ARAB-IRANIAN RELATIONS - Feb. 22 - Water P/L To Kuwait.A $2 bn, 540-km water pipeline from northern Iran's Karkeh dam to the coast of southern Kuwait Kuwait (k  wīt`, –wāt) or Kowait (kō`–), officially State of Kuwait, independent sheikhdom (2005 est. pop. is to be built under the Gulf. The
project is announced in London London, city, CanadaLondon, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. by Gulf Utilities (formed by former directors of British construction group Taylor Woodrow, who on Feb. 21 met construction and water companies from Europe, the Middle East and Japan to discuss their potential involvement in the project. This could range from bidding for construction work to acquiring equity in the privately funded project, to be 80% debt-financed. Gulf Utilities, advised by Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Wasserstein, has an exclusive accord with the Kuwait Ministry of Electricity and Water to negotiate terms for a 30-year supply deal and is said to have offered a price more than 20% cheaper than water produced from desalination desalination or desalting Removal of dissolved salts from seawater and from the salty waters of inland seas, highly mineralized groundwaters, and municipal wastewaters. plants. The scheme would provide up to 200m gallons a day for Kuwaiti industrial and domestic use. Gulf Utilities, backed by Arab and European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. investors, is working with Energy Investment Co., a privately-owned group based in Tehran, and Gulf Water Company of Kuwait). |
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