Israeli Netafim to Provide Irrigation System to Peru
Written by: Aaron Katsman | March 4, 2009
While israel suffers through a major water shortage, it’s good to know that israeli companies continue to develop cutting edge water technology to help solve the problems of other countries around the world. The Israeli firm Netafim won a $22 million tender to install water irrigation systems for Peru.
According to Ynet: “Netafim, jointly owned by Kibbutz Hatzerim, Kibbutz Yiftach, Kibbutz Magal, Markstone Capital Group, and Tene Capital, signed the deal valued at $22 million, good news in light of the economic crisis, which has affected agricultural companies, mainly because of dried up credit sources for financing large-scale agricultural projects. Netafim themselves recently laid off more than 200 employees following a decrease in orders. The deal, signed with Peruvian company Maple Energy, stipulates that Netafim will provide engineering, planning, procurement, and building services, while also being the exclusive supplier of irrigation equipment for the sugar cane project. Maple Energy produces energy for industrial clients from oil, gas, and ethanol and is headed by CEO Rex Canon. The project will be spread over some 20,000 acres in southern Peru, which will be used to grow sugar cane used to produce ethanol and electricity. Infrastructure building is scheduled to be finished in 2010.”
This is a big win for Netafim, and an even bigger win for israeli water technology as a whole.
Share with others:
