WD News: Cambi had announced that a conditional DBO contract has been awarded to the company, with the parties entering exclusive negotiations. The award was anticipated in the third-quarter 2022 presentation, where Cambi reiterated its expectation to enter this project development phase within a short time.
The conditions for the contract award are the successful completion of contract negotiations with the US municipality and receiving the necessary planning permissions. A firm DBO contract for the project may be signed towards the end of this year.
Cambi is developing this DBO project in collaboration with well-established local partners, in line with its strategy. The company will take a minority ownership interest and supply core technology, including the THP system.
Source & image courtesy: CAMBI