MELBOURNE, Australia - Two months after RWL Water and Emefcy officially joined forces and the merged company has secured a $100 million drinking water project in Africa.
Fluence Corporation has signed a memorandum of understanding (MOU) nation to design and construct a 150,000 m3/day advanced water treatment plant.
The company’s share price on the Australia Securities Exchange jumped by 9.63 percent following the news.
The water treatment facility will treat local surface feed-water to provide potable drinking water that fully complies with the World Health Organization’s international drinking water standards.
A “smart intake system”, along with a membrane-based application, and chemical and physical treatment technologies will be provided as part of the project.
The project is planned to be fully financed through a government-backed export credit financing institution and would be operational within a two-year period following contract finalization.
According to the confidential MOU, a construction agreement will be negotiated and signed between the parties by the second quarter of 2018.
Fluence anticipates signing the agreement by the second quarter of 2018, with anticipated revenue recognition for Fluence of approximately one-third of the US$100 million total in 2018 and the balance in 2019.
"Providing developing regions with highly innovative and cost-effective water treatment solutions often comes with a tangle of technological and regulatory challenges,” said Fluence CEO Henry Charrabé.