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Leighton Holdings Limited (ASX:LEI) is a step closer to finishing its Victorian desalination project, with the project expected to reach completion by the end of this year.
As of last Friday the plant reached 20 consecutive days of operating at full capacity, requiring only a further 10 consecutive days to satisfy reliability testing standards.
If the plant should encounter operational delays now, having crossed the 20 day threshold, it will only need to complete another 10 days of operation and not reset for the entire 30.
The successful finalisation of the heavily delayed plant is of acute importance to Leighton, having lost $800 million on the troubled project.
Leighton last week announced the project had received ‘commercial acceptance’ for the fully operating plant.
Leighton Holdings recorded a net profit of $106 million in the 2012 financial year.
