GE drops out of the race for Soreq
- From: Vol 10, Issue 6 (June 2009)
- Category: General
- Region: Middle East
- Country: Israel
- Related Companies: Baran Engineering, GE, GES, Global Environmental Solutions, Hutchison Water, IDE Technologies, Marine Engineering, Mekorot, Shafir Civil, Siemens, Tahal Group and Water Authority
GE has pulled out of Israel’s largest desalination project, which is struggling to attract financing. However, interest remains strong from bidders, with Siemens set to enter the fray.
GE has confirmed that it has pulled out of a consortium which had been expected to bid for the 411,000m3/d desalination plant at Soreq. The group had been partnered with Israel’s Housing and Construction Holding Company, which is now seeking a new partner.
The development came in the same week that GE was beaten to the contract ...
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