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:6/25/2016)... ... ... First Choice Emergency Room , the largest network of independent freestanding emergency ... its new Mesquite-Samuell Farm facility. , “We are pleased to announce Dr. Ogunleye ... M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. , Dr. Ogunleye ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin Johnson has ... he has implemented orthobiologic procedures as a method for treating his patients. The ... first doctors to perform the treatment. Orthobiologics are substances that orthopaedic surgeons use ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits ... terms of the latter, setting the bar too high can result in disappointment, perhaps ... slow progress toward their goal. , Research from PsychTests.com reveals that ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events may ... to unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. To ... for healthy coping following a traumatic event. , Trauma sufferers tend to feel a ...
(Date:6/24/2016)... ... ... a crisis. Her son James, eight, was out of control. Prone to extreme mood shifts ... upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a knife ... and say he was going to kill them. If we were driving on the ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... DUBLIN , June 24, 2016 ... "The World Market for Companion Diagnostic Tests" report to ... World Market for Companion Diagnostics The World ... diagnostic and personalized medicine diagnostics. Market analysis in the report ... Diagnostics Test Market (In Vitro Diagnostic Kits) by Region (N. ...
(Date:6/24/2016)... 2016  Arkis BioSciences, a leading innovator in ... durable cerebrospinal fluid treatments, today announced it has ... is led by Innova Memphis, followed by Angel ... investors.  Arkis, new financing will accelerate the commercialization ... release of its in-licensed Endexo® technology. ...
(Date:6/23/2016)... DUBLIN , June 23, 2016 ... the "Pharmaceutical Excipients Market by Type (Organic Chemical ... Preservative), Formulation (Oral, Topical, Coating, Parenteral) - Global Forecast ... The global pharmaceutical excipients ... 2021 at a CAGR of 6.1% in the forecast ...
Breaking Medicine Technology: