Release date: 15 February 2010
Promoter – Financial Intermediary
Private sector special purpose company
Location
Description
A seawater reverse osmosis desalination plant, including an open seawater intake and a sea outfall for brine disposal.
Objectives
The objective of the project is to produce at least 150 million m3 of potable water per year.
Sector(s)
Proposed EIB finance (Approximate amount)
Indicative amount: up to EUR 150 million
Total cost (Approximate amount)
Indicative amount: project cost has been currently estimated to be in the range of EUR 450 million including contingencies and interest during construction.
Environmental aspects
Though not particularly mentioned in Annex 1 of EIA Directive 97/11/EC SWRO desalination plants require a full EIA. In the absence of an international BAT standard for desalination projects best professional judgment adopting the definitions of BAT and BEP as introduced by the European IPPC Directive (Directive 2008/1/EC), the Land-Based Sources (LBS) Protocol of the Mediterranean Action Plan, and applicable Israeli regulations will be applied.
Procurement
The concession to build and operate a 150 million m3/year was internationally tendered and awarded to a private sector special purpose company. Pending a positive review of the evaluation report this procedure follows international practices and is acceptable to the Bank.
Status
Signed - 26/05/2011
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).