Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Abengoa Starts Operations at Desalination Plant in China

Jan. 30 (Bloomberg) -- Abengoa SA, the Spanish company that’s developed desalination plants from Algeria to India, said it’s started commercial operations making salt water potable at the Qingdao facility in China.

The plant at the second-largest port in northern China in Shandong province will produce 100,000 cubic meters of drinking water a day from seawater, enough to supply the needs of a half-million people, Abengoa said today in a statement.

Abengoa began building the plant in 2010 and will operate and maintain it for 25 years. During this time, the company is forecasting revenue of at least 750 million euros ($1 billion) from the sale of water and a further 25 million euros from technical support operations, according to the statement.

The project, the first desalination one of its type carried out using a project-finance structure entirely financed by local Chinese banks, required a total investment of 135 million euros, according to the statement.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.