TRENDS Industrial and Almar Water Solutions signed a Memorandum of Understanding (MoU) to collaborate on the development of solar powered desalination project for the Atacama region in Chile: ENAPAC. Almar has become an equity investor in the project and the MoU specifies a further Joint Development Agreement for the complition of ENAPAC, one of the largest solar powered desalination project in the world, which requeries a base 500 millions USD investment.
Rodrigo Silva, TRENDS Industrial’s CEO, and Carlos Cosín, Almar Water Solutions CEO, sealed the agreement committing to seek the economic and technical concretion of the project, through the strategic partnership of both companies.
About the MoU, Rodrigo Silva stated “comes to consolidate the work of several years in which we have developed a Sustainable project from the socio-environmental point of view, as well as from the economic perspective for the advantages of the Multiclient model of ENAPAC, in which economies of scale are taken advantage of, reduces the impact on the territory and improves efficiency, as we have been seeing in large-scale mining projects in Chile, which have opted for collaboration“.
On the relevance of the signed agreement, Carlos Cosín assured that “this alliance consolidates Almar’s interest in developing innovative and state-of-the-art technology projects combining desalination with solar energy, while at the same time sealing our commitment to the long-term success of the ENAPAC project, particularly with its potential clients to whom we can ensure the reliability of the water supply, which is so urgently needed in Atacama and for which we hope that ENAPAC will help alleviate, in part, the severe water scarcity in the region”.
The ENAPAC project is part of the list managed by the Office of Management of Sustainable Projects of the Chilean government Ministry of Economy and, therefore, both executives visited today the Chilean Economy Minister, José Ramón Valente, and his team to present the state of progress of the project and the credentials of the companies that will develop the initiative.