PRNewsWire
02 Jul 2026, 17:36 UTC · 14w ago
Central Arizona Irrigation and Drainage District Secures Up to 10,000 Acre-Feet Per Year of New Water Supply from Mojave Groundwater Bank
Impact · against what's priced in
CDZI secures its first water supply agreement with an Arizona water district, establishing a clear pricing benchmark of $850 per acre-foot and validating the commercial utility of the Mojave Groundwater Bank. While the MOU is a positive step toward revenue generation, the deal remains contingent on federal regulatory approval from the Bureau of Reclamation regarding interstate exchange mechanisms.
- CDZI+0.50
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