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Riyadh to fold old desal plants into new IWP deals

Saudi Arabia has given a peek into the future of its brownfield desalination PPP programme with the announcement that it may package old desalination facilities into the contracts to build its next two major new plants.

Water and Electricity LLC (WEC) has released a request for expressions of interest from developers to fund, build and operate major new desalination...

Oman reveals water restructuring advisor shortlist

Oman has unveiled the shortlist of consultants that will be eligible to bid for the advisory mandate relating to a major restructuring of its water and wastewater sector.

Five teams have been approved to submit proposals for the restructuring programme by utility umbrella body Nama Holding. The five consortia are led respectively by:

  • Baringa Partners (UK)
  • EY (UK)
  • FTI...

Darco to net S$19.6m from new strategic shareholder

Singapore-listed engineer Darco Water Technologies has agreed to sell 29.5% of its enlarged equity for up to S$19.6 million ($14.4 million) to a new strategic investor, (Robert) Wang Zhi, who owns four water and wastewater treatment BOTs.

The exact number of shares depends on whether Darco completes its plan to raise its stake in Chinese EPC subsidiary Wuhan Kaidi Water...

Pentair’s water margins improve ahead of 2018 split

Pentair reported a 100-basis-point rise in the operating profit margin of its water business for the third quarter running, despite revenues dipping as a result of weakness in the global desalination market, softer infrastructure pump sales, and muted spending in the beverage industry.

Earlier this week, the NYSE-listed company posted third-quarter water operating...

Making sense of Aqua Terra’s Canadian IPO filing

Oilfield services provider Aqua Terra has filed for an initial public offering in Canada, to raise funds both to reduce its debt burden, and to fuel organic and acquisitive growth.

The company, which generated adjusted EBITDA of Can$3.2 million (US$2.6 million) on revenues of Can$30.3 million (US$25.5 million) in 2016, is looking to take advantage of a recovery in...

Sabesp shares rise on tariff hike approval

Shares in listed Brazilian water concessionaire Sabesp initially outperformed the local iBovespa index earlier this week on news that the regulator in its home state of São Paulo had approved a tariff increase of 7.9%.

The hike is encouragingly higher than the 4.7% which had initially been proposed, and came alongside an incremental increase in the allowable...