TO BUSINESS AND ENVIRONMENTAL EDITORS: -- WorldWater Corp.
Signs Agreement to Become Master Consultant and Contractor for All Water and
Energy Programs in Somalia Company Currently Providing Water Management and
Solar Technology to 17 Countries
Story Filed: Monday, November 06, 2000 8:31 AM EST
MOGADISHU, Somalia, Nov 6, 2000 /PRNewswire
via COMTEX/ -- WORLDWATER CORP. (OTC Bulletin Board: WWAT), a full-service U.S.
based water management and solar engineering company, announced today that it
had signed agreements to become the master consultant and contractor for all
water and energy programs for the newly-elected government of the eastern
African nation of Somalia.
WorldWater, which specializes in proprietary solar pumps and solar electrical
systems to provide clean water and electricity in developing countries, signed
the agreement in the Somali capital of Mogadishu on October 25 with the Minister
of Mining, Water and Mineral Resources and with the Minister of Agriculture for
the new government, according to Quentin T. Kelly, Chairman and Chief Executive
Officer of the Company.
"Plans call for WorldWater to advise the government on water and energy
matters over the next three years on every aspect of water supply, including the
civil works of piping, distribution and delivery in the capital of Mogadishu, as
well as other municipalities and rural areas throughout the country," Mr. Kelly
said. "WorldWater also will concentrate on providing electricity to towns and
communities through renewable energy resources such as solar power, and will
advise on agricultural programs, managing the country's irrigation projects,
including the pumping delivery systems, which will mainly be solar."
The newly appointed Cabinet Minister for Mining, Water and Mineral Resources,
Hassan Abshir Farah, said, "Providing clean water and electricity to the people
of Somalia is a top priority in our
reconstruction. The American company, WorldWater Corp., is prepared to begin
immediately to plan and begin that operation as soon as we have organized our
budgets for the programs."
In addition to the potable water programs, agriculture will assume a
commanding position in the young government's plans, according to the new
Minister of Agriculture, Yusuf Moalim Amin. "Somalia's
economy is based on agriculture and we must resurrect our farming capabilities
as soon as possible. We're asking WorldWater to help us install properly managed
irrigation systems using their solar pumps as early as possible," Mr. Amin
stated.
Mr. Kelly said that under the three-year agreement WorldWater would develop
and manage and oversee contracting for the country's water resources and
incorporate renewable energy projects such as solar power into
Somalia's infrastructure. This includes
locating and managing groundwater sources in municipal and rural areas,
delivering water for drinking and for irrigation using the Company's solar
pumping systems and generating independent electricity with its solar power
systems.
Mr. Kelly said that the Company is establishing WorldWater
Somalia Ltd. as a Somali participating subsidiary to manage,
market and distribute water management and solar equipment services. WorldWater
also will be responsible for hydrological studies to determine the suitable
sites for water and solar electrical power systems.
Mr. Kelly said that WorldWater has the technology, equipment and expertise to
establish solar powered water and electricity generation projects on a broad
scale. "Our water stations could be set up in rural areas to provide water for
human consumption, livestock and irrigation purposes," Mr. Kelly stated. "We
also can supply water and power to homes, schools, health clinics, police
stations and businesses."
WorldWater has solar water pumping and electrical power systems operating in
17 countries. "We have demonstrated success in providing clean water and
electricity to developing nations and we look forward to bringing these basic
necessities to the people of Somalia," he
added. "We will endeavor to deliver these services, as circumstances permit and
as funding becomes available, in a manner as timely as possible." He said that
the government has indicated that water will be the largest item in
Somalia's budget.
WorldWater Corp., founded in 1984, possesses special expertise in developing
water sources and providing electrical power. Its solar pumps can retrieve water
from wells at a depth of 1,000 feet, far deeper than competing pumps. Its larger
pumps deliver 2,200 gallons per minute, 10 times more than its nearest
competitor, taking water from canals, streams and rivers for irrigation.
WorldWater also provides lighting and electricity by means of solar power
technology to users who are not located near utility company power grids.
"For 16 years since it was founded, the mission of World Water Corp. has been
to alleviate the difficult conditions under which many people live in developing
countries, with the most pressing needs generally being the availability of
water and electricity," Mr. Kelly said. "Successful projects such as those
provided by WorldWater Corp. immeasurably improve the lives of citizens in these
countries and strengthen the infrastructure of the nation itself. These projects
also are beneficial to our shareholders because of the significant privatization
efforts by the government to switch to private sector companies such as
WorldWater."
WorldWater, based in Pennington, N.J., has solar water pumping and electrical
systems operating in countries around the world, including the Philippines. It
recently started work on the first phase of a project valued at up to $20
million to bring safe drinking water to 150 municipalities in Cebu province in
the Philippines. The Company also recently contracted with the Province of Sulu
to supply water to all of the islands in that southernmost Philippine province.
The province's governor estimates the total value of the contract at $30 million
over three years. The Company also has contracts pending or in place in
Pakistan, Sri Lanka and Ethiopia.
WorldWater Corp. (
http://www.worldwater.com) is a
full-service water management and solar engineering company specializing in
solving water problems through use of solar energy. The Company produces and
distributes the proprietary AquaSafe(TM) and AquaMax 2200(TM) solar water pumps,
capable of delivering water in volumes from 5 gallons to more than 2000 gallons
per minute.
This document may contain Statements which constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Act of 1995.
"Forward-looking statements'' include any statement which is not of purely
historical fact, such as statements concerning plans, objectives, goals,
strategies and future events and underlying assumptions thereof. Such
forward-looking statements involve known and unknown risks, uncertainties
expressed or implied by such forward-looking statements to be materially
different from those projected. Such factors include, among other, general
economic and business conditions which may impact demand for the Company's solar
generated pumps and electricity; changes in tax laws and regulations; the
ability of the Company to implement its marketing strategy and to expand its
business in the worldwide market; the ability of the Company to build its
production facility up to the level of efficiency and output of its planned
production; and changes in laws and government regulations applicable to the
Company, including laws in foreign nations.
SOURCE WorldWater Corp.
CONTACT: Quentin T. Kelly, Chairman & CEO of WorldWater Corp.,
609-818-0700
URL:
http://www.worldwater.com
http://www.prnewswire.com
SOURCE:
http://www.somaliawatch.org/
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