As stated by the EIB, the project will finance the design, construction and operation of a sea-water desalination facility, with production capabilities of 100 million m3 per annum to be located in Western Galilee, Israel.
The project iaims to ensure access to water, with significant climate change adaptation and mitigation impact, to address persistent droughts and increased demand for water in the country.
The project is procured under a public-private partnership (PPP) contract that includes a concession to build and maintain the facility for 25 years. The promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement. The borrower of the proposed EIB loan is the PPP winning bidder.
The Project will support a high priority water supply infrastructure in one of the world’s most water-stressed countries and will allow Israel to meet the growing domestic demand and to increase the volume of water transfers to Jordan and Palestinian territories through separate agreements. It will also contribute to mitigating the impact of climate change-induced decrease in the availability of fresh water resources.
As stated by Bloomberg, IDE Technologies Ltd provides construction services. The Company offers development, engineering, and operational services for desalination and industrial water treatment plants. IDE Technologies serves the municipalities, oil and gas power, mining, and resorts industries.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|IDE Technologies Group Ltd.
No project contacts provided at the time of disclosure.
Borrower - Ministry of Finance:
Address: 1 Kaplan Street, Jerusalem 9195015
Phone: +972 (0) 2-5317111
Fax: +972 (0) 2-5695347
Executing Agency - Ministry of Energy and Infrastructure:
Address: Ministry of Energy, 7 Bank Israel St. POB 3027, Jerusalem 9103001, Israel
Phone: +972 (0) 4-8644024
Fax: +972 (0) 4-8660189
Contractor - IDE Technologies Group:
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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