Fluence commences construction on San Quintin project

By Andrew Woods
Fluence Corporation Limited has started initial construction on the desalination plant in San Quintin, Baja California, Mexico.This project, as previous...

Fluence Corporation Limited has started initial construction on the desalination plant in San Quintin, Baja California, Mexico.This project, as previously disclosed, is designed to supply 5.8 million gallons/day of potable water to the San Quintin region.

Fluence will recognise revenue over the 20-month expected term of the project, starting in the third quarter of 2018, as well as an estimated $10million of recurring billings for 30 years after the plant begins operating.

This ‘milestone project’ for customer Comisión Estatal del Agua De Baja California (CEA), the State Water Commission of Baja California, is the first non-recourse project funding arranged by Fluence.

Fluence will build and operate the seawater desalination plant through a Special Purpose Vehicle (SPV) owned by Fluence and its local partners. The SPV will produce water for the San Quintin area for the next 30 years, after which ownership and operation of the plant will be transferred to CEA.

See also…

Work begins on Kuwaiti mega railway

China’s Sinomach to construct 410km railway in western Iran

Mombasa-Nairobi Gauge Railway Project: All you need to know

Fluence Managing Director & CEO Henry Charrabé said: “We are pleased to reach this important milestone and commence construction on the San Quintin Project. This project showcases the exceptional project execution abilities of Fluence’s expert team. Reaching commencement now allows Fluence to start recognising significant revenue linked to the project, for which we have already incurred engineering and management costs. We look forward to delivering urgently needed fresh water to the San Quintin region by 2021.”

 

Share

Featured Articles

How to lead a successful EDI migration process

Software developer Comarch, which has over 20 years of experience in data management, shares tips on the potentially challenging EDI migration process

Changing EDI provider & how to find the right one

How to find the right EDI provider for your business

Tinamu drone automation revolutionises inventory management

Swiss firm Tinamu transform building material inventory management with Automation and Drone Technology and redefine stockpile volume measurement

COBOD's BOD2 3D printer used to build a school in Ukraine

Construction Projects

All you need to know about Saudi real estate developer ROSHN

Construction Projects

Arcadis signs collaboration with Canadian start-up Niricson

EPC