Largest SWRO Desalination Plant in the World Inaugurated in Hadera
127M Cubic Meter Plant Built by Israel’s IDE Technologies and Housing & Construction Group at an Investment of ~$430M
Published on D&WR
Published on Water World
Kadima, Israel, May 16, 2010: H2ID, a joint venture of Israel’s IDE Technologies and Housing and Construction Group, will today inaugurate the Hadera seawater desalination plant, the largest Reverse Osmosis plant in the world. With the ability to produce 127 million cubic meters of high quality water per year at a price of $0.57 per cubic meter, under a 25 years BOT agreement with the Government of Israel. This is a groundbreaking facility that continues in the tradition of IDE’s Ashkelon plant, which has been in service since 2005.
The inauguration ceremony was attended by Israel’s President, Mr. Shimon Peres, and other dignitaries from the Israeli government, the H2ID partnership and banks that funded the project.
“This is a very exciting day for IDE, for Israel and for the water industry as a whole,” commented Mr. Avshalom Felber, CEO of IDE Technologies. “The success of the mega-desalination plant concept has ushered in a whole new era of plentiful, affordable water for a world facing severe water challenges. With the launch of the Ashkelon plant in 2005, we pledged to continue pursuing further breakthroughs in plant capacity and water cost. As we take pride in the results of the Hadera plant, we rededicate ourselves to reach for new horizons in the Soreq plant we are now constructing.”
The investment in the construction project which totaled NIS 1.6 billion (approximately) was funded by a consortium of international banks, including the European Investment Bank (EIB); Calyon, the French investment bank; and Esperito Santo (BES), the Portuguese investment bank. The unique financial package earned international recognition, resulting in the project being named the Project Finance Deal of the Year 2007 by Euromoney, a prestigious magazine covering economic sectors.
IDE Technologies is a global Israeli company which is a pioneer and leader in the field of water technology. The company is owned by ICL (50%) and Delek (50%), and has 45 years of experience in the installation of desalination plants around the world. The company specializes in the development, planning, production and operation of desalination plants and other advanced water solutions. IDE has constructed 400 desalination plants of various sizes and technologies in 40 countries – some of them the largest of their type in the world. The accumulated production output of these facilities is over 2,000,000 m3/day. IDE has achieved important technological breakthroughs in the fields of thermal and membrane desalination, and is also active in other fields, including industrial cooling, the production of artificial snow, industrial evaporators and solutions for the re-use of sewage water.
Mon, 2010-05-17