17.05.2010

The PUA granted a self generation license to an IPP established by Mashav Development for a scope of 48 MW. The IPP was constructed with private financing by a partnership of Clal Industries and Investments and the international entity CRH on land belonging to the Nesher Cement plant in Ramle. The plant operates on natural gas. The generation license was granted for 20 years. The plant was completed at the end of 2009 at an investment of 150 million shekels and includes a gas turbine of the type LMS 600 of GE. In 2007 Mashav signed a gSA with EMG to buy 0.9 bcm of gas over 15 years at a total value of $106-125 million

By mid 2010, private electricity generation in Israel currently stands at about 520 MW

Gina Cohen
Natural Gas Expert
Phone:
972-54-4203480
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