Latest News for Week 36 (2016)

Saudi Arabia confirms PPP aims for new desal plant

Saudi Arabia has given its first open acknowledgement to a return to private finance for the building of greenfield desalination plants, telling bidders for the 400,000m3/d Jeddah 4 SWRO plant that the project is now most likely to move forward as an independent water project (IWP).

Seven prequalified contractors had been lined up by client SWCC in a tender process that...

Centrica enhances water offering with £13m purchase

Centrica’s acquisition of UK-based water leak detection specialist FlowGem Limited earlier this week raises the question of how the company will look to position itself ahead of the introduction of greater competition in the English water market.

The company – which counts multi-utilities British Gas and Scottish Gas among its subsidiaries – already...

No change for KBI’s water strategy under new owners

The acquisition of a majority stake in Kleinwort Benson Investors (KBI) by Euronext-listed asset manager Amundi earlier this week is not expected to have an immediate impact on KBI’s water strategy, an insider told GWI today.

Although KBI suffered a blow in April this year when it lost the sub-advisory mandate for the $430 million Calvert Global Water Fund, the...

Veolia’s latest Chinese bond – in black and white

Veolia has continued to diversify its sources of wholesale funding by issuing the first ever ‘panda bond’ from a French issuer. The RMB1 billion 3-year issue was priced to yield a competitive 3.50%, and was led by Bank of China.

Although the company has tapped the so-called ‘dim sum’ market before – issuing an RMB500 million 5-year deal in...