Veolia Environment Israel will be organized into four units: water, environmental quality services, energy, and public transports (Connex Israel). A company executive said that the company's work force would expand from the current 1,700 to 8,000 by 2013.
He added that Veolia plans to invest in the construction and running of natural gas-driven power stations, land decontamination and water purification facilities, light railways, privatized water and sewage systems, and other environmental projects.
"Veolia Environment Israel has a current turnover of NIS 1 billion, which it plans to increase to NIS 5 billion in 2010-13. Veolia believes in Israeli technological know-how, and is seriously examining the adoption of these technologies for its own use for renewable energy, water and other projects," according to the executive.
Veolia Environment Israel and Israel Electric Corporation (IEC) recently signed a cooperation agreement to jointly bid in the Israel Railways $300 million electrification tender. Veolia will also build a hot water supply system for the Ashdod desalination facility and run it for 23 years.
The company will invest in natural gas-driven power stations, land decontamination facilities, light railways, privatized water and sewage systems.