Connecting Waterpeople

Israel: EIB supports one of the largest desalination projects worldwide

  • Israel: EIB supports one of the largest desalination projects worldwide
    Image: IDE Technologies
  • New loan of EUR 150m to support the development of the Sorek II desalination plant in Israel.

  • The project will support water supply infrastructure in one of the world's most water-stressed regions.

  • The plant will meet the growing domestic demand while increasing the availability of reused water for agriculture.

About the entity

European Investment Bank
The EIB is the European Union's bank. We are the only bank owned by and representing the interests of the European Union Member States. We work closely with other EU institutions to implement EU policy.
ACCIONA

The European Investment Bank, the EU’s long-term financing institution, has signed a EUR 150 million finance contract with the company SMS IDE Ltd targeting the design, financing, construction and operation of a seawater desalination plant using reverse osmosis technology in Sorek, Israel.

With a capacity of 200 million m3 per annum, Sorek II will become one of the largest desalination plants in the world. The project marks a milestone in the desalination industry with cutting edge technology to improve energy consumption and carbon emissions.

Through the financing of this project, the EU bank supports a high priority water supply infrastructure in one of the world's most water-stressed regions. It will allow meeting growing domestic demand while increasing regional water transfers. It will positively affect people’s daily lives in the region by improving water quality delivered to consumers. It will also increase the availability of reused water for agricultural users, thus fostering the switch away from freshwater usage and facilitating sustainable replenishment of aquifers

The project is line with the objectives of the Neighbouring Financing Facility (NFF) 2014-2020 and EU/Israel Action Plan. By financing this project, the EU underlines its commitment to regional and international co-operation, complementing other EIB water sector projects in the region.

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