SEVILLE, Spain, Nov. 19, 2012 /PRNewswire/ -- Abengoa, the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, has begun construction of the Nungua desalination plant in Ghana, the first in western Africa.
The desalination plant, which will require an investment of US$ 125 million, will have the capacity to produce 60,000 m 3/day using reverse osmosis technology. Abengoa will be responsible for the design and construction of the plant, as well as its subsequent maintenance and operation for a 25 year period. Revenues from water sales are forecast to exceed US$ 1,300 million during this time.
The work is expected to take 24 months and will create some 400 direct and indirect jobs.
The plant, which has been welcomed by Ghanaian authorities and local people, will enable drinking water to be supplied to more than 500,000 residents in the towns of Teshie, Nungua and Tema, improving their quality of life.Accra, the capital of Nungua, with nearly three million inhabitants, currently struggles to meet the demand for water from its more remote towns and villages. In a country with a rapidly growing population, only 50% of the 800,000 m 3/day of water currently required to cover the needs of the population can be supplied. The Ghanaian authorities have therefore prioritized water supply projects and private investment within the country's Economic Recovery Program, which was launched in the 1980s to revitalize its economy. This project will increase Abengoa's installed water desalination capacity to nearly 1,200,000 m 3/day, sufficient to supply drinking water to more than 7.6 million people. Its technology contributes to resolving the serious lack of drinking water in numerous countries around the world, encouraging their global development. Abengoa is consolidating its position as a world leader in the water sector and has already developed desalination plants in Algeria, Ghana, India, China and Spain. About Abengoa Abengoa (MCE: ABG) is an international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water and recycling industrial waste. ( www.abengoa.com) Communications Department: Patricia Malo de Molina Melendez Tel: +34 954 93 71 11 E-mail: firstname.lastname@example.org Anisha Shah Weber Shandwick for Abengoa Tel: +1 212-445-8342 E-mail: email@example.com Investor Relations: Barbara Zubiria FurestTel: +34 954 937 111E-mail: firstname.lastname@example.org SOURCE Abengoa
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV