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Almar Water Solutions attends Water Innovation Europe 2019

Almar Water Solutions took part in the Water Innovation Europe 2019 held last Wednesday in the BluePoint Conference Centre of Brussels, in Belgium. The event, with the slogan Water Meets Energy, Energy Meets Water, focused on the water-energy nexus and debated the following aspects:

  • What water services can learn from energy services to recognize the value of water for our society and economy.
  • The search for interdependencies between water and energy services.
  • How to build environments that will promote cross-fertilization in the management of both resources and how water services and energy services can join efforts to achieve a water-smart and energy-smart society.

Carlos Cosín, CEO of Almar Water Solutions, gave a presentation at session 1 entitled “The common challenges for water and energy”, in which he explained how the rise of non-conventional water sources such as desalination and reuse, combined with renewable energy, can cope with the growing demand for water and energy while helping to combat CO2 emissions and climate change. Moreover, Carlos pointed out that the energy consumption of water treatment plants is decreasing due to both the use of renewable energy and to improvements in the treatment technology.

Almar Water Solutions is already working on joint tenders for desalination plants with photovoltaic power plants to endow the water treatment process with clean energy. To do so, it relies on its sister company Fotowatio Renewables Ventures (FRV), a leader in providing integrated solutions for clean, renewable energy worldwide.

With more than 200 participants from across Europe in each edition, the annual WssTP Water Innovation Europe conference has become the most important European event in the water value chain. The event brings together scientists and technology developers, representatives of public and private utility companies, major water users, European authorities, civil society organizations and financial experts.

Due to its knowledge and experience and to driving the use of renewable energy for water treatment to improve the lives of millions of people while protecting the surroundings and the environment, Almar Water Solutions is fast becoming one of the main players in the water sector.

Carlos Cosín, CEO of Almar Water Solutions, participates in an event organized by ICEX at the Spanish embassy in Washington

Carlos Cosín, the CEO of Almar Water Solutions, was a one of the speakers at the event “Fair Water: Tackling Global Water Challenges” organized by ICEX Spain Trade and Investments in collaboration with Spain’s Economic and Trade Office in Washington this week. The workshop brought together experts from around the world to debate issues regarding the water-related global challenges, desalination, reuse and sustainable development, water resource management, water sector financing, water in agriculture, advanced technologies and many others that reflect the current water trends.

Carlos Cosín made the keynote speech where he gave his perspective on the real challenges facing the water sector: the lack of education and awareness regarding the use and existing quantity, and the lack of political will to resolve the problems related to water. Other challenges include limited investment in R&D in comparison with other sectors and the consequences of climate change. Later, Carlos gave a presentation on the benefits of desalination and private participation in large-scale water projects, mentioning Algeria and Saudi Arabia as pioneers.

The event was attended by experts from different international organizations such as the World Bank, the Inter-American Development Bank, USaid and the Millennium Challenge Corporation, as well as representatives from the federal, state and local governments, along with the leading Spanish companies in the water sector. The forum served to promote dialogue among the Spanish companies and the different agents related to the water cycle in the United States and around the world, given the global scope of the institutions present at the event.

Almar Water Solutions has offices in Europe, the Middle East and Latin America. So far this year, it has signed three projects in Saudi Arabia, Kenya and Bahrain, making it one of the leading international companies in the water sector. For this reason, the industry counts on the experience of its team to participate in forums of this caliber, which includes the leading companies and organizations in the world.

Shuqaiq 3 to achieve financial close for a total value of over 600 million dollars

  • The agreement was reached just three months after the signing of the water purchase contract.
  • The plant will be one of the largest reverse osmosis desalination plants in the world, with a production capacity of 450,000 cubic meters per day.

Riyadh, Saudi Arabia – 17th May 2019

Almar Water Solutions, a leading company in the development of water infrastructure, through Abdul Latif Jameel Commercial Development Company Ltd., together with Marubeni Corporation, Acciona Agua and Rawafid Alhadarah Holding Co., has achieved the financial close for the Shuqaiq 3 desalination plant for a total value of more than 600 million dollars.

The transaction involved both Saudi national banking entities and international organizations. Saudi banking institutions included Samba and NBC, along with the participation of international players MUFG (Agent), Crédit Agricole, Norinchukin and SMBC, with the agreement reached just three months after the water purchase contract was signed.

The Shuqaiq 3 desalination plant, which will be located on the Red Sea coast of Saudi Arabia, will supply drinking water to over 1.8 million people and will create approximately 700 jobs from the start of construction until commissioning of the plant. The project is programmed for completion in the fourth quarter of 2021 and will be developed under a 25-year BOO (build, own, operate) contract scheme.

According to the World Water Development Report 2019, the Middle East is the region of the world with the most severe water scarcity. While the average water availability worldwide is 7,453 m3 per person and year, in the Middle East there is only 736 m3 per person and year, according to the latest available figures from AQUASTAT (n.d.). Water shortage per capita has been increasing and is expected to rise in the future due to population growth and climate change. This trend has also contributed to the over-exploitation of groundwater and the loss of arable land for agriculture.

The Shuqaiq 3 desalination plant will help mitigate the shortage suffered by the inhabitants of the southwestern region of Saudi Arabia, providing a new source of drinking water for both domestic and urban use.

Recently, Almar Water Solutions created a joint venture with Hassan Allam Utilities (HAU), the public service and investment unit of the leading regional construction and engineering group Hassan Allam Holding (HAH). The purpose is to develop water projects in Egypt and thus continue contributing to the increase and upgrade of water infrastructure in the countries of the Middle East.

Just this week, Almar Water Solutions announced the acquisition in Bahrain of the Muharraq STP Company BSC (“MSC”) sewage treatment plant with a capacity of 100,000 cubic meters per day, enhancing its references and collaborating on the improvement of sustainability in the Middle East region.

 

About Almar Water Solutions

Almar Water Solutions is a company specializing in the development, promotion, financing, design and operation of water infrastructure. Its team of professionals, with over two decades of experience in 25 countries leading major water infrastructure projects, works tirelessly to develop integral solutions that meet growing needs for water in the municipal and industrial sectors. For further information, visit almarwater.com

About Abdul Latif Jameel

Abdul Latif Jameel refers broadly to distinct separate and independent legal entities whose interests encompass automotive distribution, auto parts manufacturing, financial services, renewable energy, environmental services, land and real estate development, logistics, electronics retailing and media services. Abdul Latif Jameel positions itself as a preferred business partner primarily for inward investment into the Middle East, North Africa and Turkey (MENAT) region. For further information, visit alj.com

 

 For further information

 C/ María de Molina, 39 – 6th Floor

28006 – Madrid, Spain

T: +34 917 026 712

E: manuel.garcia@almarwater.com

 

 

Almar Water Solutions to acquire Mubadala Infrastructure Partners’ investment in Muharraq Sewage Treatment Plant in Bahrain

  • 100,000 cubic meters per day wastewater treatment plant and a sewer conveyance system in Bahrain
  • This acquisition enhances the company’s portfolio of wastewater and reuse assets

Abu Dhabi, United Arab Emirates – 9 May 2019

Almar Water Solutions (“Almar”), a leading water company in the region, announced that it has completed the acquisition of a Sewage Treatment Plant investment in Muharraq STP Company BSC (“MSC”) from Mubadala Infrastructure Partners (“MIP”), an emerging markets infrastructure fund manager.

MSC has a 29-year concession to build, own and operate (“BOO”) a 100,000 cubic meters per day state of the art wastewater treatment plant and a sewer conveyance system in the Muharraq catchment area of the Kingdom of Bahrain. The conveyance system includes the first 16.5 km deep gravity sewer trunk pipeline in the GCC region and a wastewater collection network. The concession was signed with the Ministry of Works in 2011 and the facility commenced operations in 2014. According to the World Health Organization, 40%[1] of wastewater in the MENA region goes untreated making this a critical sector for environmental sustainability. The project was developed in partnership with Samsung Engineering Ltd of Korea and United Utilities International Ltd of the United Kingdom.

Carlos Cosin, Chief Executive Officer of Almar said: “This investment follows our strategy to own and operate water assets in the region and beyond”. This acquisition increases the company’s portfolio of wastewater and reuse assets, reinforcing its activity. This acquisition also provides us with an exceptional opportunity to contribute to the water sector’s development in Bahrain and all GCC countries. Recently Almar Water Solutions, through its parent-company Abdul Latif Jameel, has been awarded a P3 contract to develop a desalination plant in the city of Shuqaiq, on the Red Sea coast of Saudi Arabia. The large-scale plant will have a capacity of 450,000 cubic meters per day, guaranteeing reliable drinking water to over 1.8 million citizens during 25 years. Almar Water Solutions has also recently been awarded another P3 contract to develop Kenya’s first large-scale desalination plant. The project will be located in the North Mainland zone in the county of Mombasa and will have a capacity of 100,000 cubic meters per day, supplying drinking water to over a million people. The plant will be managed and operated for 25 years until it is handed over.

Philip K. Haddad, Managing Partner of MIP commented on the transaction: “Water remains an important focus of our investment strategy. We are proud to have been part of the development and operations of MSC on behalf of our investors. We will continue to focus on investing in differentiated and impactful businesses in key infrastructure sectors such as energy, transportation, social infrastructure and water in emerging markets.” MIP recently sold its investments in Abu Dhabi Ports Operating Company PJSC – Abu Dhabi Terminals and MIP Campus 1, a social infrastructure PPP platform in higher education in Abu Dhabi from its regional flagship fund MIP I. The firm is currently raising its successor fund MIP II with commitments from regional and international investors.

Shearman & Sterling acted as legal advisors to MIP on this transaction. KPMG and Gowling acted as financial and legal advisors, respectively, to Almar Water Solutions.

 

About Almar Water Solutions

Almar Water Solutions is a company specializing in the development, promotion, financing, design and operation of water infrastructure. Its team of professionals, with over two decades of experience in 25 countries leading major water infrastructure projects, works tirelessly to develop integral solutions that meet growing needs for water in the municipal and industrial sectors. https://www.almarwater.com/

About Abdul Latif Jameel

Abdul Latif Jameel refers broadly to distinct separate and independent legal entities whose interests encompass automotive distribution, auto parts manufacturing, financial services, renewable energy, environmental services, land and real estate development, logistics, electronics retailing and media services.  Abdul Latif Jameel positions itself as a preferred business partner primarily for inward investment into the Middle East, North Africa and Turkey (MENAT) region. https://www.alj.com/en/

About Mubadala Infrastructure Partners Limited

Mubadala Infrastructure Partners is an independent fund manager with offices in Abu Dhabi and Johannesburg focusing on infrastructure investments in emerging markets. http://www.mip.ae

 

 For further information

 C/ María de Molina, 39

6th Floor 28006 – Madrid, Spain

T: +34 917 026 712

E: manuel.garcia@almarwater.com

 

[1] Source: Progress on drinking water, sanitation and hygiene: 2017 update and SDG baselines. Geneva: World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF), 2017. Licence: CC BY-NC-SA 3.0 IGO.

Almar Water Solutions launches an initiative to do away with bottled water in its offices

Every minute, a million plastic bottles are purchased around the world, the equivalent to 20,000 plastic bottles per second. This number is estimated to increase by 20% by 2021, generating an immense amount of plastic waste. Less than half of the bottles purchased in 2016 were collected for recycling and just 7% of those collected were converted into new bottles.

Every year, at least eight million tons of plastics reach the oceans, which is the equivalent of dumping the contents of one garbage truck into the ocean every minute. Also, a recent study that investigated the content of plastic microparticles in bottled water found that 93% of the samples contained some type of microplastic, including polypropylene, polystyrene, nylon and polyethylene terephthalate (PET).

In terms of cost, one gallon of bottled water costs and requires 2,000 times more energy for production than a gallon of tap water. In addition, tap water is strictly regulated by governments, regions and provinces, while bottled water is not.

It’s time to say no to bottled water.

These are the reasons that Almar Water Solutions highlights in the video that it created for World Water Day. Not only does bottled water pollute the seas and oceans, it is also an unnecessary expense and in many cases, a lie. Many of the companies that bottle water take it directly from the network, only generating plastic waste that ultimately ends up in a landfill or in the environment.

To fight this invasion, Almar Water Solutions has launched an initiative to do away with plastic bottles in all of its offices around the world. The company has replaced these packages with reusable bottles that are refilled with drinking water from the network, thus helping to fight climate change and mass consumption of bottled water.

This initiative has been extended to the other companies in the Abdul Latif Jameel group, including Fotowatio Renewable Ventures, working together to create a more responsible and sustainable business.

The international water industry meets at the Global Water Summit in London

The international water industry has met this week at the Global Water Summit in the Sofitel Heathrow Hotel, in London. Due to the pressing and growing need for capital to develop water infrastructures, financing and investment were the main themes of this summit.

Almar Water Solutions took part as the official Water Sponsor over the three-day event and Carlos Cosín, the company’s CEO, was member of two panels. The first was a workshop called “Delivering $0.40 Desalination”, with the participation of the CEOs of the leading water sector companies. Carlos made a presentation on improvements in desalination technology and the variation in rates from the 90s to the present day.

To conclude the event, Mr. Cosín was also on the closing session panel on Wednesday afternoon, in which three prestigious experts evaluated the trends and new opportunities facing the sector.

To round off the day, Almar Water Solutions announced the creation of a joint venture with Hassan Allam Utilities (HAU), the public service and investment unit of the leading regional construction and engineering group Hassan Allam Holding (HAH).This new partnership aims to develop BOT and BOO water projects in Egypt.

Almar Water Solutions, which has sponsored this event since its very foundation, has once again played a leading role and consolidated its position as one of the most influential and knowledgeable companies in the development and financing of water projects worldwide.

With the attendance of top managers, international companies and utilities, the Global Water Summit has become a flagship event for the water industry. We would like to congratulate all the companies that were distinguished in the Global Water Awards and to thank them for their contribution to the water industry.

 

Industry leaders Almar Water Solutions and Hassan Allam Utilities form joint venture to develop water projects in Egypt

  • JV agreement between Almar Water Solutions and HA Utilities will work on developing water BOT and BOO projects in the country.

Cairo, Egypt – 10 April 2019

Almar Water Solutions (“Almar”), a leading water infrastructure development company and part of Abdul Latif Jameel Energy, has formed a joint venture with Hassan Allam Utilities (HAU), the utilities and investment arm of leading regional construction and engineering group Hassan Allam Holding (HAH).

Leveraging on the experience of both Almar Water Solutions and HA Utilities management teams in water infrastructure development, the JV will work on developing water BOT and BOO projects in Egypt, with an active role as both a Special Purpose Vehicle (SPV) investor and an Operation and Maintenance (O&M) supplier. The JV strategy will also include acquisitions of brownfield assets and O&M service companies to accelerate recurring cash flow generation.

The JV is currently studying a number of greenfield projects of different sizes with various offtakers.

Commenting on the joint venture, Carlos Cosin, CEO of Almar Water Solutions, said: “We are thrilled to be partnering with a company with such a strong foothold in an extremely exciting market like Egypt, which we feel has significant untapped potential in terms of water infrastructure development. Our partnership with HAU allows us to strengthen our contribution to socio-economic development of the MENA region by extending innovative solutions and expertise within water treatment and desalination across both the municipal and industrial markets.”

Menatalla Sadek, CEO of HA Utilities, added: “Our business model is highly embedded in utilizing our in-house experience and the capabilities of HAH to support and develop the full spectrum of a project, from development and financing to operations and management. Almar’s highly experienced team draws on decades of experience in the industry. This winning combination is exactly what we look for when pursuing JV opportunities and we’re confident that with this partnership, we will be able to further unlock the potential in one of our core sub-platforms, water desalination and treatment.”

About Almar Water Solutions

Almar Water Solutions is a company specializing in the development, promotion, financing, design and operation of water infrastructure. Its team of professionals, with over two decades of experience in 25 countries leading major water infrastructure projects, works tirelessly to develop integral solutions that meet growing needs for water in the municipal and industrial sectors. For more information, please visit https://www.almarwater.com/

About Abdul Latif Jameel

Abdul Latif Jameel refers broadly to distinct separate and independent legal entities whose interests encompass automotive distribution, auto parts manufacturing, financial services, renewable energy, environmental services, land and real estate development, logistics, electronics retailing and media services.  Abdul Latif Jameel positions itself as a preferred business partner primarily for inward investment into the Middle East, North Africa and Turkey (MENAT) region. For more information, please visit https://www.alj.com/

About Hassan Allam Holding

Hassan Allam Holding is a leading Egyptian engineering and construction group whose primary operations include infrastructure, power, industrial, petrochemical and special building projects in Egypt and the MENA region. The founders of Hassan Allam Holding commenced operations in 1936, making it one of the oldest construction groups in the MENA region with a solid reputation, superior technical capabilities, and a diversified portfolio. With a legacy of identifying and investing in attractive infrastructure projects, in the past five years it has delivered over 70 projects worth over USD 3 billion and has a current backlog of around USD 3.5 billion as of May 2018. For more information, visit http://www.hassanallam.com.

About Hassan Allam Utilities

HA Utilities is an asset developer and investment platform for power, renewables, and water-related opportunities that address the underserved energy market and growing demand for infrastructure in Egypt and the region. Established in 2017, the platform focuses on partnerships to develop and operate renewable power as well as water desalination and treatment projects. For more information, visit www.hautilities.com.

 

For further information

Almar Water Solutions                                           

C/ María de Molina, nº 39

6th Floor – 28006 Madrid

T: +34 917 026 712

E: manuel.garcia@almarwater.com

 

Hassan Allam Utilities        

Hoda Yehia

Investor Relations Director

T: +20 2 2265 9027

E: hoda.yehia@hassanallam.com 

 

 

Financing, risks and guarantees, focal points of the presentation by Almar Water Solutions at the Urban Water Summit

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.

 

R.I.P. Jordi Dalmau, our beloved colleague

We deeply regret the loss of our colleague Jordi Dalmau, our Business Development Director for Latinamerica. He had just assumed with enthusiasm, as he had always done with all his international work assignments, the position of General Manager of the Mombasa desalination plant. Unfortunately, he was on the Ethiopian Airline flight 302 that crashed yesterday.

We cannot describe the emptiness that this situation puts us through, so drastically and suddenly. We met Jordi 15 years ago, and suddenly he is gone, taking with him a piece of each and every one of us. His career included working in Spain, China, USA, and Chile.

Jordi, we will miss you so much. We are thankful for the friendship you shared with us, your hard work and loyalty through these years, and we pray that God will keep you in his glory.

R.I.P.

Almar Water Solutions presents the opportunities of private capital for water infrastructure at ACRIS IV

This week, Almar Water Solutions participated in the event The Fourth Africa Climate Resilience Investment Summit (ACRIS) held in Johannesburg, South Africa. This summit has become a platform for the governments of Africa, civil society, international financial organizations and the private sector to focus on the planning, design and implementation of investments in sectors that are sensitive to climate change, such as energy, water, transport, ecosystems and agriculture, among others.

Manel Salvadó, Business Development Manager for Africa, was a speaker at session 2 on Tuesday titled “Managing Land & Water Resources in the Face of Climate Change”, in which he presented the opportunities of private investment to accelerate the development of water infrastructure in the countries of Africa. Manel also highlighted the difference between resilience and water crises, two concepts that are currently very relevant with completely distinct forms of management.

Currently, 40% of soil in Africa is degraded. According to the Food and Agriculture Organization of the United Nations (FAO), some 83% of Sub-Saharan African people depend on the land for their livelihood, and food production in Africa will have to increase almost 100% by 2050 to meet population demands. Millions of Africans still suffer from water shortages due to problems of uneven distribution and management of the existing supplies. One example of the disparity in water availability is the Congo Basin, where 30% of the continent’s water drains through lands that are inhabited by just 10% of Africa’s population.

The fourth Africa Climate Resilience Investment Summit (ACRIS) included collaboration and participation by the Africa Climate Resilient Investment Facility (AFRI-RES), the African Union Commission (AUC), the African Development Bank (AfDB) and the World Bank.

Almar Water Solutions, which has offices in South Africa, is aware of the great water needs of Sub-Saharan Africa, and it is one of the large geographical areas where it is focusing its business development area. As a result, the company was recently awarded a contract in Mombasa for the first large-scale desalination plant in Kenya, with a daily capacity of 100,000 cubic meters of drinking water. The project will supply drinking water to more than one million people and will be managed and operated for 25 years under a BOT scheme.