Noy Fund, TSK Group to build Ashalim thermo-solar power plant in Israel

WCN Editorial Team 29 Apr 2016 MIDDLE EAST ENERGY & UTILITIES

Israel-based construction firm Shikun & Binui has selected the Noy Fund and the TSK Group to build the Ashalim thermo-solar power plant in Israel.

 
Noy Fund and the TSK Group will replace Abengoa as constructors of the solar power plant. However, Abengoa will continue to serve as one of the project's sub-contractors in a limited capacity.

The plant is expected to generate 110MW of power that will be sold to the Israel Electric Company under a 25-year deal, beginning once the plant becomes operational.

Some of the world’s most advanced technologies will be used in the power plant, including an energy storage facility that will enable electricity production to continue uninterruptedly, even during cloudy days and at night time.

During the construction phase, the project will employ hundreds of engineers, technicians, construction workers and service providers.

The project, estimated to cost $1.1bn, will continue to move forward in line with its original timetable with completion expected in 2018.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2021 GlobalData. All rights reserved.