WATER: Desalination financing gets extension Poseidon says funding should be in place before end of June
By: Bradley J. Fikes
CARLSBAD ---- Months after preliminary construction began on its desalination plant, Poseidon Resources Corp. said it expects to borrow the money necessary to complete the project before the end of June.
Stamford, Conn.-based Poseidon says it expects to get the plant operating by the original projected date, the end of 2012. Located next to the Encina Power Station, the plant will have the capacity to make 50 million gallons of drinking water a day, 9 percent of San Diego County's consumption.
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