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4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Water Resources Group Ltd    WRG   AU000000WRG8

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Water Resources Group Limited : Site Preparation begins in Cape Verde

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03/20/2012 | 03:14am CEST

20 March 2012

SITE PREPARATION BEGINS IN CAPE VERDE

FOR WRG ASWRO SYSTEM

Water Resources Group Ltd (ASX: WRG: US: OTC-WTRSY) is pleased to announce that site preparation has commenced in Cape Verde in support of the Water Offtake Agreement between the Municipality of Santa Catarina and Blue Aquifer LDA, WRG's 49% owned joint venture company.
WRG related entities worked with representatives from Catalana de Perforacions (Spain) to conduct reconnaissance for seawater intake and brine discharge sites around the island of Santiago in Cape Verde. Investigations including underwater surveys, water and sediment samples in conjunction with the measurement of key parameters for the intake and outfall design process were conducted.
Preparations were made for the next phase of the geotechnical investigation which will include marine geophysical mapping and investigation of the sub-bottom geology to enable the installation of a Neodren® infiltration system.
The Water Offtake Agreement, signed by the President of the Municipal Council of Santa Catarina and announced in January 2012, is for the supply of 4,000 cubic metres of water per day as an initial requirement with the provision that this could be increased in the near term. The Contract calls for Blue Aquifer to supply potable water to Santa Catarina for a term of 25 years, a contract worth at least USD95,000,000.
For further information contact:
Brian Harcourt, CEO. Australia +61 423 555 885
USA +1-916-990-5995
About Water Resources Group:
• Water Resources Group (WRG) is an Australian company providing advanced, low-cost chemical-free, community based water desalination systems to global customers
• US operations are based in El Dorado Hills, California
• Unlike large scale desal projects such as the United Arab Emirates' Jebel Ali Facility, or the nearly completed Wonthaggi System in Victoria, Australia which produce more than 200,000 cubic metres per day, WRG's commercial focus is on 4,000-60,000 cubic metres per day facilities to service small towns and other centres such as mine sites, resorts and islands
• The Company's Advanced Seawater Reverse Osmosis (ASWRO) system is modular, meaning that it is possible to expand via the number of plants provided to municipalities and other customers as their needs expand
• WRG pursues contracts in partnership with prestigious local bodies in targeted countries, holding 49% of these partnerships

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This press release was issued by Water Resources Group Limited and was initially posted at http://www.waterresourcesgroup.com/IRM/Company/ShowPage.aspx/PDFs/1028-42545612/SitePreparationbegin sinCapeVerde . It was distributed, unedited and unaltered, by noodls on 2012-03-20 03:12:03 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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