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Energy Recovery Wins Spain Desalination Plant Retrofit Contract

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July 24 (Bloomberg) -- Energy Recovery Inc., a clean-technology provider for the water, oil and gas industries, won a contract to retrofit Cadagua SA’s desalination plant in southern Spain. No terms were disclosed.

The award is to upgrade and increase energy efficiences of the Valdelentisco plant in Murcia, which has a potable and irrigated water production capacity of 140,000 cubic meters a day, one of the largest desalination plants in Europe, the San Leandro, California-based company said yesterday in a statement.

The shares of the company, whose technology cuts energy expenses, have surged 91 percent the past year.

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

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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