The Kingdom of Morocco and Veolia join forces for the largest seawater desalination project in Africa.
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Veolia and the Moroccan government signed a Memorandum of Agreement to develop Africa's largest seawater desalination project.
Located near Rabat, the plant will supply 822,000 cubic meters of water daily to 9.3 million residents, addressing severe drought issues. This partnership aligns with Morocco's energy strategy and aims to enhance water security sustainably.
Siemens strengthens leadership in industrial software and AI with acquisition of Altair Engineering.
Siemens will acquire Altair Engineering for USD 113 per share, valuing the deal at nearly USD 10 billion.
This acquisition enhances Siemens' industrial software capabilities and is expected to boost digital revenue by over 8%. Completion is anticipated in the second half of 2025, with EPS accretion projected two years post-closing.
ST Engineering to deploy its smart water solution for Aegea in Brazil.
ST Engineering is launching a smart water platform for Aegea, a major Brazilian sanitation firm, set to be operational by the end of 2024.
This cloud-based system will enhance water management efficiency, reduce non-revenue losses, and support over 31 million people across 500 municipalities, addressing urgent water challenges in Brazil.
South East Water Reveals Ambitious Plans for New Reservoirs and Desalination Plant.
South East Water has launched a ￡2.3 billion initiative to secure drinking water in Kent, Sussex, Surrey, Hampshire, and Berkshire for the next 50 years.
The plan includes leak reduction, new reservoirs, desalination, and improved pipelines, addressing population growth and climate challenges while benefiting the environment and local communities.
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GS Inima and Aquapor Win Contract to Build Algarve Desalination Plant.
A consortium of GS Inima and Aquapor has been awarded a contract to design and operate a new desalination plant in the Algarve, set for completion by 2026.
Utilizing reverse osmosis, it will initially produce 16 million cubic meters of drinking water annually, expandable to 24 million, addressing regional water shortages.
Thames Water secures ￡3bn loan to survive into 2025.
Thames Water Utilities Limited plans to extend its liquidity runway with up to ￡3.0 billion in new funding and debt extensions.
A transaction support agreement (TSA) will facilitate this, enhancing liquidity until October 2025, potentially extending to May 2026.
AECOM to support in delivering one of South Africa’s largest water supply programs.
AECOM has secured a contract from the Trans-Caledon Tunnel Authority for consultancy on Phase One of the uMkhomazi Water Project in KwaZulu-Natal, South Africa.
This phase involves constructing an 81-meter-high Smithfield Dam to enhance the Mgeni Water Supply System, with AECOM also subcontracting 30% of work to black-owned businesses.
Stantec chosen to design new biosolids treatment facility for City of Winnipeg.
Stantec will lead the development of a new biosolids facility at Winnipeg’s North End Sewage Treatment Plant, marking the City’s first progressive design-build project.
With a C$1 billion investment, the facility will use Thermal Hydrolysis Processing technology to convert wastewater sludge into pathogen-free, Class A biosolids for sustainable management.
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