Oil giant wins bids for industrial water plant in India

KUALA LUMPUR, Malaysia - A concession agreement made this Friday in West Bengal, India grants Haldia Water Management Ltd (HWML) a contract to build a large-scale water treatment plant in the port city of Haldia, reports Reuters. Read more

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Mideast water supply requires heavy cash flow

CAIRO - In the midst of a food crisis, the Middle East and North Africa are beginning to rethink their water needs, the New York Times reports. Read more

Popularity: 2%

Destroying wetlands could set off “carbon bomb”

Often eyed for their development potential, wetlands contain 20 percent of the earth’s carbon and nearly 800 billion tons of greenhouse gases, an environment correspondent from Reuters reports. Read more

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Three Gorges exodus complete

BEIJING - After four years of migration, over 4 million people have been evacuated from their homes to make way for the waters of China’s gargantuan hydroelectric project. Read more

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Texas residents still lack water as EPA grant expires, unspent

SANTA ROSA, Texas - A recent EPA audit revealed that a $4 million grant to the city of Santa Rosa was never spent, according to a report from the Associated Press. The grant, intended to provide low-income neighborhoods called colonias with water and sewage infrastructure, expired in 2002. Read more

Popularity: 1%

Delton Lake is nobody’s business

LAKE DELTON, Wisconsin - Lake Delton, a man-made water body constructed in the 1920s, is suffering from a broken shoreline, the Associated Press reports. After heavy rains in June that washed away homes and highways, the muddy lake near Wisconsin Dells is not drawing its usual crowds this summer. Read more

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Water moguls speculate on rising demand in Asian cities

SINGAPORE - As Asian countries like Vietnam and China urbanize, their demand for water increases dramatically, Reuters reports. At a water summit in Singapore, companies such as Black & Veatch, Siemens Water Technologies and Veolia Water Solutions & Technologies, indicate their plans to capitalize on Asian countries’ surging demand for the resource.

Read more here.

Source: Reuters

Popularity: 7%

T. Boone Pickens: Largest private U.S. water owner

Texas - Businessman T. Boone Pickens is buying water and lots of it. The 80 year-old king of the cooperate takeover, has set his sights on the twenty-first century’s new oil.

He plans to sell some 65 billion gallons of water a year to the Texas counties and municipalities lying south of his Mesa Vista ranch, where he’s secured the water-rights and become the largest private owner of water in the U.S.

Read more here.

Source : BusinessWeek

Popularity: 13%

Water-starved California slows development

PERRIS, California - Building in Southern California is being halted for lack of water. Citing a 2001 law that requires at least a 20 year supply of fresh water for new developments, officials have begun denying, slowing, and challenging new housing tracks just east of Los Angeles. Read more

Popularity: 19%

African growth will slow for lack of food and water

NAIROBI, Kenya - At the 18th Annual World Economic Forum on Africa, leaders, policy makers, and analysts all expressed concern over the impending consequences of the food and water shortages hitting sub-Saharan Africa. The panel urged policy makers to re-emphasize food and water as crucial economic elements - without them, maintaining the 5 percent growth Africa has experienced so far this millennium will be impossible. Read more

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