WATER TECHNOLOGY
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Irvine's WaterHealth secures $15 million, supplies clean water in India
International Finance Corp. provides funding.
By Kristen SchottPublished: February 18, 2009 10:49 AM
Irvine-based WaterHealth International, which provides clean, safe and affordable water solutions to people worldwide, is entering into an agreement with International Finance Corp. for $15 million in financing.
The funds are in the form of long-term loans that will help more than 600 communities in India purchase WaterHealth Centres during the next 18 months. The products will serve more than 3 million people.
WaterHealth Centres provide communities of 3,000 residents with up to 20 liters of safe, affordable drinking water per person, per day. The centers can also be organized to serve communities ranging in size from 2,000 to 10,000, as well.
The systems will help to reduce the amount of waterborne diseases and health risks in the area, as well as a number of other added benefits.
"Clean water availability will have other positive impacts on health, education and gender equality," says International Finance Corp.'s South Asia Director Paolo Martelli. "As more villages are added, the project will help generate local employment and provide training, significantly improving earnings of rural households."
WaterHealth International has more than 600 of its water purification and disinfection systems in developing countries worldwide, with 200 programs currently in India.
International Finance Corp., based in Washington, D.C., is a member of the World Bank Group and creates opportunities for people to escape poverty.
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The funds are in the form of long-term loans that will help more than 600 communities in India purchase WaterHealth Centres during the next 18 months. The products will serve more than 3 million people. WaterHealth Centres provide communities of 3,000 residents with up to 20 liters of safe, affordable drinking water per person, per day. The centers can also be organized to serve communities ranging in size from 2,000 to 10,000, as well. The systems will help to reduce the amount of waterborne diseases and health risks in the area, as well as a number of other added benefits. "Clean water availability will have other positive impacts on health, education and gender equality," says International Finance Corp.'s South Asia Director Paolo Martelli. "As more villages are added, the project will help generate local employment and provide training, significantly improving earnings of rural households." WaterHealth International has more than 600 of its water purification and disinfection systems in developing countries worldwide, with 200 programs currently in India. International Finance Corp., based in Washington, D.C., is a member of the World Bank Group and creates opportunities for people to escape poverty. Related headlines American Bio-Clean of Huntington Beach cleans up Bal Seal of Foothill Ranch springs into medical field "OC METRO Minute" Feb. 12: Senator Tom Harman joins E-3 Task Force "OC METRO Minute" Feb. 11: CHOC Children's joins bone marrow study "OC METRO Minute" Feb. 5: Flip Flop Shops green initiatives |
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