Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

News

San Quintin Project Commences Construction

gbafNews28

Fluence Corporation Limited (ASX: FLC) is pleased to announce that construction has commenced on the desalination plant in San Quintin, Baja California, Mexico.

This project, as previously disclosed, is designed to supply 5.8 million gallons/day (approximately 22,000 m3/day) of potable water to the San Quintin region. Fluence will recognise revenue over the 20-month expected term of the project, starting in the third quarter of 2018, as well as an estimated US$10 million of recurring billings for 30 years after the plant begins operating.

This milestone project for customer Comisi³n Estatal del Agua De Baja California (CEA), the State Water Commission of Baja California, is the first non-recourse project funding arranged by Fluence. Fluence will build and operate the seawater desalination plant through a Special Purpose Vehicle (SPV) owned by Fluence and its local partners. The SPV will produce water for the San Quintin area for the next 30 years, after which ownership and operation of the plant will be transferred to CEA.

Fluence Managing Director & CEO Henry Charrab said: We are pleased to reach this important milestone and commence construction on the San Quintin Project. This project showcases the exceptional project execution abilities of Fluences expert team. Reaching commencement now allows Fluence to start recognising significant revenue linked to the project, for which we have already incurred engineering and management costs. We look forward to delivering urgently needed fresh water to the San Quintin region by 2021.

About Fluence Corporation Limited (ASX: FLC)

Fluence has experience operating in over 70 countries worldwide and employs more than 300 highly trained water professionals around the globe. The Company provides local, sustainable treatment and reuse solutions, while empowering businesses and communities worldwide to make the most of their water resources.

Fluence offers an integrated range of services across the complete water cycle, from early stage evaluation, through design and delivery to ongoing support and optimization of water related assets. With established operations in North America, South America, the Middle East and Europe, Fluence is also expanding into Chinas rural wastewater treatment market.

Global consultancy Frost and Sullivan awarded Fluence Corporation 2018 Global Decentralized Water and Wastewater Treatment Company of the Year, noting in their award dissertation:

While typical decentralized water treatment systems are relatively expensive, complicated, and inefficient, Fluence Corporation leverages innovative and smart technology solutions backed by decades of industrial know-how to excel in water and wastewater treatment solutions. Fluences excellence becomes apparent through its success, as the company continues to expand its existing offerings as well as partnerships with other prominent companies in the industry. With its easy to use, sustainable, smart and cost-effective solutions as well as a remarkable year of growth, innovation, and leadership, Fluence Corporation earns Frost & Sullivans 2018 Global Company of the Year Award in the decentralized water and wastewater treatment industry.

Further information can be found at https://www.fluencecorp.com/.

Corporate:
Fluence Corporation Limited
Henry Charrabé,
+1 212-572-3766
Managing Director & CEO
hcharrabe@fluencecorp.com
or
Richard
Irving (USA), +1 408-382-9790
Executive Chairman
rirving@fluencecorp.com
or
Ross
Kennedy (Australia), +61 409 524 442
Company Secretary & Advisor to
the Board
rkennedy@fluencecorp.com
or
Investors
(Australia):

Market Eye
Ronn Bechler, +61 400 009 774
ronn.bechler@marketeye.com.au
or
Media
(Australia):

Market Eye
Tristan Everett, +61 403 789 096
tristan.everett@marketeye.com.au
or
Investors
& media (USA):

The Blueshirt Group
Gary Dvorchak, CFA,
+1 323 240 5796 (US)
+86 138 1079 1480 (China)
gary@blueshirtgroup.com

Advertisement
Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Recommended

Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved.