IDE Technologies

IDE Technologies secured a bid to commission a water reuse installation for the Cherokee Metropolitan District, using MAXH2O-PFRO technology, the largest such installation to date for IDE.

IDE Technologies was awarded the EPC contract by Aguas Pacífico SpA for the Aconcagua Desalination Plant in Quintero, Valparaíso Region, Chile, with a capacity of 86,400 m3/day.

IDE Technologies won the BOT tender for the Sorek B seawater reverse osmosis desalination plant in Israel, a 200 million m³/year facility, with a water price of 1.45 NIS/m³ (~$0.41).

VA Tech WABAG Ltd inaugurated a 45 million litres per day tertiary treatment reverse osmosis plant at Koyambedu, Chennai, built at a cost of ₹486.21 crore. The plant will treat sewage to drinking water standards for industrial reuse, with a provision to expand to 60 MLD.

IDE Technologies acquired a 49% stake in Shoruk Desalination Ltd., which operates the Shoruk desalination plant with a capacity of 150 million cubic meters per year, from Hutchison Water International. The acquisition was completed in September 2018, giving IDE 100% ownership of Shoruk Desalination.

Fortissimo Capital signed a memorandum of understanding to acquire 30% of IDE Technologies Ltd. from Delek Group, valuing IDE at $412 million. Fortissimo will pay Delek for 60% of a subsidiary holding the stake.

IDE Technologies acquired the remaining 49 percent holdings in the Sorek desalination plant from Hutchison Water for NIS195 million (US$54.3 million), becoming the sole owner.