WHAT WE DO
Water covers 70% of the earth and is vital for all known forms of life. It plays an important part in our economy and there is a clear correlation between access to safe water and GDP per capita. In New Zealand this is evident by figures showing a large amount of freshwater goes to agriculture through irrigation. Agriculture is one of the backbones of the country's economy. Cranleigh's Water team offers deep knowledge and skills in water, wastewater, stormwater, irrigation and related infrastructure sectors.
HOW WE DO IT
Services offered by the team include:
- Pricing methodology
- Regulatory issues
- Strategic reviews
- Financial modelling
- Financial and economic analysis
- Project financing evaluation, including investment and bank debt feasibility
- Structuring and implementation of joint ventures and partnerships
- Management and governance reviews
WHAT WE HAVE DONE FOR OUR CLIENTS
- Assisted Victoria Regulator-General's office to develop the regulatory framework, policies and administration for Melbourne Water and the state's water distribution businesses.
- Undertook detailed strategic reviews of forecast capital and operating expenditure of three Victorian water distribution companies to evaluate the appropriateness, reasonableness and demand for proposed services or upgrades.
- Provided advice to Melbourne Water on: evaluation of strategy options for the restructuring/divestment of the farming operations at the Werribee Sewerage Treatment Plant; scoping of strategic options for the sale or lease of non-core land assets; the establishment of a private sector funded and operated methane gas to energy generation facility; and, a review of treasury and financial risk management procedures and policies.
- Developed a water, wastewater and stormwater capital evaluation methodology and process for Melbourne Water, including consideration of economic, environmental and social factors. Also analysed the corporate strategies and capital expenditure based on economic and non-economic criteria.
- Analysed how the water division of Rodney District Council, with more than $300m in assets, could be run on a more commercial basis. The project required long-term financial modelling of the water business, reviewing the economic principles underpinning sustainable pricing policies and procedures for maintaining and renewing water assets, and determining key issues if the council adopts a different model for managing its assets.
- Developed a financial model for Manukau City Council to determine the impact on the city from establishing Manukau Water as a stand-alone council controlled organisation.
- Led the negotiations between Rodney District Council and Genesis Energy, which plans to build a $500m 425 megawatt power station within the district. Work covered land use, economic and environmental issues and financial consideration to be paid to the council.
- Cranleigh director a director of Watercare Services, New Zealand's biggest company in the water and wastewater industry. The company supplies bulk water across the Auckland region to six water retailers which, in turn, supply the water to customers in the region. Watercare also operates the regional wastewater network, including the recently upgraded Mangere Wastewater Treatment Plant.