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JERSEY CITY, NJ April
10, 2003 - Prebon Energy announced today a new agreement
with WestWater Research to jointly develop a full range of
water asset management services to assist energy and industrial
clients. Securing reliable water supplies is of fundamental
importance to all major development projects. This joint effort
will focus on three critical areas:
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Identifying new and existing water sources.
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Assuring reliable and cost-effective
water supplies. |
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Acquiring secure rights to water supplies.
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By combining their skills,
strengths, and experience, Prebon and WestWater will be able
to provide their clients with superior service in recognizing
the value of their water rights and assets and realizing
that value with experienced water pricing analysis, dynamic
marketing strategies, and dependable brokerage services.
The emerging market in water pollution credits
also offers new opportunities to energy and industrial clients.
Prebon and WestWater will identify strategies to link greenhouse
gas emissions trading with the development of water pollution
credits.
According to Edward Novak, President of Prebon
Energy: “Our new service recognizes the importance that
water plays in energy and industrial development. By joining
forces with WestWater, we have assembled a team of accomplished
and respected professionals with broad experience in the water
and energy industries.”
Clay Landry, managing director of WestWater
Research, comments “The technical skills and broad-based
knowledge that we have acquired in these new and competitive
markets will allow us to develop a portfolio of innovative
and adaptive approaches to water supply solutions for our
clients." He adds, "Prebon's brokerage expertise
and energy industry network will facilitate the delivery of
these solutions to customers.”
Note to editors
WestWater Research
WestWater Research is a leading water-marketing
firm, specializing in water resources development, water transactions,
and valuations for water rights and assets. WestWater Research
is forging new markets for water by providing solutions to
the energy industry and water suppliers as well as agricultural
producers, landowners, and real estate developers. www.waterexchange.com
Prebon Energy
Prebon Energy is one of the world’s
leading institutional brokers of physical and financial energy
products, serving the power, natural gas, coal, emissions
and oil markets. Prebon Energy is part of the Prebon Yamane
group of companies, which provides brokerage services for
institutions worldwide in the OTC markets, including the markets
for foreign exchange, money market instruments, emerging markets
products, derivatives, securities and energy products. The
firm and its affiliates comprise more than 1,600 staff located
in 29 financial centers worldwide, including close to 200
energy professionals in offices in the New York area, Amsterdam,
Houston, London, Salt Lake City, Singapore, Sydney and Tokyo.
www.prebon.com.
For More Information Contact:
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Copyright 2002 Prebon Group Limited. All Rights Reserved. Disclaimer
WestWater Research