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    Signature(s)

    Amount
    € 25,220,000
    Countries
    Sector(s)
    Israel : € 25,220,000
    Water, sewerage : € 25,220,000
    Signature date(s)
    11/06/2009 : € 25,220,000

    Summary sheet

    Release date
    9 February 2009
    Status
    Reference
    Signed | 11/06/2009
    20090052
    Project name
    Promoter - financial intermediary
    Hadera Desalination Plant - Extension

    H2ID Ltd.
    P.O. Box 5016
    Hamatechet Street
    Hasharon Industrial Park
    Kadima, 60920
    Israel

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 35 million.
    Up to EUR 70 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the extension of the 100 m m3/year Hadera desalination plant currently under construction (and part financed by the EIB) by adding production capacity to deliver an additional 27 m m3/year.

    The project’s main benefit is the increase of available potable water in a region with scarce water resources. The project will contribute to fill the existing gap in the country’s water balance, which is driven mainly by increasing demand which has led to an over-exploitation of the aquifers.

    Environmental aspects
    Procurement

    According to the promoter and the State of Israel the environmental aspects of the extension are already covered by the existing Environmental Impact Assessment. During appraisal the Bank will assess this aspect and ensure that the EIA complies with the requirements of Directive 97/11/EC for Annex I projects.

    The project will be awarded through a restricted tender procedure, which is in line with the EIB Guide to Procurement and the requirements of Directive 2004/17/EC (if applicable) for this type of works.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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