On 18 March 2014, the Yangon City Development Committee (YCDC) of Myanmar, Manila Water Corporation (MWC), and Mitsubishi Corporation signed an MOU for a non-revenue water (NRW) reduction project. The project involves leak detection, pipe upgrades, and installation of meters and fee collection systems on a small scale. It will cost approximately US$1 million for the project and enable roughly 10,000 connections in central Yangon. MWC implemented similar measures in the East Manila city and seeks to replicate this experience in Yangon.
On 14 March 2014, Korea-based LG Chem filed for the acquisition of NanoH2O, an El Segundo, California-based reverse osmosis technology manufacturer. The reported US$200 million acquisition is expected to close by the end of April 2014. NanoH2O– founded in 2005– is backed by BASF, Total, Khosla Ventures, Oak Investment Partners, and the CalPERS Clean Energy & Technology Fund. The announcement comes after Toray outbid LG to acquire 56% of membrane manufacturer, Woongjin Chemical in 2013 for US$397 million.
IDE is expanding its geographic footprint outside of its home market where it has supplied 1.1 million m3/d of desalination capacity– or 61% of its total supplied global capacity. Outside Israel, IDE has activities across the globe but to date only a small presence in Latin America, where it has supplied 37,000 m3/d of MVC and MED desalination capacity.
On 26 February 2014, Spain-based Aguas de Barcelona (Agbar) announced the sale of a 33.4% stake in Canaragua Concesiones S.A. to Itochu Corporation of Japan.
The deal is the second between Agbar and Itochu and mirrors its previously established Bristol Water partnership in the UK, where Itochu took a minority stake. In May 2012, Itochu purchased 20% of Bristol Water for £43.5 million from Capstone Infrastructure Corporation to become a 30% stakeholder in the utility.
On 17 February 2014 Muscat, Oman-based utility Haya Water (Oman Wastewater Services Company SAOC) outlined its upcoming wastewater plant tenders. As part of a US$4.7 billion infrastructure plan, Haya Water intends to connect 84% of the population to a wastewater service network by 2020, up from 30% today. Expansion of the wastewater collection system is expected to account for 75% of total costs.