Wabag spurts ~6% on securing project worth 140 million Euro

3 Jun 2022 , 10:04 AM

VA TECH WABAG, a leading pure-play water technology Indian Multinational Group, secured 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.

The project is worth about 146 million euros.

WABAG’s scope of work under this order will be Engineering & Procurement (EP) and Operation & Maintenance (0&M). It totals about one-third of the consortium order value.

WABAG will be carrying out the Design, Engineering, and Supply of Electromechanical equipment, supervision of Installation and Commissioning followed by a 2-year O&M of the plant.

The plant is located in the main corniche of Dakar city on a high hilltop, with sea water intake from the Atlantic Ocean. The plant will run on SWRO technology with very advanced compact systems, considering the availability of land and challenging terrain.

WABAG will execute this order in consortium with Toyota Tsusho Corporation, Japan, and Eiffage Génie Civil, France (Eiffage).

WABAG will have the role of Technology & System integrator, while Eiffage will do the construction work and Toyota will co-manage the project.
Japan International Cooperation Agency (JICA) is funding this project. It aims to provide a safe and stable water supply to the people of Senegal by ensuring a highly sustainable water source.

This breakthrough order marks the entry of WABAGG into new geography, Senegal. VWABAG is already carrying out a 50 MLD (expandable to 100 MLD) Desalination project in Tunisia, North Africa being funded by K Germany.

Va Tech Wabag is currently trading at Rs265.15 up by Rs14.75 or 5.89% from its previous closing of Rs250.40 on the BSE. The scrip opened at Rs262 and has touched intraday high and low of Rs274.55 and Rs262 respectively.