Hutch finds the winning formula at Soreq
- From: Vol 11, Issue 1 (January 2010)
- Category: General
- Region: Middle East
- Country: Israel
- Related Companies: Delek Group, European Investment Bank, Hutchison Water and IDE Technologies
IDE and Hutchison Water have been chosen to develop Israel’s largest ever desalination plant. The low off-take price is not all it seems.
Hutchison Water has made an important breakthrough in its bid to become a major player in the global water market, winning the contract to develop the 411,000m3/d Soreq desalination plant in Israel in partnership with IDE.
Hutchison Water will take a 49% stake in the consortium, with IDE holding the remaining 51%. A decision on which bank will ...
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