Chairman of Contec Global, Dr. Benoy Berry made a tie-up with Maithri Aquatech. This is done to bring large-scale sustainable water solutions. It has to be provided to the Middle East and Africa. This tie up has been made to deliver atmospheric water generator (AWG) solutions. And that to be in the region in the next three to five years. The business is around Dh735 million.
They will work together to provide safe, potable, clean water on a sustainable basis. They will specialise in capacity building using Contec Global and Maithri’s joint expertise in delivering turn-key AWG projects for beverage and micro-irrigation in acutely water-stressed areas.
Contec Global mainly deals in agriculture, energy, information technology, automobiles, and manufacturing. Greenfields is a product that focuses on creating sustainable and profitable AgriTech solutions.
Contec Global is strengthening its presence in the Middle East & Africa in providing sustainable water solutions through Maithri Aquatech’s air-to-water technology, which is already widely deployed by governments, NGOs and private sector leaders. It is the only AWG solution approved by India’s Ministry of Water besides being a part of the UN Global Compact CEO Water Mandate, committed to achieving the UN’s Sustainable Development Goals (SDG 6 & 7).
Dr. Benoy Berry, expressed his excitement regarding this new business that with this opportunity, thaley can show an innovative and cost-effective technology to deliver end-to-end water solutions for clients across the Middle East and Africa. In line with our core focus, the partnership with Maithri expands Contec Global’s offering to hide scalable water solutions that are capable of manufacturing water from air on a mass scale and on a sustainable basis. Our solution is best suited to deal with the freshwater problem, which is predicted to assume critical dimensions within the coming years.”
Ramkrishna Mukkavilli, founder and MD of Maithri Aquatech, said: “With the Mena region focused on ensuring national-level food and water security, our AWG solution is ideally placed to satisfy water requirements sustainably, as our technology creates a perennial and decentralised water generating source. In addition to making countries and communities water-secure, it will have a tremendous positive impact on the environment. Our vision is to be the most important air waterworks within the world by providing a viable solution to mitigate one among the biggest existential problems faced by our planet. Through our partnership with Contec, we are building a worldwide organisation with the best-in-class talent and state-of-the-art production facilities.”
By providing our solutions through Contec Global’s established distribution system within the Middle East , it’ll help transform governments, corporates, communities, et al. from being net consumers of water to becoming net producers of water, on a sustainable basis as said by Dr Berry.
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These air-to-water solutions are tackling the water scarcity challenge. This has been faced by the Mena region for over time, which has an average water availability per person of only 1,200 cubic metres per year, compared to 7,000 cubic metres per annum in other regions. They will also help address the water scarcity problem within the Middle East , where about 85 percent of all water withdrawals are for agricultural purposes.
Contec and Maithri also see the AWG solutions as an honest fit for the clean energy agenda of the region, where electricity and water production are closely related. In Mena, desalination plants produce 48 per cent of the world’s total desalinated water, and as these plants are largely operated on oil, there’s increased stress on hydrocarbon use, adding to the large carbon footprint.
Source: khaleeja times