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Thames Water wins Australian water supply project
Pump Industry Analyst
BAYER EXPANDS IN US
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The Bayer Group is to invest more than US$15 billion in the USA over a 10-year period. The investment programme runs from 1995 to 2004 and includes more than US$6.7 billion in capital expenditures and US$8.3 billion in research and development. The biggest portion of investment dollars is being directed towards Bayer's health care businesses, with most going into research and development. Bayer's health care business is made up of pharmaceuticals, consumer care products and diagnostics. The remaining investments will be divided between the agriculture, chemicals and polymers business segments, where Bayer also wants to expand activities. In 1998 Bayer capital expenditures and R&D investments reached an all-time high of US$1.6 billion. A highlight of Bayer's 1998 investment strategy was a US$1.3 billion expansion of its Baytown, Texas site.
SHELL, B E C H T E L TARGET N O R T H AMERICAN P O W E R PROJECTS Shell and Bechtel Enterprises have formed a new energy venture to pursue power generation in North America. Using the InterGen North America brand name, the new company will develop, finance, own and operate large-scale independent power projects (IPPs) and co-generation facilities in the USA and Canada. InterGen North America will seek to replicate
May 1999
the success of InterGen, the international power generation venture owned by Shell Generating Limited and a subsidiary of Bechtel Enterprises Holdings Inc. Founded in 1995, InterGen has established itself as an international developer and owner of greenfield power facilities. Currently, InterGen is operating or building six power stations representing 3675 MW, in the UK, Mexico, the Philippines, Colombia and China. "Shell views power as a major commercial opportunity in the deregulating North American energy market," says Walter van de Vijver, president and chief executive officer of Shell Exploration and Production Company.
ABB AND A L S T O M CREATE P O W E R GIANT ABB and Alstom have merged their power generation businesses in a 50-50 joint company. ABB Alstom Power will employ 54 000 people in more than 100 countries. 1998 proforma revenues are about US$11 billion, with US$700 million invested in research and development. "To be a successful leading player in this demanding and dynamic market you need a comprehensive range of products and solutions, a commitment to technological renewal, and global presence. This capability mix, coupled with economies of scale, will enable competitive cost levels," said ABB president and CEO Goran Lindahl. Pierre Bilger, chairman and CEO of Alstom, said the joint company would be a strong R&D powerhouse. The new company will comprise all of Alstom's Energy Sector activities, including industrial gas turbines but excluding the General Electric-based heavy duty gas turbine business
(above 20 MW), which Alstom is divesting to GE. ABB Alstom Power will also comprise all of A B B ' s power generation segment, excluding its nuclear activities and its service- and financing-based distributed power business. To compensate for the difference in the size of the contributed businesses, ABB will receive US$1.5 billion in cash from Alstom. Claude Darmon, presently deputy CEO of Alstom, will be president and CEO of the new company. Goran Lindahl will chair the supervisory board. ABB Alstom Power's head office will be located in Brussels when operations begin, although management may later decide on another permanent location.
WATER AND WASTEWATER T H A M E S WATER WINS AUSTRALIAN WATER SUPPLY PROJECT T h a m e s Water is the preferred bidder for a contract to provide water treatment services for the City of Ballarat, in the Australian state of Victoria. The Build-Own-Operation and Transfer contract is valued at £11.5 million and includes the construction of two water treatment plants, and operation for a period of 25 years. Bill Alexander, chief executive of Thames Water, says that the Australian water market is just beginning to open up, and that Thames Water intends to lead the pack in demonstrating the difference private investment can bring to customers in Victoria and throughout Australia. The project will use the process design and engineering expertise of Thames Water's Melbourne-based
subsidiary and the operational skills of the company's South Australian affiliate, United Water. Thames Water's consortium partners include the investment banking group Babcock & Brown, and engineering and construction companies Clough Engineering and Black & Veatch.
US$47 MILLION FOR CLEAN-WATER PROJECTS The Pennsylvania Infrastructure Investment Authority (Pennvest) has approved US$45.8 million in low-interest loans and US$1.2 million in grants for 33 drinking water, wastewater and stormwater projects. The state funding ranges from US$111 500 to install sewer-collection lines to serve a mobile home park in Chester County where septic systems are failing, to US$5.5 million to construct major improvements to a drinking water system in Bucks County. This funding brings Pennvest's total funding for community water and sewer projects to slightly more than US$2 billion since the programme's inception.
WATER AGENCIES DEMAND MTBE BAN California water providers arc urging Governor Gray Davis to ban the use of gasoline additive methyl tertiary butyl ether ( M T B E ) in order to protect the state's drinking water supplies. In a letter to the Governor, the Association of California Water Agencies (ACWA) endorses a University of California study that concluded that MTBE should be phased out. ACWA urged Davis to phase out the use of MTBE within two years, and ban it even sooner in areas
BAYER EXPANDS IN US
[-.
©
<
The Bayer Group is to invest more than US$15 billion in the USA over a 10-year period. The investment programme runs from 1995 to 2004 and includes more than US$6.7 billion in capital expenditures and US$8.3 billion in research and development. The biggest portion of investment dollars is being directed towards Bayer's health care businesses, with most going into research and development. Bayer's health care business is made up of pharmaceuticals, consumer care products and diagnostics. The remaining investments will be divided between the agriculture, chemicals and polymers business segments, where Bayer also wants to expand activities. In 1998 Bayer capital expenditures and R&D investments reached an all-time high of US$1.6 billion. A highlight of Bayer's 1998 investment strategy was a US$1.3 billion expansion of its Baytown, Texas site.
SHELL, B E C H T E L TARGET N O R T H AMERICAN P O W E R PROJECTS Shell and Bechtel Enterprises have formed a new energy venture to pursue power generation in North America. Using the InterGen North America brand name, the new company will develop, finance, own and operate large-scale independent power projects (IPPs) and co-generation facilities in the USA and Canada. InterGen North America will seek to replicate
May 1999
the success of InterGen, the international power generation venture owned by Shell Generating Limited and a subsidiary of Bechtel Enterprises Holdings Inc. Founded in 1995, InterGen has established itself as an international developer and owner of greenfield power facilities. Currently, InterGen is operating or building six power stations representing 3675 MW, in the UK, Mexico, the Philippines, Colombia and China. "Shell views power as a major commercial opportunity in the deregulating North American energy market," says Walter van de Vijver, president and chief executive officer of Shell Exploration and Production Company.
ABB AND A L S T O M CREATE P O W E R GIANT ABB and Alstom have merged their power generation businesses in a 50-50 joint company. ABB Alstom Power will employ 54 000 people in more than 100 countries. 1998 proforma revenues are about US$11 billion, with US$700 million invested in research and development. "To be a successful leading player in this demanding and dynamic market you need a comprehensive range of products and solutions, a commitment to technological renewal, and global presence. This capability mix, coupled with economies of scale, will enable competitive cost levels," said ABB president and CEO Goran Lindahl. Pierre Bilger, chairman and CEO of Alstom, said the joint company would be a strong R&D powerhouse. The new company will comprise all of Alstom's Energy Sector activities, including industrial gas turbines but excluding the General Electric-based heavy duty gas turbine business
(above 20 MW), which Alstom is divesting to GE. ABB Alstom Power will also comprise all of A B B ' s power generation segment, excluding its nuclear activities and its service- and financing-based distributed power business. To compensate for the difference in the size of the contributed businesses, ABB will receive US$1.5 billion in cash from Alstom. Claude Darmon, presently deputy CEO of Alstom, will be president and CEO of the new company. Goran Lindahl will chair the supervisory board. ABB Alstom Power's head office will be located in Brussels when operations begin, although management may later decide on another permanent location.
WATER AND WASTEWATER T H A M E S WATER WINS AUSTRALIAN WATER SUPPLY PROJECT T h a m e s Water is the preferred bidder for a contract to provide water treatment services for the City of Ballarat, in the Australian state of Victoria. The Build-Own-Operation and Transfer contract is valued at £11.5 million and includes the construction of two water treatment plants, and operation for a period of 25 years. Bill Alexander, chief executive of Thames Water, says that the Australian water market is just beginning to open up, and that Thames Water intends to lead the pack in demonstrating the difference private investment can bring to customers in Victoria and throughout Australia. The project will use the process design and engineering expertise of Thames Water's Melbourne-based
subsidiary and the operational skills of the company's South Australian affiliate, United Water. Thames Water's consortium partners include the investment banking group Babcock & Brown, and engineering and construction companies Clough Engineering and Black & Veatch.
US$47 MILLION FOR CLEAN-WATER PROJECTS The Pennsylvania Infrastructure Investment Authority (Pennvest) has approved US$45.8 million in low-interest loans and US$1.2 million in grants for 33 drinking water, wastewater and stormwater projects. The state funding ranges from US$111 500 to install sewer-collection lines to serve a mobile home park in Chester County where septic systems are failing, to US$5.5 million to construct major improvements to a drinking water system in Bucks County. This funding brings Pennvest's total funding for community water and sewer projects to slightly more than US$2 billion since the programme's inception.
WATER AGENCIES DEMAND MTBE BAN California water providers arc urging Governor Gray Davis to ban the use of gasoline additive methyl tertiary butyl ether ( M T B E ) in order to protect the state's drinking water supplies. In a letter to the Governor, the Association of California Water Agencies (ACWA) endorses a University of California study that concluded that MTBE should be phased out. ACWA urged Davis to phase out the use of MTBE within two years, and ban it even sooner in areas