Israel Electric Corporation (IEC) has decided to freeze the development of two thermal power plants in Ashkelon and Alon Tavor that would have been jointly owned with French utility EDF (51% in the project). The companies had signed two Memoranda of Understanding (MoUs) in December 2012 and in November 2013, for a 1,500 MW dual fuel (coal- and gas-fired) power project in Ashkelon (Project Rutenberg D) and for a smaller project in Alon Tavor. IEC would have built and operated the project, while EDF would have provided the necessary funding. However, the Yogev Committee, that was set up to issue recommendations to solve the problems of the Israeli electricity market and to cut state-owned IEC's debt (ILS 73bn, i.e. US$19.5bn), recommended not to allow IEC to bring strategic partners into power projects. Based on the committee advise, IEC will own and develop the Ashkelon power project on its own. The company was also recommended to sell the land for the Alon Tavor project to private entities or to the government to cut its debt.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.