My new Forbes column “Water Firm Enlivens IPO Market” is yet another story on ERI, the water desalination technology company. The stock is up almost 50% in a week of trading.
By removing salt from seawater, GE’s newest desalination plant in Algiers will supply enough drinking water to serve 25% of the country’s capital population. GE has joined the Algerian Government, the Overseas Private Investment Corporation (OPIC) and the Algerian Energy Company (AEC), in announcing plans to build Hamma Water Desalination SpA (Hamma) – Africa’s largest