Lifequest Closes Investment in Its First Design Build Own Operate Abattoir Wastewater Treatment Plant with a 20 Year Concession Period
LIFEQUEST WORLD CORP (LQWC) has announced a significant investment in a decentralized wastewater treatment plant, targeting a daily capacity of 200m3. This facility, set to treat abattoir wastewater, is backed by a 10-year Water-as-a-Service (WaaS) agreement, generating approximately $3.5 million in free cash flow and a 25% equity IRR. The plant is expected to be operational within 8-12 weeks. CEO Max Khan emphasized the shift towards Build Own Operate strategies, highlighting the increased demand for sustainable wastewater solutions amidst the post-Covid recovery.
- Investment in a 200m3/day wastewater treatment plant with a 10-year WaaS agreement.
- Expected generation of $3.5 million in free cash flow over the concession period.
- Anticipated 25% equity IRR from the project.
- Focus on Build Own Operate strategy aligning with market demand for wastewater recycling.
- No information disclosed about the exact investment amount or plant location.
- Potential risks associated with political unrest and Covid-19 impact in operational regions.
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RIDGEFIELD PARK, NEW JERSEY, July 14, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – LIFEQUEST WORLD CORP (LQWC) is focused on innovative, scalable and disruptive decentralized wastewater treatment and reuse technologies. The Company has used its own capital to make this investment, which involves full recourse project debt and
Mr. Max Khan, CEO, said, "We previously announced our intent to focus on Build Own Operate strategy along with outright system sales, which has been severely impacted by Covid-19. ESG focused commercial customers are increasingly embracing recycling of wastewater and at the same time looking to avoid capital investment and operational complexities. Water-as-a-Service agreements allow customers to concentrate on their core business and generate savings from reuse of water. Our goal is to have a portfolio of Build Own Operate plants in South Africa, Turkey, India and Bangladesh with long-term concessions. We also have the right of first refusal on a pipeline of projects at various stages of development. For competitive reasons, we are not disclosing the investment amount and the country where the plant will be located, but will be included in our next scheduled filing. This and future investments are expected to generate stable cash flow for our shareholders over a long period. We are working diligently to line up financing for future plants as well.”
About Lifequest & Biopipe
Lifequest offers effluent treatment plants (ETP), sewage treatment plants (STP), fat oil and grease (FOG) separator and hybrid media for water polishing. Biopipe, a wholly owned subsidiary, has developed a patented
Contact: Tanmay@lifequestcorp.com
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