Join our daily newsletter At The Bell to receive exclusive market insights
- Water treatment company Clean TeQ Water (CNQ) receives a contract to make bore water drinkable in the Northern Territory town of Laramba
- The $5 million contract with Power Water Corporation will see CNQ supply a treatment plant to remove pollutants from the town’s bore water using its ion exchange technology
- Design of the plant has already begun, with completion expected by December 16
- CNQ shares are up 1.3 per cent, trading at 58.3 cents
Water treatment company Clean TeQ Water (CNQ) has been awarded a contract to make bore water drinkable in the Australian Northern Territory town of Laramba.
The $5 million material contract with Power Water Corporation will see Clean TeQ supply a treatment plant, which will remove pollutants from the bore water in the town, to meet Australian Drinking Water Guidelines.
This treatment plant will be a first, paving the way in the NT Government’s $28 million programs to improve water quality and supply infrastructure to prioritised areas of critical need.
The company says the plant which they will be designing, manufacturing and delivering, will use Clean TeQ’s ion exchange technology to remove pollutants from bore water.
Design of the plant has already begun via a letter of intent, signed in March of this year and completion of the plant is expected by December 16.
“We hope this to be the first of multiple contracts with Power and Water as they look to upgrade the water infrastructure in remote towns in the Northern Territory,” CEO Willem Vriesendorp said.
“This contract demonstrates the development of our company in delivering larger and more complex plants.”
CNQ shares were up 1.3 per cent, trading at 58.3 cents at 1:50 pm AEST.
