15 Jul 2020 SINGAPORE, Singapore
The saga of financially distressed Singapore environmental services company Hyflux Ltd took another turn 10 July, with a new offer from yet another potential “white knight” investor, as Singapore-based Unilegend Investments approached Hyflux on behalf of an unnamed client that is purported to have interests in clean energy and water...
14 Jul 2020 SOFIA
Bulgaria's Commission for Protection of Competition said that on Thursday it launched a probe into an alleged abuse of a stronger bargaining position by the water utility company serving the Bulgarian capital Sofia - Sofiyska Voda. Sofiyska Voda was established in October 2000 under a 25-year concession contract for the operation and maintenance of Sofia's water supply and sewerage system...
14 Jul 2020 CANBERRA
As the relationship between Canberra and Beijing sours, distrust of China and concerns about drought and water shortages have fuelled talk that China is buying up Australia’s water sources with malicious intent. Water first became a tradeable commodity in some parts of Australia in the 1980s, but over the years the market has grown into an industry worth A$3 billion (US$2...
14 Jul 2020 MARIUPOL
France will provide Mariupol with a EUR 64 million loan at 0.08% per annum for a project to provide the city with drinking water, Ukraine's Deputy Prime Minister, Minister for Reintegration of Temporarily Occupied Territories Oleksiy Reznikov has said. "We are talking about a soft loan of 64 million euros for 30 years with a ten-year grace period at a rate of 0...
14 Jul 2020 LONDON
Some parts of England will run out of water within the next 20 years unless "urgent action" is taken. That's the view of the Public Accounts Committee (PAC) in a report on the state of water supplies. It's calling on the government to establish a league table for water companies to pressure them into dealing with leaks.
14 Jul 2020 CAIRO
The government of Egypt has announced that it will be putting aside US$2.8 billion for implementation of a five-year plan to construct 47 seawater desalination plants. The implementation of the project will be overlooked by the Holding Company for Water and Wastewater (HCWW), the New Urban Communities Authority (NUCA) and the General Organization for Physical Planning.
6 Jul 2020 LONDON
Britain's biggest water company has handed its former boss a £2m golden goodbye — after he was fired for a series of failings. Thames Water sacked Steve Robertson after three years in the role, over his failure to reduce leaks in the water network. During that time, he also oversaw sewage flooding incidents and hefty fines — including one £20m penalty for polluting the River Thames.
29 Jun 2020 SAO PAULO
The approval of the new regulatory framework for the basic sanitation sector in Brazil poses challenges for companies in the sector, but should not pressure their ratings in the short term, says Fitch Ratings. The pressure for the expected increase in investments to expand the coverage of services must be diluted over the years.
25 Jun 2020 BRASILIA
Brazil's Senate passed a bill Wednesday paving the way to privatize state-owned water and sanitation companies and attract more private investment to the badly languishing sector. The bill, which President Jair Bolsonaro plans to sign, aims to bring better service to the 35 million Brazilians who lack clean drinking water and 100 million whose sewage gets dumped raw, without ever being treated, its sponsors said.
25 Jun 2020 WASHINGTON DC
How can it be that in the midst of a pandemic, children living in the richest country in world history are being poisoned by tap water? Now, as America battles an unprecedented public health crisis, we can no longer continue along a course in which companies have been allowed to buy up, privatize, and profit off a basic human right...
10 Jun 2020 JOHANNESBURG
Human settlements, water and sanitation minister Lindiwe Sisulu and the suspended Amatola Water chief executive Vuyo Zitumane are pointing fingers at each other over the reinstatement of an Amatola union boss who was given his job back despite being found guilty of five disciplinary charges, including not disclosing a previous conviction for armed robbery.
9 Jun 2020 CAIRO
Stantec, a leading international professional services company in the design and consulting sector, said a consortium led by the company has won a contract from Egyptian Holding Company for Water and Wastewater (HCWW) to help improve access to sanitation services through wastewater infrastructure for communities in the country's Fayoum governorate...