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Azrieli lines up buyer for Palmachim desal plant

TASE-listed Azrieli Group has signed an MoU to sell the 300,000m/d Palmachim desalination plant in Israel to the Israel Infrastructure Fund for around NIS430 million ($125 million).
Azrieli has owned the plant through its Granite Hacarmel division since 2007 under a 25-year build-own-operate contract. Starting as a minority stakeholder it eventually bought out its partners to take full ownership of the plant in 2011.
It has also taken the SWRO plant through two rounds of expansion. Under its offtake agreement with the government for the most recent expansion, water produced at the plant is sold for a price of NIS2.09/m ($0.61/m).
The Azrieli Group is in the middle of a divestment programme to focus on its core real estate business. In the last few weeks it has agreed to sell its holdings in paint producer Tambour and fuel company Sonol, raising around $275 million.
- See more at: lines-buyer-palmachim-desal-plant.html?source=email#sthash.7dSreD0C.dpuf

Created by: Ella Offenberger
2014-06-22 10:52
IDE Technologies award

IDE Technologies today announced it was named as the Global Water Awards category winner of the Desalination Plant of the Year, Sorek, constructed in partnership with Hutchison Water International Holdings, the company announced in a press release. Sorek is the worlds largest and most advanced seawater reverse osmosis (SWRO) desalination plant. This award recognizes the plant as the most impressive technical and ecologically sustainable achievement in the industry. IDE also received a distinction award in the category of Desalination Company of the Year IDE earned the winning title in 2011.
Source: New Tech 23/4/2014
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Created by: Ella Offenberger
2014-04-23 13:26
GAZA STRIP: World Bank provides Gaza sanitation improvement grants
The World Bank has provided $13 million in grants focused on improving sanitation services in the Gaza Strip through two projects. The $10 million grant for the Gaza solid waste management project aims to improve solid waste disposal through providing an efficient, socially-acceptable and environmentally-friendly mechanism. The $3 million grant for the North Gaza wastewater treatment plant project is in line with the Banks commitment to construct a modern wastewater treatment plant and develop a reuse programme to irrigate surrounding fields with treated effluent.

Source: Water 21 Global News Digest 15/4/2014


Created by: Ella Offenberger
2014-04-23 11:22

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