Areva and Namibia Water signs water sale agreement

By IVCPOST Staff Reporter

Jul 26, 2013 09:36 AM EDT

Areva SA announced that they will sign an offtake arrangement to supply Namibia Water Corp.. Under the terms of the agreement, Areva SA will supply Namibia Water with at least 2.64 billion gallons or 10 million cubic meters annually. The treated water will come from Areva's desalination plant in the country. The water plant is located in the Erongo region of Namibia. The water supply will be used by Namwater for the coastal towns of Walvis Bay and Swakopmun. Both towns lie in the Namib Desert.

The plant has become available since Areva halted its plans use the Trekkopje uranium mine. Areva initially invested US$970 million for the mine. An additional US$250 million will be allocated for the Namibia Water Corp project.

"We are currently in the final stages of our negotiations with Namwater," said Hilifa Mbako, managing director for Areva Resource Namibia. "We expect a ramp up to 10 million cubic meters over five years."

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