South Orange County Economic Coalition Newsletter: Poseidon Wins Support from Senator Barbara Boxer2/25/2015 The South Orange County Economic report is a unique economic research report that focuses specifically on the cities and planned communities within the South County Region that contribute over $25.6 billion to the Orange County economy.
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FOR IMMEDIATE RELEASE Contact: Tatiana Halsted (707) 631-8906 download a pdf.
Brown urges diversifying water options, including desalination, in State of the State address SACRAMENTO, CA – In response to Governor Jerry Brown’s State of the State address, Poseidon Water issued the following statement in support of the Governor’s call for desalination. In his address, Governor Brown emphasizes there is no single solution to the state’s water problems and references the framework for success laid out in Proposition I (The Water Bond) and the more recent California Water Action Plan, and specifically called for more desalination in California. FOR IMMEDIATE RELEASE Contact Jessica Jones 760-655-3900 download a pdf
Carlsbad, CA – Poseidon Water (“Poseidon”) has announced that IDE Technologies (“IDE”) has selected Protec Arisawa (“Protec”) and Dow Water & Process Solutions (“Dow”) to provide the pressure vessels and reverse osmosis membranes for the Carlsbad Desalination Project. Both key elements of the desalination process, the membranes act as the filter that separates salt and other impurities from water molecules to create clean and fresh drinking water, and the pressure vessels house these membranes. FOR IMMEDIATE RELEASE Contact Brooke Joller 858-248-1959 download a pdf
Project on Track to Deliver up to 50 Million Gallons of Water per Day by Early 2016 Carlsbad, CA – City leaders, San Diego County Water Authority board officers, IDE Technologies, NRG Energy and Poseidon Water executives visited the Carlsbad Desalination Project today to mark the first anniversary of construction on the Western Hemisphere’s largest seawater desalination plant, which is more than 25 percent complete. SAN DIEGO - The ground breaking Carlsbad Desalination Project, under development in North Coastal San Diego County by Poseidon Water, was recently honored as a 2013 Bond Buyer Deal of the Year Finalist. "The Carlsbad Desalination Project is an excellent example of how complicated, yet critical, projects can succeed when innovative financing approaches are explored," said Andrew Kingman, Poseidon Water Chief Financial Officer. "Poseidon is honored to be recognized by a distinguished leader in the municipal bond industry, and we look forward to presenting our latest project to the California Coastal Commission this week." Read the full article online at prnewswire.com.
By Deborah Sullivan Brennan
As Poseidon Resources launches construction of the largest desalination plant in the Western Hemisphere, it’s relying on technology incubated in the San Diego area decades ago. The nearly $1 billion project in Carlsbad will transform about 50 million gallons of seawater into drinking water each day, and promises to meet 7 to 10 percent of San Diego’s water needs. Project will bring purified seawater to county-wide system
By Phil Diehl SAN MARCOS — Construction is under way in North County on a pipeline that will help distribute the region’s first significant source of drought-proof local water. Workers began digging a pit this week along Rancho Santa Fe Road in San Marcos, marking the beginning of the 10-mile-long, 4½-foot-diameter pipeline that will cross three cities. Project Finance magazine cites Water Authority’s role and credit were key to successMarch 8, 2013 - The Carlsbad Desalination Project was honored Thursday in New York as the “North American Water Deal of the Year” for 2012 by Project Finance, an international trade publication that annually highlights major industry accomplishments around the world.
Carlsbad Desalination Project
Infrastructure Investor Magazine has given it's North American Infrastructure Deal of the Year award to Poseidon Water for the Claude "Bud" Lewis Carlsbad Desalination Plant.
"The $733.56 million issue of bonds for Poseidon Resources’ Carlsbad reverse osmosis desalination project took ten years to come to market. But it could serve as a useful template for applying PPP structures to water assets, particularly in ocean water desalination.The project, located in Carlsbad, California, had a long gestation because of the highly public nature of the project and what it will produce. Poseidon ultimately came to work with the San Diego County Water Authority, whose role as offtaker was the key to bringing the deal to close. Poseidon will own the plant, which will sell output to the water authority under a 30-year water purchase agreement (WPA), and the agency will own an associated pipeline, though the sponsor will be responsible for building it." CARLSBAD, Calif. — On a calm day, a steady rain just about masks the sound of Pacific Ocean water being drawn into the intake valve from Agua Hedionda Lagoon. Listen hard, and a faint sucking sound emerges from the concrete openings, like a distant straw pulling liquid from a cup.
At the moment, the seawater is being diverted from the ocean to cool an aging natural-gas power plant. But in three years, if all goes as planned, the saltwater pulled in at that entryway will emerge as part of the regional water supply after treatment in what the project’s developers call the newest and largest seawater desalination plant in the Western Hemisphere. |
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