Desalination Plant: BOT Projects in the field of desalination is one of the new growing fields in Israel. The country is in a long period draught causing a water crises. Construction of desalination plants was marked by the Israeli government as the solution.
10 years after Israel decided to implement the Ashdod desalination plant project, the financial closure was completed - December 6 2011.
This means that Mekorot - the SPC, will start building the facilities. The plant is expected to provide about 100 million cubic meters a year. Scope of the project investment is approximately 1.5 billion - 80% are financed by Bank Hapoalim and the European Investment Bank EIB and 20% with a share capital of Mekorot Development.