Poseidon awaits crunch decisions
- From: Vol 10, Issue 6 (June 2009)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Barclays Capital, Poseidon Resources, San Diego County Water Authority and San Diego Regional Water Quality Control Board
The Carlsbad project may yet have a second lap of the permitting process to go. Christopher Gasson looks at what the marathon means from an investor perspective. Is the process so bad that it is good?
Poseidon Resources is confident of closing the financing of the its $300 million Carlsbad desalination project, despite new obstacles being thrown in its way by California’s Byzantine permitting system. Although the company was granted its final permit from the San Diego Regional Water Quality Control Board last month, changes to made to the proposed project during the permitting process ...
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