Business
ENPAR and world class water company, Miahona, sign Memorandum of Understanding to develop water treament markets in the Middle East
GUELPH, ON, Oct. 12, 2011 /CNW/ - Dr. Gene Shelp, President and CEO of ENPAR Technologies I...
About this update from Current Water Technologies Inc
[{"type":"text","content":"\n\n\n\n\n\nGUELPH, ON, Oct. 12, 2011 /CNW/ - Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSX-V:ENP)\n (\"ENPAR\" or \"the Company\"), is very pleased to announce that ENPAR has\n entered into a Memorandum of Understanding (MOU) with Miahona (www.miahona.com) of the Kingdom of Saudi Arabia to develop markets for ENPAR's array of\n state-of-the-art water treatment technologies in Saudi Arabia and other\n regions of the Middle East .\n\n\nA fully-owned subsidiary of the Arabian Company for Water and Power\n Development Ltd. (ACWA Holding - www.acwaholding.com), Miahona is a world-class company which provides management services\n for urban utilities (management and concession) for water supply, waste\n water collection and treatment facilities. The Company develops, owns\n and operates waste water treatment plants based on EPCO/BOO/BOOT/BOT\n models. As a leading integrated company, Miahona also offers urban\n utilities engineering consultation in water and wastewater disciplines\n in the Kingdom of Saudi Arabia and the Middle East & North Africa\n region.\n\n\nMiahona specializes in the design, build and operation of\n environmentally responsible water treatment and reuse projects.\n Acknowledged as a leader in the application of scientific and technical\n principles and accumulated local know-how, Miahona's scope of business\n includes contract and concession management in the fields of water\n supply, the development and treatment of groundwater resources and\n treatment of waste water.\n\n\nIt has been reported that the Middle East and North Africa region\n supports 5 percent of the world's population with less than 1 percent\n of the global, available water supply. The value of the reuse market in\n Saudi Arabia is estimated at USD $3.4 billion for the period 2009 -\n 2016, making it the third largest water reuse market in the world.\n Saudi Arabia's advanced treated water reuse capacity is growing at an\n annual rate exceeding 30 percent and is expected to reach 2.2 million\n cubic meters per day by 2016 from its reported, current level of\n 260,000 cubic meters per day.\n\n\nDesigned to achieve high rates of contaminant removal and water\n recovery, the ENPAR array of innovative water treatment technologies\n represent immediate, sustainable solutions to assist Miahona to address\n the Kingdom's enviro...