Cadiz seeks approval for Mojave storage project
- From: Vol 3, Issue 6 (June 2002)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Cadiz Inc, Haustus Water Group, ING and Schwab Capital Markets
Final approval of Cadiz’s water storage project in California’s Mojave desert is expected in the next few months.
Once the project is sanctioned, the Metropolitan Water District of Southern California (MWD) will pay Cadiz to store water from the Colorado river when a surplus is available and to use stored water in
case of a shortage. The innovative deal has been in the making for over five years and is MWD’s first public-private partnership (PPP) of note ...
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