IDE eyes new developer opportunities
- From: Vol 11, Issue 6 (June 2010)
- Category: General
- Region: Middle East
- Country: Israel
- Related Companies: IDE Technologies
A partial IPO in early 2011 could give the Israeli desalter the capital it needs to pursue new developer opportunities in Asia. First, it will have to convince potential investors that a revenue tail-off in 2010 is reversible.
When IDE Technologies inaugurated the Ashkelon desalination plant in Israel in 2005, the company was generating $70 million in annual revenues. Now, with the commissioning of the 368,000m3/d Hadera plant behind it, and the financing for the 510,000m3/d Soreq facility imminent, IDE has grown its turnover five-fold, and has ambitions to take its developer expertise into ...
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