Fluence doing deals with IWSI in Egypt as per recent announcement
Melbourne, New York 20 March, 2019Fluence Corporation Limited (ASX: FLC) is pleased to announce that a partnership formed between its Egyptian joint venture The International Co. for Water Services & Infrastructure (IWSI) and Hassan Allam EPC has been awarded an EPC contract of US$74 million to design and construct a 40,000 m3/day seawater desalination plant, with infrastructure designed and built for a future capacity expansion to 80,000 m3/day. In this custom engineered solution, through IWSI, Fluence will act as the technology provider, designing the process and supplying the pretreatment, reverse osmosis skids, post-treatment equipment and the start-up and commissioning of the plant for a total contract share of US$20 million. Hassan Allam EPC will provide the local works including the marine design and execution of the intake and outfall
FLC Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
