S.M.S. IDE Ltd.

Sorek B Desalination Plant - Project Financing

Borrower (s)
S.M.S. IDE Ltd.
Industry
Infrastructure/Desalination plant
Area of finance
Project & Infrastructure Finance
Country
Israel

Deal Overview

Israeli water developer IDE Technologies has signed a debt package for the €500 million ($560.1 million) Sorek B desalination plant with 2 DFIs and one local commercial bank. IDE Technologies signed the project agreements on 29 May (2020) with an Israeli inter-ministerial tender committee....

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Israeli water developer IDE Technologies has signed a debt package for the €500 million ($560.1 million) Sorek B desalination plant with 2 DFIs and one local commercial bank. IDE Technologies signed the project agreements on 29 May (2020) with an Israeli inter-ministerial tender committee. Sorek B will have a capacity of 550,000 cubic metres per day (m3pd), which would increase Israel's desalination production capacity to 35% of the country's water needs


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Deal Volume
$ 805.92m
Financial Close
16 June 2020
Sources
TXF article, Submitted by participant(s)

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Tranches

Projects

Sorek B Desalination Plant

Greenfield
Desalination plant
Israel
$ 1.5bn