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In Global Water Intelligence this month
Need to know
- Evoqua is set to price its initial public offering on the New York Stock Exchange later this month at an implied equity valuation of just over $...
- The EV/EBITDA multiple looks to be somewhere in the mid-teens, partly thanks to the acquisitive growth path that AEA has embarked on over the past 18 months. The choice of...
- Suez completed its $3.4 billion takeover of GE’s water business on 30 September, leapfrogging Evoqua to take a spot among the...
- The enlarged Suez group will almost certainly emerge as the world’s leading desalination plant supplier when the final cut of data comes in for the next World Wide Desalting Plant Inventory. This year’s data shows that...
- The Middle East continues to be a cornerstone of growth in terms of desalination capacity building, despite higher tariffs in Abu Dhabi having resulted in a marked...
- Spain’s powerful irrigation lobby used to be among the greatest hold-outs against desalination, preferring instead to take vast quantities of water from the Tagus-Segura pipeline at a quarter of the cost. Now, with drought in Iberia...
- The signing of a new watersharing treaty between the US and Mexico brings with it the possibility of more desalination and reuse infrastructure in...
- A series of developments over the past month have reinforced a sense of cautious optimism around the pipeline of privately financed water projects in the US. This time, however...
- The adoption of designbuild delivery to the point that it can no longer realistically be described as “alternative” should help this trend, and a new report from...
- The options for privately financed treatment plants in Vietnam, meanwhile, are limited only by the risk appetite of project developers. If you are prepared to...
- Korean small and medium enterprises are reaping the benefits of K-water’s efforts to internationalise its ICT-optimised approach to integrated water resources management. Korean state spending on smart water also seems to be...
- In Saudi Arabia, meanwhile, attempts to further raise water tariffs have hit the buffers after last year’s unpopular hike. While plans to slash subsidies and raise prices on fuel and electricity have...
- The US Bureau of Land Management issued a letter to Cadiz Inc. earlier this month stating that the company needs no further authorisation to...
Charting the progress of over 900 Desal, Reuse and PPP water projects in the international water industry.Download a sample
Latest Tracker Updates
|Wellawatta WWTP||Sri Lanka||13 Dec 17||The submission...||WWTP|
|Core Area Wa...||Canada||13 Dec 17||Hartland Resou...||WWTP|
|Umm al Quwai...||United Arab Emirates||13 Dec 17||The bid submis...||Desal|
|Sfax||Tunisia||13 Dec 17||Sonede has rec...||Desal|
|Jatiluhur 1||Indonesia||12 Dec 17||Perum Jasa Tir...||WTP|
What's making the news in global water projects this monthProject tracker
US water P3s – without the hype; New Zealand’s new model alliance; Cape Town gets pragmatic on desalination pipeline; Japanese concessions gain steam; India’s hybrid breeding programme; New plants for old in Abu Dhabi; all the latest project news from around the world.
GWI Water Index
A continued decline in the 10yr Treasury yield has enhanced the prospect of a sustained rally in regulated US utility stocks. It helped the GWI Water Index to hit another new high.
Water on the markets this month:
|Global Water||162.43||0.93%||Value on 10 Nov|
|Asian Water||121.45||0.52%||Value on 10 Nov|
|EMEA Water||101.00||0.75%||Value on 10 Nov|
|Americas Water||240.48||1.24%||Value on 10 Nov|
Appetite for new desalination capacity is growing, but progress is frustratingly slow in some areas. What are the market dynamics?
With the new Worldwide Desalting Plant Inventory published this month, we take a look at the largest desalination production centres in the world.
Learning to sell life insurance to immortals
Christopher Gasson argues that private finance is more about risk transfer than a lender of last resort.
Chart of the monthChart of the month: Worldwide contaminant limits
This month’s chart comes from GWI’s Global Regulations Package, a new database and digital report covering water, wastewater and sludge treatment standards which will be published on 24 October.
Last month the Global Water Leaders’ Group launched a new initiative to highlight the achievements of the top performing utilities in the world. It has ambitions to change the way the water industry works.
Singapore PUB’s chief executive Peter Ng has another goal in mind: being the best for Singapore. It means pursuing impossible performance targets, pushing the boundaries of technology, and still worrying about how to win the trust of customers.
Chief Technology Officer
Smart Water Watch
The resource recycling methods of an industrial ecosystem in a Danish town has brought numerous economic and environmental benefits. Where are the opportunities going forward?
AmericasAEA readies revamped Evoqua for $500m New York IPO
After four years of ownership, AEA Investors is poised to hand over a profitable water pureplay. Has bulking up on EBITDA created strategic long-term value?Design-build sheds its ‘alternative’ status as client uptake advances to the next level
A steady rise in the proportion of US water projects procured using design-build delivery has gone hand in hand with a trend towards increased collaboration between client and contractor. Who are the real winners in this evolving market segment?Getting collaborative about P3 delivery in water
Introducing a progressive element into the delivery of P3 projects in the water sector could stimulate more deal flow by offering clients a greater say in a project’s outcome. The concept is not popular with everyone.Discussion around US water P3s reaches a new level of maturity
More and more public authorities are embracing the possibility of delivering water infrastructure using private capital and expertise. Despite the diversity of projects in the pipeline, the market is realistic about how this will translate into deal flow.Santa Clara’s P3 decision is just the beginning
The decision to pursue a P3 delivery method for a major reuse project in California puts an end to 18 months of market uncertainty. The client still needs to resolve a host of other issues before it can move forward with the project.US military outsourcing turns a corner as the pace of procurement quickens
The award this month of two military water privatisation contracts in the US prefigures a strong pipeline of additional opportunities. As public and private sector players compete for a slice of this lucrative market, how will operators look to differentiate themselves?New collaborative water infrastructure deal agreed on the US-Mexico border
As the US and Mexico face off on thornier political issues, the two countries have struck a deal to extend the water-sharing provisions of the 1944 Colorado River Treaty. Ongoing collaboration will see the US invest in water infrastructure south of the border.Brazil’s new roadmap for wastewater capex
A new study published this month provides a unique level of granularity on Brazil’s wastewater investment needs. A holistic approach involving reuse from the outset will depend on a policy change at the federal level.Spending smarter, not harder
As the argument over who should fund water infrastructure rolls on, utilities are finding alternative ways to save, says Debra Coy.Americas water in brief
The US Bureau of Land Management has issued a letter to Cadiz Inc. stating that the company needs no further authorisation to build its proposed water conveyance pipeline along an existing railroad right-of-way.
Asia pacificDarco-InfraCo team pioneers water concessions in Vietnam
A Singapore government-brokered partnership between Darco Water Technologies and InfraCo Asia is treading virgin ground for foreign companies in Vietnam. Bearing the demand risk is the price to pay for getting back into the asset ownership business.InfraCo Asia dives into water sector
A joint venture with Darco will be InfraCo Asia’s first investment in the water and wastewater treatment industry. It will be looking for a quick exit.IFC eyes Vietnam water player DNP
Dong Nai Plastic Company, which has built up a portfolio of five water projects and utilities in Vietnam, has piqued the IFC’s interest. An equity injection is on the cards.K-water launches Korean SMEs abroad while scaling up its smart water strategy at home
With the Asia Water Council’s initiatives abroad gathering pace, K-water has set up a platform for channelling Korean SMEs to overseas opportunities. Efforts to tackle consumer mistrust of tap water mean that there is a lot of SME smart water know-how to be unlocked.New Zealand alliance activity picks up pace
Two councils are embracing alliances as a way of streamlining water, wastewater and stormwater services. Splitting plant and network management is a new approach.Asia Pacific water in brief
Chinese state-owned giant Shenhua Group has awarded the engineering and procurement contracts for coal-to-chemical and mining wastewater treatment at its Ningdong Energy Base in Ningxia Province.Reflections on water
Chinese water companies have a responsibility to drive the industry forward, argues Willy Yeo.
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EuropeSpain entertains desalination capacity boost for farmers
The Spanish agricultural lobby has reluctantly embraced desalination after the Tagus- Segura pipeline dried up earlier this year. Do the long-term economics stack up?Suez looks for accelerated industrial growth after softer first half
Having catapulted itself into the premier league of global industrial water suppliers through the acquisition of GE Water, Suez is now faced with the challenge of growing the top line of the combined business at a rate of 5% a year. What is its strategy?Evac set to cruise to market-beating growth under new ownership
The Finnish water and waste company wants to double its revenue base under new owner Bridgepoint. It still lacks exposure to one of the most hyped growth areas in the market.Yorkshire Water mulling debut ‘social bond’
As monopolies, water utilities have never had to worry too much about the wider benefits their interventions have on society at large. The sector’s first ‘social bond’ is set to challenge that notion.United Utilities pushes the envelope on CPI
A new 40-year bond linked to the consumer price index is believed to be the longest ever issued in this format by a UK water utility. With demand sporadic at best, what will it take to bring CPI-linked debt into the mainstream?Fatbergs and the silo mentality
Joined-up thinking could mean the sewer blockages facing Thames Water could be turned into an opportunity, says David Lloyd Owen.Europe water in brief
The UK Labour Party’s plans to buy back outstanding PFI contracts if it gets into power were met with disdain by industry body CBI, which said in a statement that the party’s “vision of massive state intervention is the wrong plan at the wrong time.”
Middle East and AfricaUAE slashes water demand – but desal market forges on
Tariff management has paid off for Abu Dhabi, with the emirate cutting water demand forecasts significantly. As the priorities for its still-buoyant desalination market shift to new technology and lower energy usage, is the end of thermal desal in sight?New energy sources join the mix
The cost of energy from burning natural gas is estimated at around $0.07/kWh in Abu Dhabi. With the price of alternatives tumbling, and the security and cost of gas under the spotlight, new sources are emerging.Consultants wait for formal Muscat shortlist
The sultanate is imminently expected to confirm a shortlist of consultants to advise it on a radical water sector restructuring programme. The chosen team will help formulate a programme that will revolutionise water and wastewater services in the country.Network and billing problems put new Saudi water price rises on ice
Problems with piping, metering and billing have put a halt to the Kingdom’s much-needed, but controversial, water tariff restructuring plans. With further consumer price rises off the cards for now, improving network efficiency will be a priority.Middle East water in brief
The European Investment Bank (EIB) could have its remit extended to Iran under a proposal being considered by the European Commission.Totex thinking’s white knight
A rising tide of PSP in all its forms will make life easier for equipment suppliers in the Middle East, argues Tom Scotney.