Latest News

Deutsche Bank’s move on Kelda triggers investigation

The UK Office of Fair Trading is investigating the RREEF Pan-European Infrastructure Fund’s acquisition of a minority stake in Yorkshire Water’s holding company to see if the deal should trigger a merger inquiry.

The fund – managed but not owned by Deutsche Bank – recently acquired 23.37% of Kelda by converting debt into equity. Deutsche...

Veolia in pole position to retain SEDIF contract

Suez Environnement is out of the running for the renewal of Europe’s largest water management contract, which serves 4 million people in the Ile-de-France region surrounding Paris.

The company – which is thought to have had a team of six people working full-time on the proposal – confirmed that it had received notice from the client, the Syndicat des...

Cascal denied injunction against Sembcorp take-over

A New York district court yesterday denied Cascal’s motion for a preliminary injunction against the hostile take-over bid currently being mounted by Singapore-based Sembcorp.

Cascal had claimed that a voluntary tender offer – which Sembcorp is now free to launch – would be illegal, since it fails to treat all shareholders equally (majority holder...

New York in dramatic U-turn on water O&M outsourcing

New York City’s Department of Environmental Protection has decided against contracting out the operations of its Croton water treatment plant and the Delaware-Catskill UV plant, saying it can provide the services internally at a lower cost.

“The decision to use DEP personnel for both Croton and Del-Cat, and to not contract outside, was made because it will...

Consolidated Water turns a profit at BVI affiliate

A 21% rise in first quarter net income helped to lift Consolidated Water’s shares out of the doldrums earlier this week, despite the fact that revenues were down 7% year-on-year.

The bottom line boost was largely due to the recognition of $0.2 million of earnings related to affiliate OC-BVI, driven by revenues generated from the Bar Bay plant on Tortola under a...

Larsen & Toubro bags maiden Gulf wastewater contract

A consortium led by Larsen & Toubro has won a QR691.2 million ($189.7 million) contract to design and build an expansion to the Doha South WWTP in Qatar.

The contract – the first in the Middle East wastewater sector for Mumbai-based L&T – includes a new 92,000m³/d sequencing batch reactor (SBR), mirroring an existing SBR of the same capacity at the...