Stock Report

WABAG bags new JICA funded, consortium order for 50 MLD Desalination project in Senegal

Posted On : 2022-06-03 10:34:24( TIMEZONE : IST )

VA TECH WABAG (WABAG), a leading pure-play water technology Indian Multinational Group, further enhanced its global position in the Desalination market, by securing a consortium Design, Build, Operate ('DBO') order, for the 50 MLD (expandable to 100 MLD) Mamelles Sea Water Desalination Project from Société Nationale Des Eaux du Sénégal ('SONES'), the National Water Company of Senegal, worth about 146 Million Euro.

The scope of WABAG under this order will be Engineering & Procurement ('EP) and Operaltion & Maintenance (O&M), which is worth about one-third of the consortium order value. WABAG's EP scope includes Design, Engineering and Supply of Electromechanical equipment, supervision of Installation and Commissioning followed by a 2 year O&M of the plant. The location of the plant is in the main corniche of Dakar city on a high hill top, with sea water intake from the Atlantic Ocean. The plant will be based on SWRO technology with very advanced compact systems, considering the availability of land and challenging terrain.

The project is to be executed by WABAG in consortium with Toyota Tsusho Corporation (Toyota'), Japan and Eiffage Génie Civil, France ('Eiffage"). WABAG will play the role of the Technology & System integrator, while Eiffage will be responsible for the construction work and Toyota will co-manage the project.

This project which is being funded by Japan International Cooperation Agency (JICA') aims to provide a safe and stable water supply to the people of Senegal by ensuring a highly sustainable water source. The groundbreaking ceremony of this project was held in Dakar, Senegal and the commencement of construction of the plant was declared by the President of Senegal. As the first large-scale seawater desalination plant in Senegal and the largest in West Africa upon completion, this project is expected to greatly improve the lives of the people by meeting the water needs of about one million Dakar residents, thereby contributing to sustainable development of the economy in Senegal.

This breakthrough order in the West African region, marks the entry of WABAG into a new geography, Senegal. VWABAG is already executing 50 MLD (expandable to 100 MLD) Desalination project in Tunisia, North Africa being funded by KfW Germany. This order further consolidates WABAG's business in the African continent.

Commenting on this order win, Mr. Deep Raj Saxena, CEO MEA Cluster said, This new order win in Senegal, amidst strong international competition, gives us mmense pride and happiness WABAG has been continuously foraying into new Geographies and Senegal is yet another country, where our consistent marketing efforts have reaped benefits This significant order is a testament to WABAG's strong track record, knowhow& global competitiveness in desalination and WABAG's continued contribution to waler socurity in the African continent. This plant when completed, will play a significant role in meeting the water demand of Senegal and also be an important reference project for WABAG.

Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 253.70 as compared to the previous close of Rs. 247.40. The total number of shares traded during the day was 46175 in over 2403 trades.

The stock hit an intraday high of Rs. 257.50 and intraday low of 249.20. The net turnover during the day was Rs. 11695014.00.