Private Investors Wanted For New Desalination Plant
Written by: Aaron Katsman | January 25, 2009
Looking to invest in the up and coming field of water technology? Have a couple hundred million dollars available? For those looking at investing in this field Israel should be your destination. The Israeli water company Mekorot has a subsidiary that is offering private investors an option for a 40% stake in the planned $625 billion project due to be completed in 2012.
According to Globes: “The company is due to build the 100-million cubic meter a year desalination facility at Ashdod by 2012. It will be Israel’s fifth seawater desalination plant on the Mediterranean coast. The project was originally conceived as a turn key project between Mekorot Enterprises and a contractor who would build the plant for NIS 1.5 billion. However, at the conference, Mekeorot Enterprises CEO Giora Gutman said that the company might offer a partnership of up to 40% of the franchise for the sale of water to the state and in the operation of the plant.”
With Israel facing another year of drought, the plant coming online as soon as possible will be very helpful, to help combat the Israeli water shortage.
Share with others:
