December 15, 2009 / 11:22 AM / 10 years ago

SDL to build, run Israel's biggest desalination plant

JERUSALEM, Dec 15 (Reuters) - SDL Desalination Ltd has won a government tender competition to build Israel’s largest desalination plant, its parent company said on Tuesday.

SDL will build the desalination plant in central Israel and will produce some 150 cubic metres of water each year, conglomerate Delek Group DELKG.TA said in a statement.

SDL is 51 percent held by IDE Technologies and 49 percent by Hutchison Water, a unit of Hong Kong group Hutchison Whampoa 0013.HK with offices in Israel.

Delek owns 50 percent of IDE, with the other half owned by fertiliser maker Israel Chemicals (ICL.TA).

Israel is in the process of building a number of plants to desalinate water from the Mediterranean Sea as poor rainful in recent years has led to a drought.

The Ministry of Infrastructure awarded the build-operate-transfer (BOT) contract to SDL, which will run the plant at Sorek near the central Israeli city of Rishon Lezion for 25 years before handing it back to the government.

Shares in Delek were up 1.4 percent at 709.90 shekels in early afternoon trade in a flat broader Tel Aviv market. ($1=3.78 shekels) (Reporting by Joseph Nasr; Editing by Greg Mahlich)

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