Waste/Recycling/Environmental - Ashalim, N/A, IL
Megalim Solar Power LTD is a B.O.T. concession company owned by Noy Fund (49.9%), BrightSource (25.05%), and GE Renewable Energy (25.05%) .The company has won the tender by the State of Israel for the construction, planning, financing and operation of a solar-thermal power plant in Ashalim (Plot B) with a rating of 121 MW and expected to supply 320 GWh of electricity annually into Israel's grid.Megalim's Ashalim Plot B power facilty is part of a solar complex which will include a second solar-thermal staiton with a capicity of 121 MW and a 35 MW Solar PV plant.The Ashalim solar complex is an important element of Israel's Commitment to produce 10% of its electricity from renewable sources by 2020, rising to 17% by 2030. When completed, the Megalim power facility will supply renewable electric power equivalent to the needs of about 120,000 household under a 25-year Power Purchase Agreement with the State of Israel.