IDE to build desalination plant in Australia -paper

Sun Dec 30, 2007 9:15am GMT
 
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JERUSALEM, Dec 30 (Reuters) - Israel Desalination Enterprises Technologies (IDE) won a tender to build a desalination plant worth more than $100 million in western Australia, Israeli financial daily TheMarker reported on Sunday.

IDE, jointly owned by Israel Chemicals (ICL.TA) and the Delek Group (DELKG.TA), will build a plant capable of producing 50 million cubic metres of water annually as part of an iron-mining project in Pilbarra, the paper said.

IDE officials declined to comment.

The company in November postponed a planned initial public offering in London as a result of prevailing global market conditions. It had aimed to raise up to $200 million in global depositary shares. (Reporting by Sergio Tjong-Alvares; editing by Sue Thomas)

 

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