New Asia Investment’s-holding GD Wasser secures pilot project in Vietnam
- GD Wasser expands its water business in Da Loc, Tra Vinh Province, Vietnam, with the launch of a new pilot project for an international NGO
- Start of water production planned for Q1 2014
- Strong potential for further projects in other locations in Vietnam in the near term future
Singapore – November 18, 2013 – GD Wasser announced today its entry into another water treatment project in Vietnam: a pilot project to improve water and sanitation conditions in Da Loc. Da Loc is a commune of Chau Thanh district in Tra Vinh Province. GD Wasser’s responsibilities include the construction and installation of two water purification and bottling systems with a capacity of about 25m3 per day each. These consist two out of ten pilot projects in total, planned from GD Wasser to be completed in 2014.
The project has been assigned to GD Wasser from an international development non-governmental organization (NGO) with a strong track record in implementing sustainable water infrastructure projects to improve the health and quality of life of communities in Asia.
Both systems will be based on the Reverse Osmosis (RO) water purification technology. One of the core advantages of the RO units is that they can be used in a rural setting with very little automation, so that they can be easily maintained by the community.
The new plant will serve as a pilot for further projects of similar nature in other provinces of Vietnam while its technical advantage will translate into reduced costs and better quality water for the local community.
About GD Wasser
GD Wasser is a joint venture between three companies: New Asia Investments Pte Ltd (30%), De.mem Pte Ltd (40%) and Glacier SG Pte Ltd (30%). GD Wasser operates mainly on a Build-Own-Operate (BOO) model for providing clean water to its municipal and industrial clients. This means that the company finances, designs, builds and operates decentralized water treatment plants. By taking charge of the entire process, GD Wasser keeps the cost per unit volume of water produced affordable for its clients. Focused on the emerging market of Vietnam. GD Wasser is based in both Singapore and Ho Chi Minh City, Vietnam.
For more information on GD Wasser: www.gdwasser.com
About New Asia Investments
New Asia Investments Pte Ltd was established in Singapore in 2012 with the goal to explore the growth markets of Asia, with a focus on med tech, clean tech (water and energy) and industrial innovations. Via its predecessor companies, it has been active in Singapore since 2008. As a venture capital investment company, New Asia Investments invests in young, up-and-coming technology companies which are approaching market launch or have innovative products already on the market. In Singapore, it invests as a partner of Singapore government via a separate side fund. New Asia Investments is led by an experienced management team while its shareholders include a number of strategic investors based in Asia, which support the company’s expansion actively through their network and experience.
New Asia Investments holds 10% in De.Mem. The investment is made via New Asia Investment’s Singapore fund, in which Singapore government is a co-investor via the National Research Foundation. Since 2009, the 22 million SGD fund, managed from New Asia Investments, has invested in five companies all headquartered in Singapore.
As for GD Wasser, New Asia Investments provides a loan facility to fund the initial water treatment plant projects. It also receives a 30% share in GD Wasser’s equity.
For more information on New Asia Investments: www newasiainvestments.com