LOC16:29
13:29 GMT
ALGIERS, July 8 (KUNA) -- The Algerian ministry of energy and mineralogy
announced Tuesday it had signed a contract with the Singaporan industrial
group Heflox to build one of the largest water desalination plants in the
world in the provinve of Wahran, west of here.
The plant will produce up to 500,000 cubic meters of desalinated water
daily and is estimated to cost when built at least USD 468 million.
According to the terms of the contract, the ministry of energy will
purchase desalinated water from the Singaporan company building the plant at a
cost of USD 0.55 for the cubic meter. In effect the company will build the
plant and sell its product to the ministry of energy.
When completed and operational, the plant will meet the water needs for at
leat five million people, making it one of the largest projects of its kind.
The Singaporan comany will finance 30 percent of the project whereas the
rest will be financed by a consortium of Algeian banks. (end)
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