Negev Energy - Ashalim Thermo-Solar Ltd. is the concessionaire of a 120 MW parabolic truf thermo-solar project developed under a B.O.T tender published by the State of Israel in Ashalim "Plot A".
The facility is expected to have a total production capacity of approximately 120 MWp (one of the largest of its kind worldwide), and the electricity generated therein shall be sold in its entirety to the Electricity Company under an agreement for 25 years from the commencement of operation.
The electricity generated in the facility will use a thermo-solar technology, which primarily concentrates the solar radiation for the production of thermal (heat) energy and converts it into electricity using conventional means (steam turbines), with minimal use of natural gas solely for reinforcement/backup purposes, while generating clean electricity, and minimizing the emission of pollutants into the air.
The project is anticipated to significantly contribute to economic development and employment in the Negev, and hundreds of employees shall be employed during the 3 years of the project’s construction, and dozens of employees during the entire course of the facility’s lifespan.
The project has been financed by a group of local and foreign lenders such as the US Overseas Private Investment Corporation (OPIC), the European Investment Bank (EIB), Israel's Bank Leumi and Bank Hapoalim.
The facility, which is currently under construction, is expected to be erected by 2018. Partners are Shikun & Binui Ltd. and the Spanish TSK Group.
Status: on-going investment
