Veolia Australia and New Zealand (Veolia ANZ) and the Caltech Group (Caltech) have today strengthened their cooperation to contribute to the sustainable development of communities and industries within Timor-Leste by signing a Memorandum of Understanding (MoU).
The MoU between Veolia ANZ and Caltech enables both parties to explore sustainable water, waste, industrial services and energy solutions through alignment of these complementary business activities.
Both parties are committed to helping Timor Leste improve sustainability outcomes whilst also raising compliance and regulatory standards across the nation.
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Veolia is the global leader in optimised resource management. With nearly 179,000 employees worldwide, the Group designs and provides water, waste and energy management solutions which contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.
In 2019, the Veolia group supplied 98 million people with drinking water and 67 million people with wastewater service, produced nearly 45 million megawatt hours of energy and treated 50 million metric tons of waste. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €27.189 billion in 2019 (USD 29.9 billion). www.veolia.com
Caltech is a Timor based and Timorese owned company founded in June 2000 specialising in the provision of Offshore Support Services and Onshore construction, project management and logistic services.