Abengoa and Shikun & Binui have won a bid tendered by the Israeli government to build an 110MW CSP plant with storage capability in the Negev desert.
Negev Energy, a joint company created by Abengoa and Shikun & Binui, will build, own and operate the CSP plant, which will feed electricity to the Israel Electricity Corporation under a 25-year power purchase agreement. The PPA and final project finance deals have yet to be signed.
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The power plant will use Abengoa’s trough technology, which will also enable part of the thermal energy to be stored in molten salt thermal tanks, providing additional dispatchable electricity that is expected to avoid 300,000 tons of CO2 emissions per annum.
Construction is expected to start in 2014.
