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Israel leading the way with renewable energy.

Posted by marks robert on 21/04/2019

Israel’s largest renewable energy project and one of the largest and most complex in the world, has completed the construction stage and is starting to operate commercially. From tomorrow, Negev Energy’s thermal power plant at Ashalim will supply clean electricity to the national grid.
Negev Energy received all the necessary approvals, including a permanent license for the generation of electricity from the Israel Electric Corporation, and it will begin tomorrow at the commercial operation stage of the nearby solar thermal power plant To Ashalim in the Negev.
Negev Energy (50%), the Noy infrastructure fund (40%) and the Spanish company TSK (10%) won the Accountant General’s tender and in 2013 entered into a franchise agreement for planning The construction, operation and maintenance of a 110 megawatt solar thermal power station for 25 years, providing clean electricity to the national grid in a quantity that will meet the needs of about 70,000 households.
The station is spread over an area of ​​4,000 dunams (once and a quarter of Givatayim). It is made up of about 16,000 parabolic troughs and the brushes of a million concave mirrors, which convert solar energy into steam used to produce electricity. The Negev Energy Power Plant has installed a unique system for storing thermal energy based on molten salt, which enables the station to operate an additional 4.5 hours per day during the dark hours at full capacity, thus achieving extremely high levels of efficiency and efficiency.
The investment in the construction of the station is estimated at $ 1 billion. Hundreds of workers, subcontractors and suppliers, mostly residents of the south and the Negev, were employed in its establishment.
Tamir Cohen, Chairman of Shikun & Binui: “We are proud of the completion of another mega-project and a breakthrough. This is Shikun & Binui’s strategy – to build and build mega-projects of national significance in Israel and around the world. ”
Moshe Lahmani, CEO of Shikun & Binui: “Once again, the Shikun & Binui Group is a leader and partner in the revolutions that promote Israel. Today, we are leading the renewable energy market to Israel, where private franchisees have produced electricity of such commercial scope. This is also another time in which Shikun & Binui is spreading the Negev.
Didi Paz, CEO of Negev Energy and Chief Operating Officer (COO) of Shikun & Binui: “Negev Energy and the project owners have demonstrated exceptional ability today with the completion of one of the most challenging projects in Israel in terms of technological engineering and finance. This project is an excellent example of successful cooperation between the private sector and the public sector. ”

Report supplied by the “Israel Financial Insider”

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