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
