Wastewater Investment Encouraged in China
Several years back while working in the valuation industry, I learned just how attractive China’s water management/ waste management was to outside investment.
It was certainly an area that we all knew needed help, as some recent examples show, but at the time the deals were still few and far between. The statistics that 60-70% of water in China seemed to catalyze this process much at the time, but with the blooms in Wuxi, the numerous stories of contamination, and the government’s commitment to providing clean drinking water in many cities… they were left with little choice.
Statistics show 400 Chinese cities, including Beijing and Shanghai, “have inadequate water supplies,” California-based Cleantech Group says. 300 major Chinese cities reportedly lack wastewater facilities.
and to address these issues, the green channel for investment has been opened.
One of the newest projects is a treatment facility built by Germany’s Siemens Water Technologies, which provides 100,000 cubic metres of water daily. Siemens also signed an agreement with the city of Wuxi, Jiangsu province, to improve the water quality of Taihu Lake. Some 11 other provinces have announced plans to build 42 new wastewater plants.
France’s Suez Environnement will start a drinking water project in Chongqing, and an industrial water and wasterwater project in Changshou. U.S.-based ITT has won a contract for a cooling tower, wastewater treatment and the heating and air conditioning systems for LDK Solar in Xinyu.
In addition to the story above, here are some related studies I found:
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