Mojave Groundwater Bank
Sector: Water Supply and Storage • Location: Cadiz, California, United States
Source: Stock Titan
The Mojave Groundwater Bank is a water supply and groundwater storage project expected to be the largest groundwater bank in the Southwest. Cadiz Inc. executed a definitive agreement with Lytton Rancheria for up to $51 million as the first tranche of financing for construction and development of the project. The financing is structured as an unsecured, convertible loan with initial proceeds of app
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The Mojave Groundwater Bank is a water supply and groundwater storage project expected to be the largest groundwater bank in the Southwest. Cadiz Inc. executed a definitive agreement with Lytton Rancheria for up to $51 million as the first tranche of financing for construction and development of the project. The financing is structured as an unsecured, convertible loan with initial proceeds of approximately $15 million to reimburse development costs and further draws to fund 2026 construction deposits. The project is being developed through Mojave Water Infrastructure Company, LLC (MWI), a special-purpose entity formed to construct, own, and operate the project. Cadiz plans to raise up to approximately $450 million in total equity capital for the project. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |