (SIHRA) secretary T Natarajan said that hotels […] Chennai: Acute water shortage puts hotels in crisis control mode – ChennaiDME GmbH2019-05-18T14:58:01+02:00
Hyflux announces third potential investor, with letter of interest to acquire overseas assets – Singapore Hyflux on Wednesday (May 15) announced another potential investor which has submitted a non-binding letter of interest. The potential investor, which was not named, expressed interest in acquiring some of Hyflux’s assets in Algeria and Oman, as well as other assets in the Middle East and North African region. „The investor’s interest also includes the operation and maintenance activities relating to these assets,“ said Hyflux in a bourse filing. (LINK). Hyflux announces third potential investor, with letter of interest to acquire overseas assets – SingaporeDME GmbH2019-05-15T14:38:55+02:00
Spanish-Chinese consortium lands $700mln deal for UAE desalination plant – UAE Spain’s Abengoa announced on Monday that it has received an order, as part of a consortium with Chinese EPC contractor Sepco III, to start work on a 909,000 cubic metres per day (m3/day) desalination plant in Taweelah in the United Arab Emirates (UAE). In a stock exchange filing, the Spanish engineering and construction firm said the desalination project is valued at more than $700 million, with the company’s share being approximately $243 million over the next three years. In November last year, […] Spanish-Chinese consortium lands $700mln deal for UAE desalination plant – UAEDME GmbH2019-05-13T15:34:32+02:00
Mumbai faces fourth water cut of 10 per cent in a decade – Mumbai This summer, Mumbai faces a water cut of 10 per cent, its fourth in a decade. The average rainfall that Mumbai receives every year has been steadily dropping. In 2008, we received 2,508 mm of water. Last year, that figure dropped to 2,009.45 mm. It wasn’t sufficient to fill to capacity the seven lakes which store the water supplied to the city. Until May 9, the lake levels had only 15 per cent of live stock water — 2,21,265 million litres. An additional 1,70,000 million litres […] Mumbai faces fourth water cut of 10 per cent in a decade – MumbaiDME GmbH2019-05-12T14:20:41+02:00