FUNDING FUN
- From: Vol 10, Issue 6 (June 2009)
- Category: Need to know
- Region: Unspecified
- Related Companies: Aqualyng, GE Infrastructure Water & Process Technologies, Glegg, Ionics, Osmonics, Poseidon Resources and Zenon Environmental
* The financial environment is also having an impact on desalination.
* Aqualyng has been struggling to close the financing of its 20,000m3/d project in Ghana, and has been forced to cut its workforce by 50% in order to conserve capital while it raises $50 million new equity.
* Another company which has been hamstrung by project delays is GE Water. Merrill Lynch analyst John Inch thinks it is time GE ...
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