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In Global Water Intelligence this month
Need to know
This graphic comes from our recently published report, Financing Water to 2030. It illustrates the capital flows in the sector, and shows that around 7% of...
- Saur has mandated Morgan Stanley, BNP Paribas and Natixis to co-ordinate the sale of a majority stake in the group’s equity, and plans to send an information memorandum to around 20 prospective bidders on 23 April...
- So who will buy Saur? It has got a nice digital offering which enables it to run small community water systems efficiently. Given that struggling sub-scale utilities are a problem the world over, there is a huge potential market for Saur’s expertise outside of France. The best buyer will be someone who can capitalise on this, rather than simply wave the Tricolore. Our top pick would be...
- Private equity titan KKR might have been a possible buyer of Saur, but it seems to be pulling out of water...
- Australian infrastructure manager IFM Investors might be another name to put in the hat for Saur. It has just signed a €1,024 million deal to acquire a 49% stake in FCC Aqualia...
- Madrid’s scandal-hit public water company, Canal Isabel II, has mandated Santander to oversee the sale of its sprawling portfolio of non-core water interests...
- Blackstone has backtracked on its mega-infrastructure investment vehicle, and is now reportedly seeking to raise $15 billion, as opposed to the $40 billion it had touted less than a year ago...
- US asset manager Black-Rock, meanwhile, is understood to the mystery majority equity partner on Consolidated Water’s upcoming desalination project at Rosarito in Mexico...
World Water Council chairman Benedito Braga (in red tie) presented the Council’s flag to the president of the organising committee of the 9th World Water Forum, Abdoulaye Sene (in white hat), at the closing ceremony of the 8th World Water Forum in Brasilia last month. The 9th Forum will take place in Dakar, Senegal in 2021...
- The market for long-term integrated 24/7 water supply contracts in India is attracting increasing interest from international private water operators...
- In China, specialist wastewater treatment services for industrial parks look set to be a growth market, as higher regulatory standards for discharge into public sewers start to bite...
- Aquarion AG has raised €15 million of new money via a convertible loan from the Sustainable Growth Fund. It is a new beginning for the company, whose development has often looked like a game of snakes and ladders...
- Infrastructure investor Ancala Partners has acquired a mature PFI (private finance initiative) contract serving Ministry of Defence sites in Wales and southern England. In February, the firm – which likes to think of itself as having an ultra long-term investment horizon – snapped up Portsmouth Water...
- Saudi Arabia’s Water and Electricity Company is moving ahead rapidly with the list of projects it wants to tender to private developers...
- State-owned industrial utility groups in the Middle East are increasingly joining project development consortia as the sheer volume of PPP projects in the pipeline creates opportunities for operators...
- Meanwhile, at a much slower pace, the Libyan desalination market is grinding back into action. The Beidabased “Tobruk government” is reported to have issued a letter of credit to VA Tech Wabag to enable it to start building a 13,333m3/d thermal desal unit...
- Egypt, too, wants to increase its municipal desalination capacity...
Charting the progress of over 900 Desal, Reuse and PPP water projects in the international water industry.Download a sample
Latest Tracker Updates
|Inland Empir...||United States||17 Aug 18||This project w...||Reuse|
|Stock Island...||United States||17 Aug 18||This project w...||Desal|
|Jackson Coun...||United States||17 Aug 18||This project w...||Reuse|
|Louisville b...||United States||17 Aug 18||This project w...||WWTP|
|Northwest WT...||United States||17 Aug 18||This project w...||WTP|
What's making the news in global water projects this month
GWI Water Index
Beijing Enterprises Water Group’s full-year results acted as something of a barometer of sentiment in the wider Chinese water market this month. To what extent is it now a ‘buy’?
Water on the markets this month:
|Global Water||151.95||-1.68%||10 Jul|
|Asian Water||97.61||-6.70%||10 Jul|
|EMEA Water||89.43||-1.70%||10 Jul|
|Americas Water||247.32||0.58%||10 Jul|
The end of cheap money
Christopher Gasson looks at how China sets the world price of water.
Chart of the monthPredicting global tariff rises
This month’s chart comes from our latest report, Financing Water to 2030.
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
US thread and textiles mammoth American & Efird boasts industry-leading sustainability practices, including water reuse systems. As concerns and regulations around water issues in the sector rise across the world, GWI discovers how it plans to stay ahead of the curve.
Smart Water Watch
As digital and connected technologies become commonplace in distribution networks and treatment plants, water utilities are increasingly becoming targets of cybercrime. Utilities will have to conform with new security regulations or face unforgiving penalties.
Acciona Agua has put an ever-stronger emphasis on digital technologies in its business as it looks to keep one step ahead in an increasingly competitive EPC market. GWI talks to its digital leads Alejandro Beivide and Frank Zamora to hear more about the strategy.
AmericasProactive contract operators fend off stagnant growth
2017 was an eventful year for private water operators in North America, but the market has presented few new opportunities for growth. What are the top players doing about it?Bidding consortia regroup as Silicon Valley reuse P3 moves forward
Three new teams have joined the list of groups vying for a landmark indirect potable reuse project in California. The recalibration of the previously pre-qualified consortia is equally interesting.A new paradigm for private desal in Mexico
The signing of a funding commitment for a new SWRO plant at San Quintín marks a major step forward for Mexican desal infrastructure.Performance bonds poised to go mainstream
A ‘pay for success’ model pioneered in Washington, DC which hedges the risks associated with green stormwater infrastructure will soon be replicated in Atlanta and Baltimore. More cities are poised to follow suit.Attacks drive cybersecurity to the fore for US water utilities
A cybersecurity alert issued by the US government last month was swiftly followed by a crippling ransomware attack on the City of Atlanta. As the water sector increasingly embraces the Internet of Things, the risks of cyberattacks are becoming more acute.Pitching the rate of return
Legislators and public rate-setters need to make sure they do not price out successful utilities in California, says Wes Strickland.Americas in brief
American Water’s pending $365 million purchase of domestic warranty business Pivotal Home Solutions will bolster its homeowner services division by adding a further 1.2 million customer contracts across 18 states. American raised 2.32 million new shares at $80.50 each to part-fund the deal.
Asia pacificIndia’s outsourced operations market reaches maturity
The evolution of 24/7 water supply projects in India has resulted in a steady pipeline of long-term performance-linked O&M opportunities. Who is best placed in this market?Chinese industrial park users weigh up their options for wastewater treatment
Over half of China’s industrial parks rely on municipal WWTPs to treat their wastewater flows. Industries will increasingly be required to install their own effluent treatment facilities in order to meet higher discharge standards.Making it CITIC
Willy Yeo reveals his new favourite Chinese water company.Asia in brief
The Asian Infrastructure Investment Bank (AIIB) released its ‘Strategy on Mobilizing Private Capital for Infrastructure’ this month, setting itself the long-term goal of becoming a ‘go-to’ institution for infrastructure financing solutions in emerging markets.
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EuropeAquarion AG to beef up M&A activity ahead of 2019 IPO
A new €15 million loan will help the industrial water specialist to reach the critical mass it needs before going public next year. Recurring revenues are a key part of the strategy.Saur to retain tight control over sale process as majority stake goes on the block
The French company’s major shareholders are preparing to sell the bulk of the company by the end of 2018. Management has put a series of measures in place to avoid a repeat of 2013, when the group was brought to its knees by a creaking debt load.IFM diversifies its European water portfolio
A 49% stake in Aqualia will give IFM its first new water investment since 2006. It is already lining up the next deal.Ancala expands its water footprint in the UK
The London-based infrastructure investor has taken on both regulated and non-regulated water assets in the UK. Where can it go next?EnviroChemie targets UK industry
An opportunistic acquisition has brought the company a new blue-chip client base.UK valve start-up targets ambitious growth
A new funding round will enable university spin-out Oxford Flow to reach a larger customer base. It is already eyeing more capital.ACS to fund desal and reuse with green bond
While desal projects dragged the ‘green’ component of a new bond down, a hydro-powered reuse plant in Peru achieved a perfect 100.Ofwat sets out its strategy for curbing excessive returns
The regulator’s incumbent chairman was one of the major beneficiaries of financial engineering when he served as CEO of Anglian Water. Now he is under pressure from government to ensure companies share any financial outperformance with customers.Europe in brief
Suez Ventures has taken a stake in digital water start-up Hydrelis, which measures and controls water leakage in buildings using machine learning technology.An appetite for data collection
Smartphones can address the data drought holding back the achievement of contamination targets, says David Lloyd Owen.
Middle East and AfricaWEC prepares for PPP take-off
Saudi Arabia’s central water offtaker has published RFPs for two major new projects in the last month: the Shuqaiq 3 IWP and the Jeddah Airport 2 ISTP. The deal flow is set to crank up further as it takes on more responsibilities.Glut of PPP projects brings new state-owned players to the market
International project developers are struggling against suppressed returns on project equity due to the number of project opportunities. New developers are stepping up.Egypt lays out its 20-year desalination plans
The country wants to increase its portfolio more than sixfold by 2037. The process of expansion is already well underway.Rise in UAE water demand leads to boom for private wastewater concessionaire
One of the region’s most groundbreaking concessions is set to double in size, courtesy of its first expansion since being signed in 2004. Growing sales of treated sewage effluent will play a key role for concessionaire Tanqia.Fragmented Libyan authorities push desal
The need and the appetite for desalination in the troubled country is intense. The ability to deliver the infrastructure is less clear.New fund to boost African non-sewer sanitation
Piped sanitation is a pipe dream for many African cities. A new fund could make the alternatives much more palatable.Progressive African cities learn from RASOP’s fable
A series of bankable non-sewer sanitation projects has emerged from a programme designed to inspire African cities to clean up.Middle East in brief
Egyptian contracting giant Orascom Construction has cited growth in its water division as a key driver behind positive 2017 results.Looking past the end of history
Tom Scotney looks at the surprise impact of Abu Dhabi’s utility restructuring – and why the private sector shouldn’t be downbeat.