SAN FRANCISCO — Poseidon Resources is seeking a $530 million private-activity bond cap allocation from the California Debt Limit Allocation Committee this month in a bid to build the West Coast’s first large-scale desalination plant.

The Carlsbad Desalination Project would provide 50 million gallons of water a day, enough for 300,000 people, from the Pacific Ocean to nine San Diego County water agencies and decrease the region’s dependence on imported water.

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