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Report card shows doubling of Australian water capex

Australia’s urban water utilities virtually doubled their capital expenditure to A$8.1 billion (US$7.4 billion) in the year ended 30 June 2009, according to new figures released by the National Water Commission and the Water Services Association of Australia.

The increase reflects the timing of major capital works programmes to deliver new sources of bulk supply...

American Water narrows ROE gap; revises EPS guidance

A series of successful rate case outcomes last month has led American Water to tighten its 2010 full-year earnings per share guidance to $1.33-1.40, from a range of $1.30-1.40 only two months ago.

With $73.4 million in new rate awards in April alone, and a further $295.4 million pending, American is not only well positioned to maintain its long-term EPS growth target of...

AquaSwiss targets MENA desal business

Having acquired exclusive rights to use IDE’s thermal desalination technologies in selected jurisdictions in the Middle East, North Africa and Southeast Asia, Swiss-based AquaSwiss AG is now actively out seeking business opportunities.

CEO Sanjeev Varma told GWI that the initial focus will be on the UAE, Saudi Arabia and Kuwait – all regions previously...

Celebrating water's high achievers

The results of the 2010 Global Water Awards were unveiled at a ceremony in Paris on 26 April, in the presence of Her Majesty Queen Noor of Jordan. The winners and runners-up were as follows:

Water Company – Winner: Acciona Agua; Distinction: Cascal
Desalination Company – Winner: Degrémont; Distinction: Hyflux
Public Water Agency – Winner:...

Waste turnaround lifts Suez Environnement Q1 results

First-quarter results from Suez Environnement show a 7.8% rise in revenues to €3.1 billion, including a return to growth in the group’s European waste division, driven by rising secondary raw material prices.

Water Europe revenues were up by 4.1%, Waste Europe by 6.6%, and International by 15.1%, all at constant forex, while group EBITDA rose 4% to €460...

Battle lines drawn as Cascal rejects Sembcorp offer

Cascal has rejected what it terms an “inadequate and coercive” offer from Sembcorp Utilities to acquire the company for $6.75 a share. Details of the unsolicited deal, negotiated over the weekend by Cascal’s majority owner Biwater, prompted an immediate backlash from the NYSE-listed company, and sent Cascal’s share price plummeting by 9% from its...