Vol 4, Issue 12 (December 2003)
Need to know
ITT Industries continued to build its position in the water sector with the 3 million acquisition of Wedeco, a German manufacturer of ozone oxidation and ultraviolet (UV) disinfection equipment.
- COMPANY NEWS/PUBLICATIONS
Veolia’s third-quarter figures showed top line sales dip 1% to €8,334 million, primarily as a result of a 4.9% negative exchange rate movement.
The courts have provided Covanta Tampa Construction with more time to get the Tampa Bay desalination facility to meet its performance targets.
The UK’s Ministry of Defence (MoD) awarded Package C of Project Aquatrine to the C2C consortium of Costain, Ove Arup & Partners and Severn Trent.
- A gift from God
Low tariffs are one of the most significant barriers to the expansion of desalination.
- Not quite dead in Kyoto
Actually it has been a good year for the Millennium goals.
- ADWEA sets agenda for Taweelah IWPP
The project involves the acquisition of existing assets and a capacity extension. At 2,000MW and 825,000m3/d, it is a big deal.
- Apulia and Basilicata move towards deal
An agreement over water transfers would remove a significant obstacle to privatising one of Italy’s largest water authorities.
- Arbitrators up the stakes in Manila
Maynilad water is probably a write-off, but the fight to stop further cash going into the failed project goes on.
- Cartel office bars RWE acquisitions
Germany’s Federal Cartel Office has capped RWE’s domestic ambitions: creating an opportunity for others.
- China BOT deals: are they for real?
Even the insiders have their doubts.
- Corporate deals in 2003
See attached image.
- Covanta gets more time to save Tampa Bay
The troubled contractor’s bankruptcy move has won it at least three more months. GWI’s US correspondent Larry Chertoff looks at the chances of the desal plant’s success.
- DEWA considers Jebel Ali hybrid option
Mott MacDonald is to carry out a pilot plant study. The main question is can RO handle the harsh gulf waters?
- Essan & Essco concessions sold
Chile continued the trend of awarding deals to local companies last month.
- Evolving the UK regulatory regime
Stone & Webster’s Dr Tony Ballance argues for mergers and a better alignment of interests in the UK market.
- Germany split over water liberalisation and privatisation
Private sector participation seems to be advancing at a very slow rate in Germany. GWI looks at what might speed it up.
- Ministry endangers Israel’s desal plans
The finance ministry doesn’t want to carry the cost of increasing the capacity of four proposed desalination plants by 50% but the banks may not finance the projects without the increase.
- Private water rises above setbacks
The private water industry was up 6.1% in 2003 despite high-profile contract losses.
- Sao Paulo City guns for Sabesp
It is setting up a regulator in a bid to control Sabesp. But it might do a deal instead.
- South East Water goes for thin equity
Macquarie Bank is looking at options to gear up its newly acquired water company.
- The deals that made a difference
GWI has selected five deals which we believe broke new ground for the international water industry in 2003.
- Tianjin faces water shortages
Developing new water sources will be a priority for the Chinese city.
- United tries new partnership model
With the big city contract operations market shutting down, Suez’s US arm has been trying a new way of packaging its expertise.
- Water projects in 2003
See attached image.
- Who gained what in 2003
Suez and AWG are out of the picture, but RWE/Thames has bounced back.
- Zecon secures $1billion works contract
If NS Water wins the concession for Malaysia’s Negeri Sembilan state, it wants a related company to do the works.
- Some joy for UK water companies at half way
Pennon and Kelda did well. AWG is improving, but doubts continue about United and Northumbrian.