"Economically it makes a lot of sense" ????
Not so fast, my friend. You have not spelled out the extent of treatment at the existing wastewater treatment plant.
Generally, you will need additional treatment to remove the phosphorous and ammonia, and then you will need to filter, and disinfect if you want to recycle the water for cooling tower use. That type of treatment is labeled as advanced treatment.
Advanced treatment is a significant cost and something most have walked away from. Everyone thinks that water is water until they look into the details.
Here some water guidelines for you.
Table 7 – Typical Quality Guidelines for Chemically Treated Circulating Water
Property of Water Recommended Level
pH 6.5 to 9.0*
Hardness as CaCO3 30 to 750 ppm2
Alkalinity as CaCO3 500 ppm maximum2
Total Dissolved Solids 1500 ppm maximum
Conductivity 2400 micromhos3
Chlorides 250 ppm maximum as Cl 410 ppm maximum as NaCl
Sulfates 250 ppm maximum
Silica 150 ppm maximum