• Won order from Victoria, Australia, to build 150 million-ton capacity desalination plant
• Joined consortium led by leading water company Suez Environment (jointly invested with Korean Teachers’ Credit Union, Korea Development Bank, Korea Life Insurance)
• Established basis to enter the water industry

Samsung C&T Corporation’s Trading and Investment Group will participate in a project to build and operate one of the world’s largest seawater desalination plants in the Australian state of Victoria.

On July 30, Victoria selected the AquaSure consortium led by Suez Environment, the France-based world’s largest water company, and participated by Samsung C&T as the winning bidder for the construction of a USD 3 billion desalination plant. The consortium’s Korean participants include the Korean Teachers’ Credit Union, Korea Development Bank, Korea Life Insurance, and Samsung C&T which jointly invested USD 140 million.

he Australian state initiated the project as a measure to prevent shortages in drinking water due to climate change and population growth, with plans to complete construction by 2011 in the area of Wonthaggi located south of Melbourne. The AquaSure consortium will operate the plant, which will have an annual production capacity of 150 million tons of desalinated water, for 27 years.

Meanwhile, Samsung C&T has designated energy and environment as its future key industries and is actively participating in New and Renewable Energy (NRE) projects such as photovoltaic, wind, and bio-energy projects. The company plans to make use of its participation in the Victorian desalination project as an opportunity to strengthen its capabilities in the water industry.

Meanwhile, the other participants of the AquaSure consortium include Suez Environment, Degremont SA, Thiese Pty Ltd., which is Australia`s largest civil engineers company, and global investment firm Macquarie among others.

* Inquiries: Samsung C&T Corporate PR Team 02-2145-2136, 2144