FinTechFunding

Clean TeQ Water: Partners with Upwell Water for BOOT projects

Clean TeQ Water Partners with Upwell Water for BOOT projects

  • Clean TeQ Water (CNQ) partners with Upwell Water to invest in water treatment plants and sell water treatment services
  • The companies will operate under a build, own, operate, and transfer (BOOT) delivery model and are aiming to deploy US$150 million (A$220.92 million) over four years
  • Clean TeQ is taking responsibility for the design, installation and operation of water treatment plants and assets, with Upwell to provide the necessary capital
  • CNQ believes the partnership will enhance its growth by attracting capital constrained customers and a long-term revenue stream
  • Shares are trading 3.77 per cent higher today at 55 cents each at 1:03 pm AEST
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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