PRIVATE EQUITY HOLDINGS
Water Desalination Plants
Demetra participates in a consortium with Logicom Public Ltd and Israeli company Mekorot Development and Enterprise Ltd. The consortium won two tenders issued by the Government of Cyprus, for two separate Desalination Projects in Cyprus. These include the Design, Build, Operation and Maintenance of a desalination plant in Limassol district and the Renovation and Operation of an existing desalination plant in Larnaca.
The Limassol Desalination Plant, a 20-year Build Operate Transfer (BOT) project for the Government of Cyprus, is a €55M investment. It has an initial production capacity of 40,000m³ per day, with provisional infrastructure in place to increase production capacity to 60,000m³ per day in the future. The modern, state-of-the-art plant was constructed in the Episkopi area of Limassol. Its official inauguration was held at the end of 2013, in the presence of the President of Cyprus as well as other highly esteemed guests. The plant is now fully operational, having effectively passed all its delivery tests, and is set to secure the potable water supply requirements for the Limassol district for the foreseeable future.
The Larnaca plant is a 25-year BOT project for the Government of Cyprus, and a €24M investment. The scope of the project involved the renovation and upgrading of an existing desalination plant, which in full operation produces drinking water of 60,000m³ per day.
Demetra holds a 20% stake in the consortium, which constitutes Demetra as the 3rd largest shareholder.