ICL & the Delek Group Announce IDE Technologies Has Won Israel's Sorek Desalination Plant
http://www.tradingmarkets.com/.site/news/Stock%20News/2726445
TEL AVIV, Israel, December 15, 2009
IDE Technologies, a world leading provider of sophisticated water
solutions, and its shareholders ICL (50%) and the Delek Group (50%),
announced that SDL (Sorek Desalination Ltd) - a company formed by IDE and
Hutchison Water, was selected today as the winner of the Israeli government's
prestigious Sorek desalination plant tender.
SDL is owned by IDE (51%) and Hutchison Water (49%). The Sorek seawater
reverse osmosis (SWRO) facility will be constructed under the BOT (Build
Operate Transfer) model, similar to the model used successfully by IDE and
its partners in delivering Israel's Ashkelon and Hadera desalination
facilities.
The Sorek SWRO plant will reach a desalination capacity of 150 million m3
of seawater per year, a volume which will make it Israel's largest SWRO
desalination facility and one of the largest of its kind in the world. The
plant will use energy generated on-site in a private energy generation
facility (IPP) to be built by Delek Infrastructure Ltd.
Commenting on the news, Mr. Avshalom Felber, CEO of IDE Technologies,
stated, "We are proud to have won an additional tender for the creation of a
significant new desalination facility in Israel. IDE is a leading player in
the world seawater desalination industry, and this project is another
achievement in the chain of major desalination plants delivered worldwide,
using cutting-edge technologies. Among these, we are very proud of our
Israeli successes, including the Ashkelon facility (currently the largest
operating SWRO facility worldwide), which has been operating successfully for
over four years, and the equally large Hadera plant which we expect to begin
full streaming in the next few weeks."
Mr. Felber added, "We look forward to working together with Hutchison
Water to carry out this large, complex project. We believe that our winning
of this tender is further evidence to confirm the creativity, technological
and business innovation of our company and our ability to succeed in
executing complex, long-term projects of this type."
About IDE
IDE Technologies Ltd. is an Israel-based international pioneer and leader
delivering sophisticated water solutions. Owned jointly by ICL (50%) and the
Delek Group (50%), IDE has been active for over 45 years in the building of
desalination plants throughout the world. The Company specializes in
developing, planning, building and operating desalination plants and advanced
water solutions. To date, IDE has established approximately 400 desalination
plants of various sizes in over 40 countries throughout the world, each of
which supplies high-quality desalinated water for use by industry,
refineries, municipalities and agriculture. The total desalination capacity
of plants built by IDE currently stands at more than 1,600,000 m3 per day.
After the completion of the new Sorek facility, the total desalination
capacity of plants built by IDE will total more than 2,000,000 m3 per day.
For more information, please visit http://www.ide-tech.com.
Press Contact: Fleisher Communications and Public Relations, Amiram
Fleisher, +972-3-6241241, amiram@fleisher-pr.com