FLC 1.23% 8.0¢ fluence corporation limited

Not sure of the relevance of this but a Kuwati loan of $50...

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    Not sure of the relevance of this but a Kuwati loan of $50 million to Egypt for the construction of 4 desalination plants producing 56,000 M3/day is interesting.
    Relatively small plants and drawing a very long bow just could be in the sweet spot of Fluence with their Nirobox technology, almost certainly the proposed plants seem to be too small to be suitable for EPC plants.. There is a large amount of desalination proposed in Egypt and Fluence through their IWSI joint venture are right there.
    This Arab state loan to Egypt for desalination is just a small part of a huge amount of money a number of Arab states have lent at interest rates of 1% to 1.5% p.a.

    "The project includes the construction of four seawater desalination plants, including a production capacity of about 30,000 cubic meters per day in the city ofSharm el-Sheikh, a production capacity of 15,000 cubic meters per day in the city of Abu Redis and a production capacity of 6,000 cubic meters per day In the city of Nabq (Sharm El Sheikh), and a production capacity of 5 thousand cubic meters per day in the city of Taba. The project also includes the transfer of desalinated water from the stations to the distribution tanks located in the mentioned cities with a total length of about 38 km and diameters between 600 and 800 mm. the project is expected to be completed by the end of 2022."

    https://smartwatermagazine.com/news/kuwait-fund/four-desalination-plants-be-built-egypt-financing-kuwait-fund

 
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