Spanish Joint Venture to Save Energy for 60,000 m3/day (15.9 MGD) Desalination Project
September 03 2008 - 8:00AM
Business Wire
Energy Recovery, Inc. (�ERI�) (NASDAQ:ERII), a global leader of
ultra-high-efficiency energy recovery products and technology for
desalination, announces that the Spanish joint venture of FCC /
AQUALIA / BEFESA group of companies awarded the contract for energy
recovery equipment for its Bajo Almanzora seawater desalination
project to ERI. The plant will supply 60,000 m3/day (15.9 MGD) of
fresh water to the region. The design, build and operate seawater
desalination project was awarded to the partnership of FCC/AQUALIA
and BEFESA in August 2007 by Acuamed, the Spanish governmental
water authority. Spanish companies have played a leadership role in
designing and building desalination plants world-wide. The plant is
located in the province of Almeria, Andalucia region, along the
southeastern border of Spain. It is currently under construction
and is scheduled to produce water in 2009. The Bajo Almanzora
seawater desalination plant will supply water to one of the warmest
provinces in the country where the level of rainfall is one of the
lowest in Europe, with much of the area containing semi-arid and
desert-like landscapes. ERI PX� technology was specified for the
project. ERI will supply 50 PX-220 energy recovery devices to
operate in the first-stage of the reverse osmosis process. It is
estimated that this technology will save the project over 5
mega-watts of high-pressure pump power. Last year, Befesa and ERI
teamed to provide and energy recovery solution to India�s largest
desalination plant located in Chennai. ERI�s Vice President, of the
Mega Projects Division stated, �As with all our projects, we feel
very satisfied when our customers build desalination plants that
consider energy recovery as a key component of the overall
solution.� About ERI� Energy Recovery, Inc. (ERI) is a leading
manufacturer of energy recovery devices which help make
desalination affordable by significantly reducing energy
consumption. ERI�s PX Pressure Exchanger� (PX�) device is a rotary
positive displacement pump that recovers energy from the high
pressure reject stream of SWRO systems at up to 98% efficiency with
no downtime or scheduled maintenance. The company has research,
development and manufacturing facilities in the San Francisco
technology corridor and direct sales offices and technical support
centers in key desalination hubs such as Madrid, UAE, Shanghai and
Florida. ERI service representatives are based in Algeria,
Australia, China, India, Korea, Mexico, Taiwan and the Caribbean.
As the demand for clean, potable water increases, ERI is poised to
face the global challenges ahead. For more information on ERI and
PX technology, please visit our web site at www.energyrecovery.com.
Note on Forward Looking Statements This press release includes
�forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such forward-looking
statements include statements regarding the timing of plant
construction, availability of financing for new desalination plant
construction, and the timing of obtaining various government
approvals. Because such forward-looking statements involve risks
and uncertainties, the Company's actual results may differ
materially from those projected in such forward-looking statements.
Factors that could cause actual results to differ materially
include, but are not limited to, cyclical nature of seawater
reverse osmosis plants, delays or postponements in the construction
of desalination plants, the ability of our customers to obtain
other key components of a plant, delays in governmental approvals,
changes in customers� budgets for desalination plans and the timing
of their purchasing decision, and other risks detailed in the
Company's filings with the Securities and Exchange Commission
(SEC). All forward-looking statements are made as of today, and the
Company assumes no obligation to update such statements. For more
details relating to the risks and uncertainties that could differ
materially from those anticipated in our forward-looking
statements, please refer to the Company's SEC filings, including
its Form 424(b)4 Prospectus filed on July 2, 2008, and in
particular, the risk factor sections of such filings.
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