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Sydney Water Signs a 15-Year Contract Extension with Veolia Worth over €250 Million

[PRESSWIRE] PARIS - 20 January, 2016 -- Regulatory News: Veolia (Paris:VIE) has again been awarded the operations and maintenance of the Wyuna Water treatment plants in Woronora and Illawarra under a 15-year contract extension worth in excess of €250 million (more than AUD $400 million).

After 20 years of working together, Sydney Water Corporation renewed its trust in Veolia through a 15-year extension to its Operations & Maintenance contract for the water treatment plants of Wyuna Water, which is owned jointly by IFM Investors and Veolia.

The contract is for operations at plants located to the south of Sydney, in Woronora (24 km) and Illawarra (40 km). With a combined production capacity of 370 million liters of water a day, the two plants supply water of very high quality to more than 500,000 people in Sydney and the Illawarra region.

Both plants provide a high environmental performance—the Illawarra plant includes a hydroelectric facility that enables it to be entirely self-sufficient in energy—and will benefit from the Wyuna Science and Technology Agreement, which supports research and development programs in the areas of drinking water, wastewater and stormwater.

This contractual innovation will contribute to taking up the environmental challenges of Australia, which is the planet’s most arid continent and particularly sensitive to climate change.

Managing Director of Veolia Australia and New Zealand, Doug Dean said: “This contract extension is a testament to the trust placed in us by Sydney Water Corporation, which is Australia’s biggest public water service. In this part of the world, which is particularly sensitive to climate change, our partnership has already enabled us to achieve exceptional results for water quality and we are looking forward to grasping new opportunities to optimize Operations & Maintenance at the Wyuna Water plants.”

...

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. In 2014, the Veolia group supplied 96 million people with drinking water and 60 million people with wastewater service, produced 52 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €24.4 billion* in 2014. www.veolia.com
(*) 2014 pro-forma figures, including Dalkia International (100%) and excluding Dalkia France.

Contacts

Group Media Relations
Laurent Obadia - Sandrine Guendoul
Stéphane Galfré - Marie Bouvet
Tel.: + 33 1 71 75 17 50 Mobile: + 33 6 09 78 22 63
stephane.galfre@veolia.com

Category: 
General
Date: 
Wednesday, January 20, 2016