Hyflux calls off SM Investments rescue deal, cancels proposed scheme meetings In a hurricane twist of events, the US$530 million rescue deal from SM Investments to save embattled water treatment firm Hyflux is now off the table. Hyflux announced the cancellation of the scheduled scheme meetings on April 5 and 8 in a regulatory filing on Thursday noon, just days before the proposed meetings were supposed to happen. Due to the cancellation of the scheme meetings, shareholders also need not attend the extraordinary general meeting scheduled after the scheme meetings on April 15, the firm […] Hyflux calls off SM Investments rescue deal, cancels proposed scheme meetingsDME GmbH2019-04-04T13:01:54+02:00
Acwa Power’s Jordan plant launches commercial operations – Jordan Saudi-based Acwa Power, a major developer of power and water desalination projects, said its joint venture IPP (independent power project) with Jordan’s National Electric Power Company (Nepco) in the Zarqa region of Jordan, has entered commercial operations adding 485 MW electricity to the country’s grid. The Acwa Power Zarqa combined cycle power plant can generate the equivalent electricity needed to supply up to 350,000 Jordanian households and is the most efficient thermal power plant in Jordan, said a statement from the Saudi company. Acwa Power’s Jordan plant launches commercial operations – JordanDME GmbH2019-04-03T10:18:55+02:00
Chennai to get 500 million cubic feet of water from Mettur – Chennai – India The State government has decided to provide the city with an extra supply of around 500 mcft of Cauvery water, a portion of which was released from the Mettur dam on Sunday night, and is expected to reach Veeranam tank in Cuddalore in 10-12 days. With just less than 700 mcft of water left in all four reservoirs of the city, supply of Cauvery water comes at a crucial time as the city is slipping into a severe drought situation. Chennai to get 500 million cubic feet of water from Mettur – Chennai – IndiaDME GmbH2019-04-02T15:15:34+02:00
Saudi Arabia invites EOIs for Yanbu 4 water desal project near Makkah – Saudi Arabia WEC said the project on the Red Sea coast will be powered by the area’s high-voltage network. The agency is set to conduct a “competitive process” to select a single developer or a consortium for the plant’s development, financing, procurement, implementation, operations, and maintenance. Upon launch, the desalination plant will have a daily potable water capacity of 450,000m3, with the selected project developer to sell its capacity and output to WEC under a water purchase agreement under a concession of 25 years. Saudi Arabia invites EOIs for Yanbu 4 water desal project near Makkah – Saudi ArabiaDME GmbH2019-04-01T12:19:38+02:00
American group wins $9m Saudi Arabia water desalination contracts – Saudi Arabia President and chief executive officer of Energy Recovery, Chris Gannon, did not reveal additional details of the Saudi clients, but said that the company’s backlog and pipeline at present are the “most significant” in its history, “with activity and awards spanning 2019 and 2020”. Energy Recovery’s PX Q300 Pressure Exchanger units will be shipped to Saudi Arabia in Q2 2019, and are expected to reduce power consumption at all desalination facilities by 54.3 megawatts. In total, the devices will save at least 469 […] American group wins $9m Saudi Arabia water desalination contracts – Saudi ArabiaDME GmbH2019-03-31T10:59:08+02:00
PUB gives Hyflux’s Tuaspring till April 30 to cure defaults NATIONAL water agency PUB said on Friday that it has acceded to the request of Hyflux subsidiary Tuaspring Pte Ltd (TPL) for more time to cure its defaults. The default notice period has been extended from April 5 to April 30, subject to conditions. PUB said TPL had written to it on Wednesday, requesting for the deadline to be pushed to the end of April. The national water agency said in a statement on Friday: „TPL noted that it is currently loss-making and will […] PUB gives Hyflux’s Tuaspring till April 30 to cure defaultsDME GmbH2019-03-30T06:27:18+01:00
Antioch gets $10 million grant to design, build desalination plant – Antioch – Turkey Antioch’s plan to build a long-awaited brackish desalination plant got a major boost this week when the City Council officially accepted a $10 million state grant that will pay toward design and construction. The city’s grant was one of three statewide to be awarded in March 2018 from the Department of Water Resources for desalination projects under Proposition 1, but environmental reviews and other work still need to be done to free up the money. Proposition 1, approved in 2014, set aside […] Antioch gets $10 million grant to design, build desalination plant – Antioch – TurkeyDME GmbH2019-03-29T12:53:32+01:00
Qatar- Amir inaugurates Umm Al Houl power plant – Qatar His Highness the Amir Sheikh Tamim bin Hamad Al-Thani patronized the inauguration of Umm Al Houl Power plant, during a ceremony held by Qatar Electricity and Water Company in Umm Al Houl area on Monday morning. The ceremony was attended by HE Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, and a number of Their Excellencies ministers and members of the diplomatic corps accredited to the State. (LINK). Qatar- Amir inaugurates Umm Al Houl power plant – QatarDME GmbH2019-03-25T23:24:05+01:00
6 power and water firms to launch IPOs in next 2 years As many as six power generation and water desalination companies will be launching their initial public offerings (IPOs) for listing on the Muscat Securities Market (MSM) within next two years, according to Oman Power and Water Procurement Company (OPWP). As per their project founders agreements, Oman’s independent water projects (IWPs) and independent power projects (IPPs) are required to offer a minimum 35 per cent of their share capital to the public through the IPOs within four years of the incorporation of the company. 6 power and water firms to launch IPOs in next 2 yearsDME GmbH2019-03-25T09:05:51+01:00
IIT-Madras sets up India’s 1st solar-powered desalination plant – India CHENNAI: The technology behind desalination plants may appear simple extract seawater, remove salt, make freshwater but operating such plant is a power intensive and can also pollute the environment through toxic brine (salts) effluents. After it was realized that the solution to tackling water scarcity lay in seawater and the Sun, a team has now set up the country’s first solar-powered desalination plant, with a capacity to generate 10,000 litres of freshwater a day, on 120sqm near Vivekananda Memorial at Kanyakumari. The […] IIT-Madras sets up India’s 1st solar-powered desalination plant – IndiaDME GmbH2019-03-21T08:56:52+01:00