Saturday, February 21, 2009

Arison plans private solar thermal power plant in Negev

Arison Holdings Ltd. subsidiary Housing and Construction Holding Co. Ltd. (Shikun u'Binui) plans to build a large solar power plant in the Negev, costing $400-500 million, according to a report in "Globes".

The solar thermal power plant would reportedly generate at least 100 megawatts of electricity on a 3,500-dunam (875-acre) site. If constructed, it will be Israel's largest privately owned solar power station.

Shikun u'Binui is also participating in two government tenders for the construction of solar thermal and photovoltaic power plants at Ashalim in the Negev. Shikun u'Binui is partnering with Solel and Bateman Litwin NV in the tender for the solar thermal power plant, and partnering with Spain's Elecnor SA in the tender for the photovoltaic power plant.

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