Blue Green CEO Amir Levy: Israel has 50 million cubic meters of untapped polluted water in the coastal plain alone, which can be treated.
“Israel has 50 million cubic meters of untapped polluted water in the coastal plain alone, which can be treated, thereby saving local authorities a great deal of money, as well as helping raise money for the construction of desalination plants,” says Blue Green CEO Amir Levy.
Blue Green Investment and Development Ltd. is a water treatment and renewable energy subsidiary of Housing and Construction Holding Co. Ltd. (Shikun u'Binui) (TASE: HUCN), controlled by Shari Arison through Arison Holdings Ltd.. Last week, Blue Green won a Ra’anana municipality tender to purify water at two contaminated wells using reverse osmosis technology based on active carbon. The wells will produce 20 million cubic meters of drinking water over ten years, at a total cost of NIS 12 million.
Levy said that the cost of desalinated water was NIS 3 per cubic meter, whereas the cost of purified well water was NIS 1.20-1.50 per cubic meter. This will lead to substantial savings for both the economy and local authorities because purified wells will provide high-quality water without the need to build large energy-guzzling desalination plants, which also take up large expanses of expensive beachfront real estate.
Published by Globes [online], Israel business news - www.globes.co.il - on October 29, 2007
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