Navigation Links
WaterHealth International Announces $15 Million Financing by IFC
Date:2/16/2009

IRVINE, Calif., Feb. 16 /PRNewswire/ -- WaterHealth International, Inc. (WHI) today announced that the International Finance Corporation (IFC) has approved an agreement with WHI for a $15 million project financing facility. The facility is in the form of long term loans to help more than 600 communities in India fund the purchase of WaterHealth Centres over the next 18 months, with the capacity to serve more than three million people.

"In response to the need to address the urgent problem of waterborne diseases, WaterHealth plans to expand rapidly," said Dr. Tralance Addy, Chairman and CEO, WaterHealth International. "As we continue to do so as a result of strong demand, our need for capital to help communities finance these systems also increases. We are pleased, particularly in these challenging economic times, that IFC has elected to strengthen its relationship with WHI."

IFC South Asia Director, Paolo M. Martelli, said, "IFC's first in distributed water services sector in India, the project will provide access to affordable and clean drinking water to rural households. Clean water availability will have other positive impacts on health, education and gender equality. As more villages are added, the project will help generate local employment and provide training, significantly improving earnings of rural households."

WHI has more than 600 installations of its water purification and disinfection systems in developing countries around the world, with over 200 systems currently operational in India.

Last month, WHI announced the first close of its Series D funding for a total equity investment of more than $10 million.

About WaterHealth

WaterHealth International, Inc. provides innovative business solutions to one of the world's most desperate health crises, the lack of safe, clean and affordable water for the more than two billion people who have little or no access to it. WHI's award winning water purification and disinfection technology, combined with creative and unique business approaches, enable the delivery of highly affordable, clean water to even the most remote and underserved communities. WHI invests in health and hygiene education programs as part of its normal business practices to combat waterborne diseases in the communities it serves. WHI's website is www.waterhealth.com.

About IFC

IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. Our new investments totaled $16.2 billion in fiscal 2008, a 34 percent increase over the previous year. For more information, visit www.ifc.org and www.ifc.org/southasia.


'/>"/>
SOURCE WaterHealth International, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. i.HUG Foundation Receives International Grant: Hires a School Nurse to Improve Student Health and Learning
2. Thoratec Announces Definitive Agreement to Acquire HeartWare International For US$282 Million;
3. Stemedica Announces the Appointment of Riccardo Nisato, MBA, PhD as Director of Manufacturing and Clinical Business Development for Stemedica International
4. PRA International Speaking Event: Rational Drug Design and Development in Infectious Diseases
5. Service Corporation International Declares Quarterly Cash Dividend
6. HTH Worldwide to Provide Mobile Healthcare Tool to UNIGLOBE Travel Internationals Agencies
7. 22nd Annual International Congress on Endovascular Interventions Convenes in Scottsdale, Arizona
8. Service Corporation International Updates Fourth Quarter 2008 Guidance
9. Chindex International, Inc. Reports Third Quarter FY 2009 Financial Results
10. Internationally Acclaimed Researcher Joins UH Faculty
11. Chindex International, Inc. to Participate in UBS Global Healthcare Services Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/5/2016)... ... February 05, 2016 , ... In sleep, when the defenses of the day ... feature of patients with eating disorders is significant self-criticism, and consequently these patients experience ... are regarded as maladaptive means for coping with this unease, but also leads to ...
(Date:2/5/2016)... ... 05, 2016 , ... California Mobile Kitchens , a ... their latest mobile kitchen model, featuring customizable stainless steel interiors and a new, ... for use anywhere in the U.S. Many of their units can be seen ...
(Date:2/5/2016)... ... ... Calls Blacklist has just been updated by mobile app developer Vlad Lee. ... fixed known bugs within the app. Calls Blacklist allows its users to only have ... of their device’s battery power or memory. It provides a powerful call blocker that ...
(Date:2/5/2016)... ... February 05, 2016 , ... –This week, Atascadero water heater ... having a tankless water heater. To view the report, click here or ... tankless. While each has their pros and cons, the type chosen is almost entirely ...
(Date:2/5/2016)... ... ... is tired of trying to cram belongings into spare space that just isn’t there, a ... but before hastily spending money on a unit, take these tips into consideration. , Self-storage ... is often not told when utilizing these services are some tips on how to use ...
Breaking Medicine News(10 mins):
(Date:2/5/2016)... , Feb. 5, 2016  Venice,s newest ... is the first of its kind in the ... tattoos through advanced laser treatment. The physician-owned and ... Suncoast by storm with its revitalizing ... and advanced multi-wavelength Astanza Trinity technology. ...
(Date:2/5/2016)... -- Henry Schein, Inc. (NASDAQ: HSIC ), the world,s largest ... dental, animal health and medical practitioners, announced today that ... majority ownership interest in Dental Cremer S.A., a distributor ... . --> ... dental distribution business of Cremer S.A. With 2015 sales ...
(Date:2/4/2016)... IRVINE, Calif. , Feb. 4, 2016  Edwards ... in patient-focused innovations for structural heart disease and critical ... an accelerated share repurchase (ASR) agreement with Morgan Stanley ... common stock.  This repurchase is part of the Company,s ... of the Company,s common stock.  ...
Breaking Medicine Technology: