May 2005

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WATER &WASTEWATER

JBIC FINANCESFURTHER

PROJECT IN UAEThe Japan Bank forInternational Cooperation(JBIC) is helping to finance apower and desalination proj-ect in the United ArabEmirates (UAE).

JBIC has signed a loanagreement with the TaweelahAsia Power Co (TAPCO) basedin Abu Dhabi. The loan, totallingan aggregate amount of US$2.2billion, will provide long-termfunds for the project that seeksto upgrade the existing naturalgas fired, combined cycle powergeneration and desalinationplant, and also expand the facili-ties at Taweelah. The electricityand water produced by the plantwill be sold to the Abu DhabiWater and Electricity Co for aperiod of 20 years.

The project will increase theplant’s total power generationcapacity to 2000 MW and totaldesalination capacity to about624 600 m3 (165 million gal-lons) per day. This is the firstloan that JBIC has provided fora large infrastructure project inUAE on a project-financingbasis.

Demand for power andwater in Abu Dhabi is set togrow, reflecting the country’sgood macroeconomic condi-tions. To meet the projectedgrowth in demand and improvethe economic efficiency andservices of their supplies, theAbu Dhabi government isactively promoting IndependentWater and Power Projects(IWPP). Independent water andpower producers build and oper-ate power generation and waterdesalination plants on their own,and sell the electricity and waterthey produce.

The loan was co-financedby 15 financial institutions,including the Bank of Tokyo-Mitsubishi, Mizuho Corporate

Bank and Sumitomo MitsuiBanking Corp. Japanese firmsconsider the power and watermarkets in the rapidly growingMiddle Eastern countries as apromising destination for theirinvestment. This project is thefirst IWPP project for bothMarubeni Corp and JGC Corp,both of which hold equitystakes in TAPCO, in the UAE.In particular, this is the firstlarge overseas investment forJGC.

The project is also expect-ed to serve as a stepping stonefor broader business operationsby Japanese firms in theMiddle East, and JBIC intendsto support their investmentprojects in this region.

The JBIC, created throughthe merger of the Export-Import Bank of Japan and theOverseas Economic Coopera-tion Fund, was established during 1999. With its capitalfully subscribed by theJapanese Government, it is themain institution responsiblefor Japan’s official financingoverseas.

SPECIAL OECDFINANCINGTERMS FOR

WATER PROJECTS OECD countries participat-ing in the Arrangement onOfficially Supported ExportCredits have agreed specialfinancial terms for waterprojects, starting on 1 July2005 for a two-year trialbasis.

This agreement shouldhelp increase access to safedrinking water and is in linewith commitments made at the 2002 Johannesburg WorldSummit on SustainableDevelopment and to theMillennium DevelopmentGoals.

The special terms for waterprojects will allow borrowersextended repayment terms of15 years. This is morefavourable than the current8.5/10-years for water proj-

ects. The water projects cov-ered by the agreement relate tothe supply of water for humanuse and wastewater treatmentfacilities.

BLACK & VEATCHSTUDIES IMPACTOF MEMBRANE

RESIDUALSBlack & Veatch is to look atthe impacts of membranetreatment residuals, such asconcentrate and membranecleaning wastes, on waste-water and advanced waste-water treatment plant opera-tions and processes.

The research project issponsored by the Joint WaterReuse and Desalination TaskForce (JWR&DTF). Fundingpartners include the USBureau of Reclamation,California State WaterResources Control Board,Awwa Research Foundation(AwwaRF), and WaterEnvironment ResearchFoundation (WERF).

“We realized that multipleorganizations within the waterindustry needed to worktogether to identify and miti-gate the impacts of membraneprocess residuals on treatmentprocesses and effluent quality,”said WateReuse FoundationDirector of Research ProgramsJeff Mosher.

JACOBS NETSRWE THAMES

WATER PROJECT A Jacobs Engineering Groupsubsidiary is to provide engi-neering services to RWEThames Water supportingthe planning and develop-ment of a major new waterresource to meet the futuredemands of London and thesurrounding Thames WaterRegion in the UK.

The agreement allows theoption of retaining Jacobsthroughout the project’s planned 15-year program tocompletion.

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Pump Industry Analyst

Pump CompanyIndex

A-C Pump 6Alfa Laval 10,11,13,15Allweiler 5,12,14Ampco-Pittsburgh 11,15Andritz 13,15Armstrong 12AxFlow 5Baker Hughes 15BHEL 10,15Bjørge 10,13,15Blackmer 5BOC Edwards 11Bran+Luebbe 5,13Caprari 14Cardo 7,15Cardo Pump 13Ceetak 12Cleghorn Waring 6Colfax Bombas 5Crane 10,11,15Curtiss-Wright 11Davey Products 8DMW 15Dover 11,15Ebara 15Flowserve 15Flygt Canada 13Gardner Denver 15,16GE 12,15Gévelot 13,15GL&V 15Global Link 13Gorman-Rupp 15Goulds Pumps 6Graco 15Graham 16Graham Precision Pumps 16Grundfos 11,12GUD Holdings 8,13,15Hamworthy 15HMD Sealless 10Idex 15Imo Pump 5ITT Bell & Gossett 6ITT Flygt 6,11,14,12ITT Industries 6,11,13,15ITT Jabsco 6ITT Richter 6Jarlway 1Johnson Pump 7,13,15Johnson Pump (UK) 5Kirloskar Brothers 11,15KSB 13,15Kubota 15Layne Christensen 15Leybold 12Lightnin 5Lowara 6Met-Pro 8,15Metso 13,15Micropump 5Mono Pumps 5Moyno 10Munsch 11National-Oilwell Varco 10,15Nikkiso 11,15Pentair 12,15Pentair Water 12Pfeiffer Vacuum 13,15Precision Castparts 15Pulsafeeder 5Pursuit Dynamics 10,15Robbins & Myers 12,15Roper Industries 9,15Roper Pump 9Rule Industries 6SandPiper 5Schlumberger 15Siemens 11,13SKF 15Spirax-Sarco 15SPX 11,15SPX Process Equipment 13Sulzer 13,15Sundyne 10Tecumseh 9,15Teikoku Electric 15Textron 13, 15Thomas Industries 10,11,15,16Torishima 10,15Tsurumi 15United Technologies 15Versa-Matic 5Viking Pump 5Vogel 6Watson-Marlow Bredel 5,14Waukesha 5Weir 1,13,15Weir Floway 10Weir Specialty Pumps 10Western Pump 13Wilden 5Wood Group 16Wood Group ESP 16WorldWater 10,15Zenith 5