AquaVenture Holdings Limited, Florida, USA, about to purchase majority of Teshie-Nungua Desalination Plant of Abengoa’s subsidiary Befesa Desalination Developments Ghana Limited (BDDG)

AquaVenture Holdings Limited, a water solutions company based in Florida, United States of America, is set to purchase majority shares in the Teshie-Nungua Water Desalination Plant. According to available information, the transaction is structured as the purchase of the entire share capital of Abengoa’s subsidiary that holds a 56% economic interest in Befesa Desalination Developments Ghana Limited (BDDG), the Ghanaian company that owns the plant. According to PRNewswire, which broke the news on Thursday, “The base purchase price for this interest is approximately $26 million, subject to adjustment in accordance with the purchase agreement.” It adds that completion of […]

AquaVenture Holdings Limited, Florida, USA, about to purchase majority of Teshie-Nungua Desalination Plant of Abengoa’s subsidiary Befesa Desalination Developments Ghana Limited (BDDG)2018-03-01T14:03:24+01:00

Ghana Water buying desalinated water at about 1,25 €/mÂł from Abengoa sub company – Ghana – Teshie-Nungua

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The Ghana Water Company Limited (GWC) loses GHc 6 million monthly by operating the Teshie-Nungua Water Desalination Plant. Citi News checks indicate that that the GWCL makes payment of GHc 8 million a month to the financiers of the project, although it makes only GHc 2 million by supplying treated water from the plant. The plant has the capacity to desalinate 13 million gallons of seawater a day. More generally, desalination refers to the removal of salts and minerals from a target substance, as in soil desalination, which is an issue for agriculture. In this case however, saltwater is desalinated […]

Ghana Water buying desalinated water at about 1,25 €/mÂł from Abengoa sub company – Ghana – Teshie-Nungua2017-10-04T15:48:55+02:00
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