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Degrémont to build, operate desal plant for Barcelona
August 2006
Pump Industry Analyst
month. Each platform, Pearl 1 and Pearl 2, weighs an average of 3600 metric tonnes.
WATER & WASTEWATER
MARKET PROSPECTS
GE ENERGY FINANCIAL SERVICES FORMS NEW WATER UNIT GE Energy Financial Services has formed a team to concentrate on the water market and has already made its first investment: US$18 million in a state-of-the-art wastewater reclamation plant near Atlanta, Georgia. The new water team offers structured equity and customised debt finance for existing assets and projects under development in the commercial, industrial and municipal infrastructure water, reuse and wastewater treatment markets worldwide. “We’ve entered the water investing market because it’s a major growth opportunity for us, takes advantage of our strengths in project finance and our leveraged balance sheet, and benefits from GE’s expertise in water technology,” said Alex Urquhart, president and CEO of GE Energy Financial Services. “It is also in the spirit of GE’s ecomagination initiative, our pledge to help our customers solve environmental problems, in this case by increasing water supplies.” The water team at GE Energy Financial Services estimates the worldwide water private project finance market at US$50 billion, as water scarcity and quality concerns intensify. “We approach the water market with a long-term investment horizon, backed by GE’s expertise and
4
reputation in industry-leading technology and solutions,” said Kevin McCarthy, managing director and leader of GE Energy Financial Services’ water team. “We will invest in projects using a wide range of technology.” The team’s first investment, for a 90% limited partnership role, is in the Cauley Creek Water Reclamation Facility, near Atlanta, which is owned by privately held Cauley Creek Water Reclamation LLC. With a capacity of five million gallons per day and a long-term wastewater treatment contract with Fulton County in a public/private partnership, Cauley Creek is the largest satellite water reclamation plant in North America using technology from Zenon, a company that GE acquired in June.
MOTT MACDONALD WINS CZECH CONTRACT Mott MacDonald’s Czech Republic business based in Prague has been appointed to supervise a water treatment and sewerage system reconstruction programme in the River Radbuza by Microregion Radbuza. The 20.6 million project will start in July 2006 and has been introduced to meet new EU directives. The Radbuza River is in the west of the Czech Republic and is one of five rivers running through the city of Plzen. The Mott MacDonald team of engineering experts will be working with local company VRV to help reconstruct the 67.5km long sewerage structure which has 2100 connections and eight waste water plants. The programme is due to be completed in June 2008.
DEGRÉMONT TO BUILD, OPERATE DESAL PLANT FOR BARCELONA Aguas del Ter Llobregat has selected Suez Environment subsidiary Degrémont and Aguas de Barcelona to design, build and operate for two years Barcelona’s first reverse osmosis desalination facility. European funds will provide 75% of the 159 million investment and the Catalan government will supply the remaining 25%. The Spanish group ACS will be responsible for civil engineering on the project. The desalination facility will have a capacity of 200 000 m3/day and will be operational in mid-2009. It will become the largest seawater desalination plant in Europe, supplying drinking water to nearly 1.3 residents in the Barcelona region. According to Suez Environnement, seawater desalination is a fast-expanding market, growing by 15% per year. World installed capacity is expected to double between now and 2015.
WORLD BANK SUPPORTS WATER IN EQUADOR The World Bank has approved a US$48 million loan for Ecuador to increase the coverage and use of water and sanitation services. The Second Rural and Small Towns Water Supply and Sanitation Project (PRAGUAS II) seeks to increase the coverage and effective use of sustainable water and sanitation services in Ecuador, with a focus on the poorer populations in rural communities and small
towns. This loan will partially finance the second phase of a three-stage adaptable program loan that will provide US$130 million in total lending under a US$210 million national program for the water and sanitation sector in rural and small towns.
MINING AKER KVAERNER AWARDED COPPER MINE CONTRACT Aker Kvaerner has signed an US$80 million contract with Phelps Dodge Mining Co for the construction of a greenfield copper mine near Safford, Arizona. The scope of work includes the supply of crusher, conveyor, Solvent Extraction Electro-Winning (SXEW) and infrastructure installation.
CHEMICALS JACOBS RECEIVES BASF POLYOLS CONTRACT Jacobs Engineering Group Inc has been awarded a contract to provide engineering and procurement services for BASF in Geismar, Louisiana in a programme valued at more than US$100 million. BASF manufactures a wide range of intermediate specialty chemicals at this major site. The project involves design and procurement for Polyol production units. Aspects of the engineering design are being performed by BASF’s design office in Ludwigshafen, Germany. Jacobs' scope of work includes modification of the existing units, as well as all procurement activities.
Pump Industry Analyst
month. Each platform, Pearl 1 and Pearl 2, weighs an average of 3600 metric tonnes.
WATER & WASTEWATER
MARKET PROSPECTS
GE ENERGY FINANCIAL SERVICES FORMS NEW WATER UNIT GE Energy Financial Services has formed a team to concentrate on the water market and has already made its first investment: US$18 million in a state-of-the-art wastewater reclamation plant near Atlanta, Georgia. The new water team offers structured equity and customised debt finance for existing assets and projects under development in the commercial, industrial and municipal infrastructure water, reuse and wastewater treatment markets worldwide. “We’ve entered the water investing market because it’s a major growth opportunity for us, takes advantage of our strengths in project finance and our leveraged balance sheet, and benefits from GE’s expertise in water technology,” said Alex Urquhart, president and CEO of GE Energy Financial Services. “It is also in the spirit of GE’s ecomagination initiative, our pledge to help our customers solve environmental problems, in this case by increasing water supplies.” The water team at GE Energy Financial Services estimates the worldwide water private project finance market at US$50 billion, as water scarcity and quality concerns intensify. “We approach the water market with a long-term investment horizon, backed by GE’s expertise and
4
reputation in industry-leading technology and solutions,” said Kevin McCarthy, managing director and leader of GE Energy Financial Services’ water team. “We will invest in projects using a wide range of technology.” The team’s first investment, for a 90% limited partnership role, is in the Cauley Creek Water Reclamation Facility, near Atlanta, which is owned by privately held Cauley Creek Water Reclamation LLC. With a capacity of five million gallons per day and a long-term wastewater treatment contract with Fulton County in a public/private partnership, Cauley Creek is the largest satellite water reclamation plant in North America using technology from Zenon, a company that GE acquired in June.
MOTT MACDONALD WINS CZECH CONTRACT Mott MacDonald’s Czech Republic business based in Prague has been appointed to supervise a water treatment and sewerage system reconstruction programme in the River Radbuza by Microregion Radbuza. The 20.6 million project will start in July 2006 and has been introduced to meet new EU directives. The Radbuza River is in the west of the Czech Republic and is one of five rivers running through the city of Plzen. The Mott MacDonald team of engineering experts will be working with local company VRV to help reconstruct the 67.5km long sewerage structure which has 2100 connections and eight waste water plants. The programme is due to be completed in June 2008.
DEGRÉMONT TO BUILD, OPERATE DESAL PLANT FOR BARCELONA Aguas del Ter Llobregat has selected Suez Environment subsidiary Degrémont and Aguas de Barcelona to design, build and operate for two years Barcelona’s first reverse osmosis desalination facility. European funds will provide 75% of the 159 million investment and the Catalan government will supply the remaining 25%. The Spanish group ACS will be responsible for civil engineering on the project. The desalination facility will have a capacity of 200 000 m3/day and will be operational in mid-2009. It will become the largest seawater desalination plant in Europe, supplying drinking water to nearly 1.3 residents in the Barcelona region. According to Suez Environnement, seawater desalination is a fast-expanding market, growing by 15% per year. World installed capacity is expected to double between now and 2015.
WORLD BANK SUPPORTS WATER IN EQUADOR The World Bank has approved a US$48 million loan for Ecuador to increase the coverage and use of water and sanitation services. The Second Rural and Small Towns Water Supply and Sanitation Project (PRAGUAS II) seeks to increase the coverage and effective use of sustainable water and sanitation services in Ecuador, with a focus on the poorer populations in rural communities and small
towns. This loan will partially finance the second phase of a three-stage adaptable program loan that will provide US$130 million in total lending under a US$210 million national program for the water and sanitation sector in rural and small towns.
MINING AKER KVAERNER AWARDED COPPER MINE CONTRACT Aker Kvaerner has signed an US$80 million contract with Phelps Dodge Mining Co for the construction of a greenfield copper mine near Safford, Arizona. The scope of work includes the supply of crusher, conveyor, Solvent Extraction Electro-Winning (SXEW) and infrastructure installation.
CHEMICALS JACOBS RECEIVES BASF POLYOLS CONTRACT Jacobs Engineering Group Inc has been awarded a contract to provide engineering and procurement services for BASF in Geismar, Louisiana in a programme valued at more than US$100 million. BASF manufactures a wide range of intermediate specialty chemicals at this major site. The project involves design and procurement for Polyol production units. Aspects of the engineering design are being performed by BASF’s design office in Ludwigshafen, Germany. Jacobs' scope of work includes modification of the existing units, as well as all procurement activities.