Ann: Fluence Achieves Financial Close for Ivory Coast Project, page-90

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Fluence’s largest project reaches financial close
Fluence Corporation has completed financial close on the €165 million Lagune Aghien water treatment plant in Côte d’Ivoire, potentially paving the way for the company to achieve an EBITDA-positive quarter in Q4 2019.
The project is funded via a sovereign loan from the Israel Discount Bank to the Government of Côte d’Ivoire, supported by export credit insurance from the Israeli Export Credit Agency ASHRA.
The ASX-listed company is now ready to start construction of the 150,000m³/d surface WTP, and could also end up operating the facility, subject to approval from the water ministry. The plant will employ a multi-barrier approach to treat algae-contaminated water from Lagune Aghien, and will feature a smart intake to continuously monitor feedwater parameters.
The financial milestone allows Fluence to recognise immediately €18 million of revenue for work it has already carried out, which may yet count towards its 2019 financial numbers.

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