share_log

Cadiz Secures Water Purchase Agreements For 85% Capacity Of "Northern Pipeline"

Benzinga ·  Aug 15 20:46

umulative total acre-feet per year under contract for delivery via the Northern Pipeline to 21,275 acre-feet per year.

Under the five water supply agreements signed so far this year, the Project is expected to deliver an annual supply of water under "take-or-pay" contracts over 40 – 50 years. The Northern Pipeline, which stretches approximately 220-miles northwest from Cadiz, California through San Bernardino and Kern Counties, has a total capacity of 25,000 AFY and is capable of serving remote desert and Inland Empire communities that currently rely upon imported water from Northern California through the California State Water Project.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment