Suez set to sign water, waste deals in India-source

PARIS | Tue Jan 22, 2008 8:53am EST

PARIS Jan 22 (Reuters) - Suez Environnement will sign water and waste deals worth nearly 100 million euros ($145 million) combined in India during a state visit by French President Nicolas Sarkozy this week, a source familiar with the situation told Reuters.

Degremont, a unit of Suez Environnement LYOE.PA, will be awarded a contract to build and operate a drinking water plant in Mumbai, and a waste treatment plant in an unidentified Indian city, the source said, asking not to be named.

"Degremont will sign a contract for a big plant in Mumbai, but there will be another second contract for waste treatment in a very big Indian city," the source said on Tuesday.

"This will be worth several tens of millions for the two contracts ... a little less than 100 million ($145 million)."

Nicolas Sarkozy will be in India for a state visit on Friday and Saturday. (Reporting by Marie Maitre; editing by Rory Channing)

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