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Uzbekistan’s Jizak Province Faces Acute Water Deficit

TASHKENT, Uzbekistan

The farmers of Uzbekistan’s Jizak province will face a severe water deficit this year, and they will pay fines or bear criminal responsibility if they do not use water economically, according to Provincial Governor Sayfiddin Ismailov. 

Environment Ministry Earns $1.7 Million USD From Mineral Water Concessions

SOFIA

The Bulgarian Environment Ministry made $1.7 million USD in 2010 from concessions of mineral water sources around the country. The ministry handed over 26 concessions of a total of 40 mineral water springs. One year ago, Environment Minister Nona Karadzhova said she would authorize local authorities to offer on concessions on about 60 mineral water springs of the 102 in the country.

Water Ser Subsidiary Files for Bankruptcy

TALLINN

A regional subsidiary of water and wastewater network builder Water Ser has filed for bankruptcy. Water Ser Lõuna-Eesti’s financial difficulties are the result of over-borrowing and excessive leasing liabilities assumed during better economic times. The company went from $306,000 USD in profits in 2009 to owing some $74,000 USD in taxes.

South Korean River Restoration Project Draws Controversy

SEOUL, South Korea

South Korean President Lee Myung-bak recently defended the country’s controversial Four Rivers Project, saying, “Many people have criticized the four-river restoration project but everybody will support it when they see the project completed this fall.” 

Manila Opens Talks With Belgium on Cancelled $430 Million USD Dredging Deal

MANILA, Philippines

The Philippines is willing to take up a Belgian firm’s troubled dredging contract worth $430 million USD with the Belgian government, creating an opening for a diplomatic solution that could prevent the dispute from turning into a costly international arbitration case.

Laos Agrees to Postpone Construction of Controversial Dam Project

vientiane, laos

The Laotian government agreed last week to postpone construction of the controversial $3.8 billion USD Xayaburi Hydroelectric Dam. It would be the first dam constructed on the lower Mekong River.

Asia-Focused Private Equity Fund Raises $69 Million USD for Water Investments

sinGapore

An Asian fund floated by multilateral financial institutions and the private sector secured $69 million USD in funds in its first close. 

The Singapore-headquartered Asia Water Fund was launched by anchor investors the International Finance Corp (IFC), the Asian Development Bank (ADB), and Malaysia’s Kumpulan Wang Persaraan and AmBank Group. 

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