Global Water Intelligence Magazine

Jan 18 cover

Vol 19, Issue 1 (January 2018)

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In Global Water Intelligence this month


Need to know


PERFORMANCE
  • The GWI Global Water Index underperformed the main stock market benchmarks last year, but water-themed funds still reported a good year. Pictet raised so much new money that...
  • The strategies which made money last year were backing Veolia rather than Suez; US investor-owned utilities rather than...
  • Japanese ultrapure water specialist Kurita Water Industries was the top performing big water company in our index, seeing its shares increase in value by...
THINKING BIG
  • The Abu Dhabi Water & Electricity Authority announced plans to build the largest membrane desal plant in the world at this month’s International Water Summit in Abu Dhabi. The plant...
  • ADWEA also inaugurated its $430 million Liwa aquifer storage and recovery scheme. It is the first large-scale...
  • Israel is also looking again at large-scale desal. After five years of drought, it is...
HOCUS POCUS
  • Hyflux, the Singapore-based desalination plant developer, has announced plans to spin off its consumer business via a separate listing. It will come as a relief to investors who have become increasingly bemused by...
  • The water sector has attracted its first corporate fundraising via a coin offering. Genesis Research & Technology Group, which has a patented chemicalfree produced water treatment system, is hoping...
SMART MOVE
  • Evoqua has snapped up former Dow Water & Process Solutions CEO Snehal Desai after he was moved by Dow-DuPont into a job with a title that sounded like it was in the corporate parking lot. Desai’s title at Evoqua will be...
MEMORIES
  • Nearly 80 companies, including 35 international ones, have expressed interest in taking part in Argentina’s $9.5 billion public-private partnership programme aimed at returning...
  • Peru’s ProInversión has outlined plans to tender $4.5 billion in PPPs in 2018. See our Project Tracker for details...
  • National Water Company CEO Mohammed Al Mowkley lays out his plans for a twostage privatisation of Saudi Arabia’s water utility sector...
AMERICAN FINANCE
  • Bond issuance by US local government institutions is set to fall by 31% this year as a result of recent changes to the Federal tax code, according to...
  • Some cities on the East Coast are already running out of financing options. Lease contracts are starting to be discussed as possibilities for...
BUYING AND SELLING
  • Water sector M&A may have picked up last year, but growth capital investment in technology companies was down, reflecting the fact that...
  • Mueller Water is investing again after a period of lightening its balance sheet. CEO Scott Hall has the leverage to spend up to $...
  • The world’s largest private desalter, ACWA Power, is looking to appoint banks to handle its initial public offering. The Saudi-based company produces...

Project Tracker

Project Tracker

Charting the progress of over 900 Desal, Reuse and PPP water projects in the international water industry.

Download a sample

Latest Tracker Updates

Project Tracker Database
(Subscription Requried)
PROJECT COUNTRY UPDATED STATUS TYPE
FGUA O&M, FL United States 20 Jul 18 The shortlist ... Utility
Michelson WR... United States 20 Jul 18 At its meeting... Reuse
Los Alisos M... United States 20 Jul 18 At its meeting... Reuse
Hajipur STP India 19 Jul 18 The bid submis... WWTP
Muzaffarpur/... India 19 Jul 18 The bid submis... WWTP

What's making the news in global water projects this month

Project tracker

RO record-breaker revs up at Taweelah; Argentina’s new friends; Corpus Christi’s wastewater P3 plans advance; Chile’s desal projections rise; Peru unveils tender timetable; Spanish private water in France; how to do business in the Philippines; all the latest project news from...

Intelligence


GWI Water Index


Water on the markets this month:

GWI IndexValueChangeDate
Global Water154.54-3.56%10 Jun
Asian Water104.62-6.53%10 Jun
EMEA Water90.98-3.01%10 Jun
Americas Water245.89-2.12%10 Jun

The List

Who paid what for water assets in 2017?

With the engineering sector consolidating, and an unusually large number of infrastructure assets changing hands, last year was a big year for dealmakers – topped, of course, by the deal of the decade: Suez’s acquisition of GE Water.


 

Christopher gasson Explaining underperformance

Christopher Gasson asks what the stock market is telling us.


Chart of the month

Chart of the Month: M&A Flows in Water in 2017

2017 saw a record number of mergers and acquisitions completed in the global water market, while the aggregate transaction value of all the deals captured in GWI’s database last year was the highest since 2011.


Chart of the month

 

Water Leaders

Introducing the Leading Utilities of the World

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.

Being the best in the world is not our job

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

User Perspectives

ABP grabs the bull by its horns with resource recovery drive

Irish beef manufacturer ABP Food Group is turning its own waste into an asset by delving more into the circular economy. GWI discovers how it derives value from its nutrient-rich wastewater and what’s next for the food giant. Read more

Smart Water Watch

Keeping heads above water with satellite image analysis

Satellite image analysis companies such as Utilis and Satelytics are offering utilities a new perspective on their networks. Can this small step offer utilities new insights or is it a giant leap too far? Read more

CTO Outlook

Taking the P in the circular economy

Wabag’s experience as an EPC contractor as well as a solid track record of in-house technology development has put it at the vanguard of innovation. CTO Kim Soerensen shares how Wabag is responding to the key trends of water recycling and more advanced treatment. Read more

See the latest technology updates on the Chief Technology Officer Homepage...

Americas

Argentina’s new PPP roadmap

The Interior Ministry is seeking a “competitive dialogue” with the private sector to make its $10 billion water PPP push a reality. Bankable projects could still be some way off.

Funding cuts threaten efforts to accelerate Superfund site remediation

The EPA has prioritised speeding up the remediation of hazardous waste sites under the Superfund programme, but with funding under pressure, it will take something special to accelerate the number of opportunities for groundwater remediation specialists.

Pipeline of large-scale US municipal water opportunities shifts sideways

Pushback from Pittsburgh and Atlantic City on possible water privatisations has left business development officials scrambling for new leads. Could a long-term concession in Baltimore prove more workable?

Mueller Water steps up digital growth strategy

The company derives the bulk of its revenues from mature markets with sluggish growth prospects. By leveraging its digital capabilities, it is already opening up new paths for expansion. CEO Scott Hall outlines his vision to GWI.

Debra coy Game of Loans

The seeds of a potential bipartisan deal on infrastructure may be starting to emerge, writes Debra Coy.

Americas water in brief

As GWI went to press, the Sierra snowpack in California stood at 22% of normal for the time of year, equivalent to 11% of the 1st April average. On the same day last year, the snowpack stood at 154% of normal.


Asia pacific

JV model sees private water spread across the Philippines

The rise of the unsolicited joint venture model has seen long-term private water contracts spread across the Philippines. The lack of competition and regulation is cause for concern.

Six strategies

Lax regulation means private water companies are emerging on six fronts.

Dhaka’s utility turns its focus to wastewater after water supply turnaround

As DWASA rides the wave of development finance from water to wastewater coverage, GWI finds out where the opportunities are, and what’s next for the Bangladeshi capital.

DWASA’s NRW reduction masterclass

Solving the NRW problem was a major criterion for deepening development bank involvement in the city. How did the ADB’s initial loan make this possible?

Willy yeo Happy New Gear!

In the face of China’s growing influence across Asia, GWI’s Willy Yeo looks at the challenges and opportunities its neighbours face.

Asia in brief

Singapore’s Public Utilities Board has launched three requests for proposals under a S$30 million research grant. It is calling for new solutions in 1) low-energy desal and water reuse; 2) industrial water stewardship; and 3) smart water technologies.

Europe

Moody’s fires warning shot on UK water’s credit quality

The ratings agency has unveiled its most comprehensive analysis yet on the impact that Ofwat’s proposed price settlement could have on UK water companies’ debt service costs.

Spanish firms take on Suez and Veolia in France

A new competitive environment has convinced Spanish private water operators that they can break into the French delegated public service market. What will it take to break a 165-year deadlock?

David lloyd owen Wheels within wheels

David Lloyd Owen takes a look at how a utility can sustain itself – even in the face of ongoing water insecurity.

Europe in brief

The EIB is proposing to invest €50 million in the €200 million Pearl Environmental Infrastructure Fund, which plans to invest in wastewater treatment plants, energy efficiency facilities and waste-to energy installations in Europe.


Middle East and Africa

Al Mowkley spells out his ambitions for NWC reform

The National Water Company is on the verge of appointing advisors to push ahead with the process of privatising its network operations. The company’s CEO envisages a twostage process designed to double the speed of performance improvement.

Christopher gasson What will it take to make Saudi privatisation work?

Christopher Gasson identifies the challenges the NWC and its advisors face when bringing private capital into the Saudi water sector.

Desalination and aquifer recharge combine as Abu Dhabi spends big on water resilience

Abu Dhabi is planning to lean on a groundbreaking new desert aquifer storage and recharge system to manage peaks of water demand in the emirate. Desalination building continues apace, however, with a newly launched project set to break records for membrane desal.

Drought-hit Israel returns to desal building

A few years after declaring the country’s water infrastructure future-proof, authorities are now putting desal projects back on the menu.

Tom scotney Waving the flag for resilience

The fact that utilities are looking beyond supply-side solutions is not necessarily bad for contractors, says Tom Scotney.