The desalination engineering company exercised its first refusal rights in the plant and will now own all of it.

With Israel’s water problems currently making headlines, desalination company IDE Technologies is strengthening its grip on the water desalination sector, announcing the exercise of its first refusal rights to acquire the holdings of Hong Kong-based Hutchison Water, its partner in the Sorek desalination plant franchise (49%) for NIS 195 million before adjustments, sources inform “Globes.”