HICL : HICL buys more of desalination plant
HICL Infrastructure has acquired another 3.4% of the Victorian Desalination PPP Project taking their interest to c9.3%. They have paid A$46m for the additional stake.
The Project was procured under the State of Victoria’s Partnerships Victoria Policy and is the largest desalination plant in the southern hemisphere capable of producing 444ML of drinking water per day (150GL/year). The Project reached financial close in September 2009 and became fully operational in December 2012.