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Transactions - DECEMBER 14, 2017

German company selected for $1.8b Kuwait wastewater project

by Jody Barhanovich

A consortium led by WTE Wassertechnik GmbH Group has been awarded the contract to design, finance, build, operate and transfer a wastewater treatment plant for $1.8 billion.

Kuwait Authority for Partnership awarded the contract to WTE. The consortium also includes Kuwait-based International Financial Advisors K.S.C.C.

The facilities will be located in Southern Kuwait on the site of the existing Umm Al Hayman wastewater treatment plant.

The project hopes to improve the overall state of infrastructure in Kuwait’s water and wastewater sector.

In additional projects, WTE succeeded in successfully entering the market in Macedonia at the beginning of 2016 after signing three deals for projects with a volume of approximately €20 million ($23.5 million). The wastewater project, which is funded by the IPA Fund, involves the turnkey construction of three new wastewater treatment plants in the municipalities of Radoviš, Kičevo and Strumica. The technology of the sewage treatment plants consists of mechanical wastewater treatment, an SBR process, nitrogen/phosphor elimination, disinfection, as well as sludge stabilization and dewatering.

 

 

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