
Retrieved from: merco press
“The Finance Ministry has approved the construction and operation of a desalination plant in Soreq in southern Israel. Officials said the facility would contain a capacity to produce 150 million cubic meters of drinking water per year, or the second largest desalination plant in the world.
“On completion of the plant, which is one of the world’s biggest desalination plants, the desalinated water will constitute over 65 percent of the economy’s domestic water consumption,” Finance Minister Yuval Steinitz said. “This step will make a significant contribution to solving Israel’s water crisis.”
“On May 23, the ministry signed an agreement for the $400 million project with an Israeli-led joint venture, SDL. SDL was owned by Israel’s IDE Technologies and the Hong Kong-based Hutchison Water International Holdings, winners of a desalination tender.
“Officials said the desalination pant would be completed in 2013. They said the 100-dunam facility, designed to operate on reverse osmosis technology, would be based on the so-called build-own-transfer model, designed to avoid government ownership. Investment in the project has included the European Union’s European Investment Bank.”
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