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Fluence reaches financial close for Mexican seawater desalination project

CTBR Staff Writer Published 03 April 2018

Water treatment solutions provider Fluence has reached financial closing for the $48m seawater desalination plant near San Quintin, Mexico.

The project has been awarded by Comisión Estatal del Agua de Baja California (CEA), the State Water Commission of Baja California, to provide water for the town of San Quintin, Mexico.

Fluence has arranged a debt financing that covers 75% of the project cost from the North American Development Bank (NADB). The remaining equity investment will be provided by Fluence along with its local partners.

For this project, Fluence will build and operate a 5.8 million gallon/day (about 22,000 m3/day) of seawater desalination plant.

The company and its local partners have created a special purpose vehicle, which will sell the produced water to the area of San Quintin for the next 30 years, following which ownership of the plant will be transferred to the customer.

Upon completion, the San Quintin plant will have a capacity to serve more than 100,000 residents in Baja California.

Fluence expects to begin the construction of the plant in the third quarter of this year, subject to resolution of the local legislation appeal process.

Fluence says that the new plant can be fully operational from the 20 months of the starting the project.

Fluence managing director and CEO Henry Charrabé said: “The San Quintin water desalination plant project is important for a number of reasons.

“It supports Fluence’s projected revenue for 2018, reaffirms the Company’s position as a project finance partner for our clients, and increases our recurring revenue base that will underpin future growth. We are targeting additional Build Own Operate Transfer projects later this year.”

Operating in over 70 countries worldwide, Fluence offers an integrated range of services across the complete water cycle. The company has operations in North America, South America, the Middle East and Europe.