Commercial
Wenting GuKnow-how: Treatment
Pal-Erik JahnsenKnow-how: Commercial- Donna MahantiKnow-how: Irrigation Central Controls
Grant Whittle- Marta Pallares
$20 million incubator project focuses on water tech hub
A former warehouse that will be converted into a business incubator for water technology firms has been sold, and work to convert the building will begin by early summer.
A local investors group, Water Accelerator LLC, this week completed its purchase of the seven-story industrial building, 223 W. Pittsburgh Ave., in Walker's Point.
The incubator, known as the Water Technology Research and Business Accelerator Building, is to be completed by late spring of 2013, said Dean Amhaus, executive director of the Milwaukee Water Council, a trade group that's leading the project.
Reply- Nigel GoodmanKnow-how: Treatment
Mark FarmerKnow-how: Food & BeverageChina wealth fund buys nearly 9% of Thames Water
Thames Water is owned by Kemble Water, a consortium of investors led by Australian bank Macquarie.
CIC was set up in 2007 to invest some of China's huge $3.18tn (£2tn) in foreign exchange reserves.
In a one-sentence statement on its website, CIC said it bought the stake through a wholly-owned subsidiary. No purchase price was disclosed.
Thames Water, acquired by Kemble in 2006, is the UK's largest water and sewerage company, serving about 14 million customers.
Read more: http://j.mp/wflKWb
ReplyAging water infrastructure burdens U.S. economy
Aging water infrastructure will cost U.S. businesses $147 billion over the next decade, a new report from the American Society of Civil Engineers (ASCE) found. America's water and wastewater infrastructure systems are aging and overburdened, with many of them built around the turn of the century. Unless new investments are made, by 2020 unreliable and insufficient water infrastructure will cost the average American household $900 a year in higher water rates and lower wages.
ReplyWater Woes Hit Gap, Kraft, Nestle, MillerCoors
Companies including Gap, Kraft and MillerCoors are all dealing with financial hits from water shortages and floods, according to news reports.
The Gap cut its profit forecast by 22 percent after the Texas drought killed much of the year’s cotton crop, Reuters said. Kraft, Sara Lee and Nestle have all announced plans to raise product prices after droughts and floods drove up commodity prices.
And stocks of gas company Toreador Resources fell 20 percent after France banned fracking, in large part because of concerns over water quality.
These stresses look set to intensify.
SUEZ ENVIRONNEMENT sells 70% of Bristol Water
SUEZ ENVIRONNEMENT, through its AGBAR subsidiary, has completed the sale of 70% of Bristol Water’s regulated activities, a United Kingdom water only supply company, to Capstone Infrastructure Corporation, an infrastructure company based in Canada. Under the terms of the transaction, the selling price is GBP 131.5 million (EUR 152 million) , which amount to a 23% premium over regulated capital value and a multiple of 20 times net income.
Download the press release here: http://j.mp/nyJ5if
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Larry Narbaitz
Waseem ZataarKnow-how: Electrodeionlization, FiltersIndian Government Considering Privatizing Water Management Board.
The Times of India (3/10, Lalchandani) reported the Delhi water management and supply body, the Delhi Jal Board, agreed to key reforms after chief minister Sheila Dikshit confirmed "the government was considering joint ventures with various companies for treatment and distribution of water under the command of its six major treatment plants." She stated the government was interested in privatizing water management, which would "either enter into JVs with private companies or form smaller units under the government." Furthermore, "Ownership of the Board's assets would be in the hands of the gov
Reply- Roy LevinsonKnow-how: Irrigation Central Controls, Green Technology
- Alain TrahanKnow-how: Treatment
Helge DaebelThe Real Cost of Water We Use: Peter Gleick, Pacific Institute
Water, Pacific Institute, Peter Gleick, Peak Water, Conservation, Management.
