I never really though about this too muchbut I have been finding out news on new contracts and who owns what with water.
After entering into Chongqing, China’s largest municipality with 32 million inhabitants, in 2002, SUEZ Environment strengthens its relationship with its local partner, Chongqing Water Group (CWG) today through a strategic investment in the company. This transaction marks a milestone for SUEZ Environment and illustrates its strong development focus in China.
SUEZ Environment and its long-term local partner, New World Services will acquire together a 15% stake in CWG for a total consideration of approximately EUR 140 million (RMB1.5 billion). As a result of this investment, SUEZ Environment will appoint a director to CWG board of directors as well as a member of CWG’s Executive Committee. CWG is the top company providing water and waste water services in the Chongqing province.
Sino French Holding (created in 1985), a 50-50 joint venture with the New World group in Hong Kong, manages the drinking water services of 16 Chinese municipal authorities (Chongqing, Qingdao, Sanya, Tanggu, Shanghai, etc), representing the supply of about 14 million inhabitants. Since the middle of the 1980s, the SUEZ Environment subsidiary in China also ensures the production and distribution of drinking water in Macao.
Swire SITA Waste Services (created in 1989), a 50-50 joint venture with the Swire group in Hong Kong, is involved in the waste services sector in Hong Kong and Macao, and in Hong Kong operates two of the largest and most modern landfills in the world, WENT and NENT.
Since 2002, SUEZ Environment provides industrial process water and advanced technologies to treat industrial effluents and hazardous waste at Shanghai Chemical Industry Park (SCIP), one of Asia’s largest chemical and industrial platforms.
On 24 January 2008, during the French President’s visit to India, Degrémont, a subsidiary of Suez Environment, signed a contract with the Mumbai authorities for the design, construction and 4 years’ operation of one of the largest drinking water treatment plants in the country. In addition, Degrémont was very recently awarded another contract to design, build and operate a wastewater treatment and reuse plant in Delhi. These two contracts are together worth €86 million (Rs 4.9 billion).
MUMBAI: A DRINKING WATER TREATMENT PLANT FOR 4 MILLION INHABITANTS
To meet population and urban developments, the city of Mumbai, one of the largest cities in the world has awarded Degrémont a contract for the construction of a new drinking water treatment plant. This contract worth 59 million euros (Rs 3.4 billion), is financed 30% by the Central Governmentl1, 20% by the State Government of Maharashtra and the remaining 50%, directly by the Municipal Corporation of Greater Mumbai (MCGM).