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Doosan’s MSF proposal wins the day at Ras Azzour

The Saline Water Conversion Corporation (SWCC) has awarded Doosan Heavy Industries the $1.76 billion engineering, procurement and construction (EPC) contract for the world’s biggest desalination facility, after the Korean company slashed nearly $200 million from its original bid price.

The combined water and power plant at Ras Azzour in Saudi Arabia will produce 1,025,000 m3/d ...

Thames Water sees £1.8bn of demand for new sub bond

Thames Water visited the subordinated bond market this afternoon for the second time in under two months, raising £300 million of 20-year non-call 12 Class B notes, complementing the £550 million shorter-dated issue which priced in mid-July.

The new issue drew £1.8 billion of investor interest at the pricing level of 250 basis points over the 4% 2022 Gilt ...

Posco/ACC win scheme to refill Abu Dhabi’s aquifers

The EPC contract for a groundbreaking project in Abu Dhabi to replenish desert aquifers has been awarded to a consortium including Posco and the Arabian Construction Company.

The scheme will inject 7 MIGD (31,815m3/d) of water into the Liwa aquifer, with the capacity to supply Abu Dhabi city and the surrounding area with up to 40 MIGD (181 ...

Severn Trent marks first victory in Irish DBO market

Severn Trent Services has secured its first design-build-operate contract in Ireland, and expects to ink key documents in the coming weeks for a €25 million 20-year deal to construct and operate a wastewater treatment plant in Letterkenny in County Donegal.

STS won the contract in joint venture with County Cork-based Response Group, and the victory comes just months after the ...

Layne beats market consensus with strong Q2 numbers

Layne Christensen shares opened nearly 4% up after the company released better than expected second-quarter results this morning, though the share price lost ground as the day progressed. The Q2 EPS number came in at $0.33 – comfortably above the market consensus – on net income of $6.5 million, against a loss of $8.6 million in Q2 last year ...

Review favours Western Australian govt’s desal plan

An independent review conducted by KPMG and Worley Parsons has found that the Western Australian Department of Water’s proposal for a phased desalination facility is the most effective option for treating saline water flows in the Collie River.

The salinity of the Wellington Reservoir – caused by deforestation along the Collie River – has already been reduced from 1,300mg/l ...