28 June 2005
Water for North Africa?
This looks promising: General Electric will partner with an Algerian energy company to build a major water desalination plant. The plant, which will cost about $270 million, will provide 53 million gallons of potable water per day from the Mediterranean Sea, enough to serve one-quarter of Algiers' three million residents.
GE entered the desalination business three years ago, and acquired major player Ionics Inc. in 2004 for $1.1 billion; the company sees a $5 billion market growing at 15 percent annually.
The largest such plant in the US, which opened in Tampa in 2003, ran into difficulties early on and is operating only intermittently while system upgrades are performed. GE, with more resources at its disposal than the firms who collaborated on the Tampa project, perhaps can be expected to have fewer problems with the Algiers facility, which could open in 2007.
(Via Matt Rosenberg.)Posted at 1:43 PM to Entirely Too Cool , Family Joules