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TunisiaIsraël: European Investment Bank supports one of the largest desalination projects worldwide
The European Investment Bank, the EU’s long-term financing institution, has signed a €150 million finance contract with the company SMS IDE Ltd targeting the design, financing, construction and operation of a seawater desalination plant using reverse osmosis technology in Sorek, Israel.
With a capacity of 200 million m3 per annum, Sorek II will become one of the largest desalination plants in the world. The project marks a milestone in the desalination industry with cutting edge technology to improve energy consumption and carbon emissions.
The project is in line with the objectives of the Neighbouring Financing Facility (NFF) 2014-2020 and EU/Israel Action Plan. By financing this project, the EU underlines its commitment to regional and international co-operation, complementing other EIB water sector projects in the region.
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