754 articles in United Kingdom
Suez and Veolia continued their return to favour with the markets. The two companies’ share prices are up more than 20% since the beginning of November.
Much of the action this month has been in the industrial wastewater sector where both Veolia and Suez have announced major outsourcing contracts. Veolia won a €1 billion contract from French car manufacturer, PSA.
Eight bidding parties pre-qualified for an estimated m-m contract to build, own and operate a 22,500m3/d seawater RO plant in Nassau, capital of the Bahamas.
The bank has been breaking the multilateral mould. The EBRD Municipal and Environmental Infrastructure team sees itself as being at the forefront of innovation in the multilateral lending community. In addition to its equity investment in United Utilities’ central European portfolio reported in last month’s GWI, it broke new ground in a number of other deals.
The Scandinavian SWTP consortium awarded a €2.5m contract to Dorr-Oliver Eimco UK to supply all the sedimentation equipment for the Southwest WwTP in St Petersburg, Russia.
Securitising the revenues from the reservoir will keep the regulator happy. But the rating agencies are taking their time.
Water underperformed yet again in 2003. But not for much longer.
Multilateral lenders are having to innovate to attract interest in emerging markets. The EBRD has taken an audacious step.
Ofwat seems unimpressed by the economies of scale in the water sector as it prepares to publish research into the issue.
For the first time, UK water companies are facing competition in their backyard. It is a start.