After twelve years of planning and over six years in the state’s permitting process, the Carlsbad Desalination Project has received final approvals from every required regulatory and permitting agency in the state, including the California Coastal Commission, State Lands Commission and Regional Water Quality Control Board. A 30-year Water Purchase Agreement is in place between the San Diego County Water Authority (SDCWA) and Poseidon for the entire output of the plant. Construction on the plant and pipeline is under way and the Project will be delivering water to the businesses and residents in San Diego County by 2016.

Poseidon specializes in developing and financing water infrastructure projects, primarily seawater desalination and water treatment plants. Poseidon’s projects are implemented through innovative public-private partnerships that link private financing with the construction and operation of water supply and treatment projects.


News

  • Carlsbad Desalination Project Wins ‘North American Water Deal of the Year’

    March 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. Read More

  • In California, What Price Water?

    CARLSBAD, Calif. — The San Diego County Water Authority has agreed to buy at least 48,000 acre-feet of water from the plant each year for about $2,000 an acre-foot. An acre-foot equals about 326,000 gallons, roughly enough for two families of four for a year. The authority has made a long-term bet that those costs — now double those of the most readily available alternative — will eventually be competitive. But it still means the authority will pay more than $3 billion over 30 years for only about 7 percent of the county’s water needs. Read More

  • With Financing Complete, Poseidon Inks Deals for Construction, Operation of Carlsbad Desal

    SAN DIEGO - Poseidon Water has closed the $922 million financing and secured all funding needed to build the Carlsbad Desalination Project, capping a decade-long development effort to create the largest seawater-desalination plant in the Western Hemisphere. Read more.

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