Metito proposes plan to build Egypt’s first floating desalination plant
Water treatment company Metito wants to build floating desalination plants in Egypt, Al Borsa quoted Managing Director of Metito Africa Karim Madwar as saying. The Emirati company is currently in talks with the Housing Ministry and has submitted its proposal, he added.
There are no project specs as of yet: The plant’s capacity and its cost will be decided if Metito’s proposal is approved, Madwar said. The company plans to approach multilateral lenders including the Japan International Cooperation Agency and the European Bank for Reconstruction and Development for funding, he added.
Metito has expertise in this area: Metito is designing and building three floating desalination plants for Saudi Arabia for around USD 202.6 mn.
And it has experience in Egypt: Metito has worked with Orascom Construction and Hassan Allam Construction on several local wastewater treatment and desalination plants, including the USD 130 mn East Port Said seawater desalination plant it delivered with OC last year. All three companies were last year awarded a contract to construct the El Hamam agricultural wastewater plant, which they claim is the largest of its kind in the world.
IN CONTEXT- This is part of the Sisi administration’s USD 50 bn water strategy: Egypt’s sovereign wealth fund issued tenders for private companies to build 17 solar-powered desalination plants in October, as part of a USD 2.5 bn plan to quadruple our desalination capacity in the next five years as the government focuses on water security.