Hydranautics, Indian Harbor Insurance

Clearwater, FL: (Apr-17-07) Tampa Bay Water filed a lawsuit against Hydranautics, the manufacturer of membranes that remove salt from sea water at the plant, two engineering companies and an insurance carrier over a troubled desalination plant. The suit stemmed from the plant that opened in 2003 but never functioned properly. Though the plant produced drinking water when it opened in 2003, the delicate membranes that filter salt clogged too quickly, shortening their life span and driving up costs. The plant was shut down in June 2005 for $48 million in repairs that are not yet finished. Tampa Bay Water sought to collect from a $14 million insurance policy written by Indian Harbor Insurance. Hydranautics also carried a $24 million performance bond. The suit filed in 2004 reached a settlement when Indian Harbor agreed to pay the full cost of the claim bringing the payout to $7.9 million. [TBO NEWS: DESALINATION PLANT]

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Published on Apr-17-07