Tuesday, 6 July 2010

$2.8b deals at Water Week


via Khmer NZ News Media

Jul 5, 2010

Highlights of the main deals:

* Some of the more significant deals closed included the combined $69 million contract clinched by home-grown water company, Moya Dayen Limited, from the Phnom Penh Water Supply Authority in Cambodia for Phase 1 of the Niroth Water Production Facilities Project. Awarded in two contracts,

Moya Dayen will undertake the supply, delivery, and construction of a 25 metres high intake tower located in the Mekong River, a raw water pumping station and a raw water transmission main as well as other ancillary works.

Under the second contract, Moya Dayen will construct a water treatment plant which includes treated water tanks, a treated water transmission main and other ancillary buildings. When completed, the Niroth Water Production Facilities - Phase I will be one of the largest water treatment facilities, producing 130,000m3/day of potable water, to serve the greater Phnom Penh population.

* Another Singapore home-grown energy, water and marine group, Sembcorp, also signed a Memorandum of Understanding (MOU), worth $280 million to expand seawater desalination capacity in the United Arab Emirates (UAE). On the local front, the company announced that it will develop a new integrated wastewater treatment facility in Jurong Island's Tembusu District.

* A local subsidiary of Boustead, a global infrastructure engineering company, was awarded a S$21 million contract for the first new water recycling plant in UAE.

* Several collaborative agreements were also signed during the week including the joint development of Optiqua's real time sensor technology by Optiqua Technologies, a subsidiary of Dutch optical sensor company Optisense and national water agency PUB, as well as a joint research and technology testing program to further develop energy-efficient water and wastewater treatment solutions by ITT Corporation and PUB.

* Global Water Intelligence, the leading information service for the international water industry also announced its plans to set up its Asia office in PUB's WaterHub, a centre for technology, learning and networking and home to many renowned water-related organisations such as the Singapore Water Association, International Water Association, Netherlands Water House, Singapore Society for Trenchless Technology, and R&D institutes of leading water players like Siemens, Nitto Denko and Optiqua Technologies.

The event, which was held together with the World Cities Summit from June 28 to July 2, also saw a record increase in the number of trade visitors to over 14,000 from 85 countries and regions. -- PHOTO: INTERNET

MORE than $2.8 billion worth of investments, tenders and research agreements were sealed and announced at the recently concluded Singapore International Water Week sealed, said the organisers on Monday.

The deals clinched by local and international water companies were 27 per cent more than last year's $2.2 billion.

The event, which was held together with the World Cities Summit from June 28 to July 2, also saw a record increase in the number of trade visitors to over 14,000 from 85 countries and regions.

'We are extremely pleased with the positive outcome at the 2010 Singapore International Water Week which continues to grow into its third year. The continued strong support from participating countries and regions is an affirmation of our vision to be the global platform for water solutions,' said Mr Michael Toh, Managing Director of Singapore International Water Week.

'Despite the uncertain global economic recovery, water remains a key focus area for governments and industries as cities around the world continue to grow at an unprecedented rate with rapid urbanisation. Many countries continue to seek clean and affordable solutions to meet their respective needs and use the Water Week as a platform for learning, exchange and networking.'

Demonstrating the event's growing global appeal and significance, this year's Water Week received strong support from the global community, including key international organisations, as well as the government, industry, research and consultancy sectors from 85 countries. Feedback from the participants and its pillar events such as the Water Leaders Summit, Water Convention, Water Expo, Business Forums and the Lee Kuan Yew Water Prize has been very positive all-round, said the organisers.

The number of high-level delegates at the Water Leaders Summit jumped 22 per cent to 379, including participation by board members of UN Secretary-General Advisory Board on Water and Sanitation, the Prince of Orange from The Netherlands, President of the Republic of Maldives, Vice President of World Bank, the Water and Environment Ministers of Cambodia, Hong Kong, India, Malaysia, Myanmar, Tunisia, United Arab Emirates as well as CEOs of leading international global water companies and water organisations.

At the Water Convention, over 1,000 experts, academics and practitioners gathered to discuss the advancements and challenges in water technologies.The number of participants also swelled by almost 20 per cent from the previous year.

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