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MaximsNewsWATER
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THE FRENCH
WATER COMPANY, SUEZ ENVIRONNEMENT, HAS ANN0UNCED A NEW CHINA WATER
PARTNERSHIP, by KATHY
SHANDLING:
10/04/2008
(MaximsNews Network)
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UNITED
NATIONS - / MaximsNews Network / 10
April 2008 --
Suez
Environnement is expanding its presence in China. According to the China
Daily, Suez Environnement and their Hong Kong partner, New World Services,
will be assuming a 15% stake in the Chinese water company – Chongqing Water
Group (CWG). The cost of this investment – approximately 1.5 billion yuan.
CWG
operates 32 water treatment plants and 35 wastewater facilities in Chongqing,
providing services to about 8.4 million people.
The
Suez Group already has two other joint ventures in the region. A 60-40 joint
venture with Chongqing Water Holding Group was set up in 2002, referred to as
Chongqing Sino French Water Supply. It
provides drinking water to approximately 1 million residents in the region. It
also services the local industrial and commercial community.
The
other Suez joint venture is the Chongqing Sino French Tangjiatuo Sewage
Treatment Plant. It is a 50-50 partnership with Chongqing Water Holding Group.
It provides service to about 1 million residents in the region.
The
first venture was set up in 2002; the second venture was established in 2007.
Labels:
United
Nations, U.N., MaximsNews
WATER, water, water
news, China, Suez
Environnement, New
World Services, Chongqing
Water Group, drinking
water, water
treatment, wastewater
,
infrastructure,
climate change,
international
news, water
management, private
sector, Kathy
Shandling
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