Worldwater Signs $52 Million Deal with Philippine Government

A US$52 million program will use solar pumps to provide irrigation and electricity to remote areas of the Philippines.

PENNINGTON, New Jersey, US, 2001-12-20 [] The U.S. Trade & Development Agency, the Philippines Government and WorldWater Corp. have signed agreements to use solar pumps for power in large sections of the Philippine Islands, from Luzon south to Mindanao. USTDA will provide $300,000 to fund the initial phase of the program, which involves a power and water feasibility study to be performed immediately by WorldWater. The nation-wide irrigation development project will follow next spring and will be financed by PNC Bank, with U.S. ExIm Bank guaranteeing 85 percent and backed by a Philippine government guarantee. The project, ‘Appropriate Irrigation Technologies for Enhanced Agricultural Production,’ will use WorldWater’s solar pumps and power products to irrigate high value crops and bring electricity to non-electrified areas. It will take engineers into all areas of the Philippines and is scheduled to be completed within two years. WorldWater has been active in the Philippines for three years and is very familiar with groundwater systems and resources, says CEO Quentin Kelly, including areas in Mindanao inhabited by Islamic rebels where WorldWater has installed solar pumps. WorldWater addresses water problems with its proprietary solar power systems, and has signed several other contracts in the Philippines in recent months, particularly with communities on the main tourist Island of Cebu. Kelly says the cumulative value of business in these communities is $10 million.
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