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Stock Market & Financial Investment News

News Breaks
August 20, 2014
10:13 EDTXYLXylem wins $19.6M contract
Xylem announced that it has won a contract worth $19.6M to provide custom-made Flygt pumps for the Xayaburi run-of-river hydropower dam. The dam is located on the Mekong River in the town of Xayaburi. The construction of the dam allows water to be kept within the riverís course and minimally raises the water level to allow fish migration between the Upper and Lower Mekong, while providing electricity to about 1M people in Laos and 3M people in Thailand. Construction of the $3.5B hydropower dam began in 2012. Commercial operation is slated to begin in 2019.
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