Wastewater treatment plant, Melbourne, Australia
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Synertec has won a contract to provide Melbourne Water with an advanced integrated control system to better manage the water and data from the Upper Yarra Reservoir
  • This contract is a testament to the company’s strategy and 11-year long relationship with Melbourne Water
  • This Upper Yarra project is highly innovative and may provide annual savings of over $5 million to Melbourne Water
  • This can be achieved by averting the need for workers to visit the site to manually test and monitor water
  • Synertec’s shares remain flat today, trading for 4.8 cents each

Synertec has won a contract to provide Melbourne Water with an advanced integrated control system to better manage a network of water tributaries.

This contract is a validation of Synertec’s strategic focus on critical infrastructure projects across the water, transport and hydrocarbon industries.

Specifically, Synertec’s automated control system solution is aimed at improving the water quality and volume data from the Upper Yarra Reservoir.

The company’s commercial relationship with Melbourne Water spans 11 years. Over this time, Synertec has grown its reputation as a trusted innovations solutions provider for addressing complex challenges.

“We are proud of our longstanding commercial relationship with Melbourne Water. This award follows our recent service contract extension at their Eastern Treatment Plant, which we announced in June,” Managing Director Michael Carroll said.

This Upper Yarra project is highly innovative and may potentially provide annual cost savings of over $5 million to Melbourne Water.

This may be achieved through reduced demand for water from the Victorian Desalination Plant.

Additionally, the company expects the provision of a control system solution will improve safety by averting the need for workers to come onsite to manually test and monitor the water.

“It is pleasing to report yet another illustration of our proven ability to provide highly intelligent integrated solutions to our clients’ systems,” Michael added.

Synertec’s shares remain flat today, trading for 4.8 cents each at 3:57 pm AEDT.

SOP by the numbers
More From The Market Online

Genex Power enters long-term offtake agreement with Stanwell Corp

Genex Power (ASX:GNX), through its subsidiary K3W Project Co, has entered into a 15-year PPA with…

After 10 years, Genex Power is nearing QLD Kidston pumped hydro dam

Genex Power (ASX:GNX) – the company behind Queensland's Kidston pumped hydropower project – has today confirmed…

Origin Energy (ASX:ORG) powers through lower oil prices in June quarter

Origin Energy (ASX:ORG) has reported its quarterly report for the period ending 30 June 2023, highlighting…

Infratil (ASX:IFT) announces NZ$850 million equity raising to acquire One New Zealand

Infratil (IFT) has acquired Brookfield Asset Management’s remaining 49.95 per cent stake in One New Zealand for NZ$1.8 billion...