Huntington Beach Desalination Project will provide largest source of new water for Orange County
From an Orange County Water District Press Release:
Today, the Orange County Water District Board of Directors voted 9-1 to enter into formal negotiations with Poseidon Water to secure the single largest source of new water in Orange County – 56,000 acre-feet annually of water from the proposed seawater desalination project in Huntington Beach.
“Today’s vote is a critical step towards a drought proof water supply for Orange County,” said Scott Maloni, Vice President of Poseidon Water. “We look forward to these formal discussions with OCWD and developing a public-private partnership that ensures the benefits of this project are shared throughout Orange County.”
The decision to enter into negotiations with Poseidon for the purchase of the Huntington Beach Desalination Project’s full 56,000 acre feet per year capacity comes after Orange County Water District completed an eighteen month financial due diligence process. The District’s independent financial consultant, Clean Energy Capital, evaluated the proposed Huntington Beach project and issued a final report substantiating Poseidon’s project cost estimates and identifying myriads of additional public-private partnership scenarios that could lower the cost of financing and construction of the project.
Poseidon’s Huntington Beach Desalination Project is awaiting discretionary permit approval from the California Coastal Commission to proceed with construction. A hearing before the Coastal Commission is anticipated later this year and commencement of construction is expected in 2016.
Poseidon’s landmark 50 million-gallon per day seawater desalination project in Carlsbad, CA is scheduled to be in operation early fall 2015. Once completed, it will be the largest, most technologically advanced, energy efficient and environmentally responsible seawater desalination project in the Western Hemisphere.
Poseidon Water specializes in the development, financing, operation and management of water infrastructure projects in an environmentally sensitive manner, with a focus on seawater desalination and water treatment plants. These projects are implemented through innovative public-private partnerships in which private enterprise assumes the developmental and financial risks. For more information on Poseidon Water and the Huntington Beach desalination facility, visit our website at http://HBfreshwater.com or PoseidonWater.com
What Others Are Saying…
“After fifteen years in the works the time is now for Orange County to make the Huntington Beach Desalination Project a reality and I believe that OCWD is the water agency best positioned to do just that.” – Assemblyman Donald Wagner, 68th District, State of California
“The opportunity for OCWD to enter a public-private partnership with Poseidon that would add enough water to meet the demands of 8 percent of Orange County makes far too much sense for the district’s board to do anything other than support negotiations on a water purchase agreement.” – Orange County Register Editorial, 01/07/15
“The facility will provide a new source of drinking water, tax revenue and jobs for the City of Huntington Beach.” – Jerry Wheeler, President / CEO, Huntington Beach Chamber of Commerce
“The project would reduce our dependence on costly imported water.” – Lacy Kelly, Chief Executive Officer, Association of California Cities – Orange County
“It is imperative that longs term planning to diversify and bolster our local water supply continue…We support the advancement of the Poseidon project as part of Orange County’s plans for local water supply.” – Mike Balsamo, Chief Executive Officer, Building Industry Association of Orange County
“This project would not only create more than 3,000 construction, maintenance, and operational jobs for a skilled labor workforce but it would also result in local economic growth.” – Ernesto Medrano, Council Representative, LA/OC Building and Construction Trades Council
“This particular project would not only provide a reliable water supply but it would also complement the past achievements of OCWD and other local agencies in your relentless pursuit of a diversified water portfolio.” – Ronald L. Davis, Executive Director, CalDesal
“Despite our regional achievements in water conservation and other measures that have maximized our existing water supply sources, new water will one day be needed to support new economic growth.” – Lou Penrose, Executive Director, Apartment Association of Orange County
So now that you have read the hype, what do you think?