Fisia’s orders reach US $1.5 billion

Italian desalination firm Fisia Italimpianti has been awarded a contract for the multi-stage flashing (MSF) seawater desalination plant M3 in Jebel Ali by the Dubai Electricity and Water Authority (DEWA), taking its orders to US $1.5 billion since the beginning of the year.

The M3 contract, worth US $247 million, follows two orders from the same client for the M1 and M2 stations. The three facilities will have a combined capacity of 640 million litres per day.

Fisia was also recently awarded a contract to build a US $457 million desalination plant at Ras Abu Fontas A1 in Qatar, which is due to be completed in 2009.

The Qatar General Electricity and Water Corporation (Kahramaa) has signed a deal with the Qatar Electricity and Water Company (QEWC) to buy 45 million gallons of desalinated water a day from the plant for a period of 25 years.

Fisia, a subsidiary of the Impregilo group, is experiencing record growth in 2007. The US $1.5 billion figure for this year compares to an annual average of US $250 million from 2002 to 2006.

Print | Email | Discuss this article |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM