Yesterday, Almar Water Solutions participated in the “Urban Water Summit” event organized by iAgua at the Roca Madrid Gallery, where issue number 22 of iAgua Magazine was released. The speakers at the event included Teresa Ribera, Spain’s Minister for Ecological Transition, and 10 experts who presented the best success stories in the area of water management in cities.
Felipe Guinea, Director of Structured Finance of Almar Water Solutions, was one of the experts and gave a talk titled “New models for financing and management of the construction and operation of water infrastructure in cities”. Felipe presented the Mombasa desalination project, awarded last year to Almar Water Solutions, and which is currently in the financial close phase.
Felipe also explained the advantages and experience of the company in the development of customized financial models for each type of client and/or project. In particular, he emphasized the PPP model as a solution for regions with limited liquidity but large water needs. Lastly, he made a special mention of the risks, and indicated that project guarantees normally include a wide range of possible obligations, such as, lawsuits, regulations or payments due to contract termination.
As highlighted by iAgua, water management is one of the most important services for the correct functioning of cities, home to more than half of the world’s population. The development of the technology required to guarantee water security in cities has been extremely positive in recent years, in a context where the effects of climate change are becoming more and more evident. However, there are still some pending political, financial and social challenges that need to be addressed with determination.
Almar Water Solutions, thanks to its financial capacity and experience in all types of contracts, is able to successfully respond to all of the specific requirements of each project and geographic area. The company is also committed to always being present throughout the entire project cycle, from when the need for water supply arises, to the commissioning of the plant and subsequent maintenance.