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French Veolia and Kazyna Capital sign MoU for new seawater desalination plant in Aktau

November 11 2015, 10:22

Image 0French resource management firm Veolia Environnement announced on Tuesday that its unit Veolia Water Solutions & Technologies signed a memorandum of understanding with Kazyna Capital Management to jointly implement a seawater desalination plant in Kazakhstan.

Located in Aktau, the new 125,000 m3 per day plant will supply water to industries and the population of Aktau and Zhanaozen, the two main cities in the oil province of the Manghystau, located on the shores of the Caspian Sea.

This memorandum follows a study conducted by Veolia, in partnership with the Kazakhstan Public-Private Partnership (PPP) Centre, on behalf of the Manghystau region and supported by French authorities, to define a business model allowing for private sector participation in the implementation of this desalination project.

A subsidiary of Baiterek National Holding (a Kazakh public fund company), Kazyna Capital Management's mission is to provide equity capital to companies at various stages of growth through private equity funds and jointly with other investors in order to promote sustainable development of the Kazakh national economy.

A subsidiary of Veolia Group, Veolia Water Solutions & Technologies provides the complete range of services required to design, build, maintain and upgrade water and wastewater treatment facilities for industrial clients and public authorities. With more than 100 years of experience, over 350 patented technologies and extensive knowledge in desalination, Veolia is the world leader in assisting municipalities and industries implement desalination strategies.

Veolia group is the global leader in optimized resource management. With over 179,000 employees* worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.

Source: veolia.com

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