Advanced Electricity Companies
The private electricity vision is becoming a reality. The discovery of natural gas reserves in the Mediterranean Sea opens a historical economic opportunity for Israel and is the driving force behind the reform in the electricity production sector.
Edeltech Group, incorporated in 1989 as an entrepreneurial company in the infrastructures and energy sectors, has adapted itself to the spirit of change and is currently leading the electricity market into the new age through the development and setting up of private power plants which operate through natural and green gas and the provision of operation and maintenance services to power plants.
The momentum in this field began after the discovery of natural gas reserves in the Mediterranean Basin, which resulted in significant economic advantage to using natural gas as a substitute for expensive and polluting fuels such as fuel oil and diesel oil.
This process enjoys the support and encouragement of the Israeli Government due to the desire to integrate private electricity producers who will serve as a competitive factor in the market.
Plants owned by the Group:
In 2014 the largest and most advanced private power plant in Israel was launched, with an investment of about $1.3 billion. The plant is operated through natural gas which is fed into 12 of the world’s most advanced gas turbines, at a production scope of 860 MW.
The electricity is supplied at reduced production rates to a variety of leading companies in the Israeli market, including: the Ministry of Defense, Mekorot, Osem, Israel Aerospace Industries, Dan Hotels, Fattal Hotels chain, Isrotel, Gazit Globe, Keter Plastic, Strauss, banks, industrial companies, many kibbutzim and more.
The financing of the plant was enabled through a group of financers led by Bank HaPoalim, including the largest banks and institutional bodies in Israel.
New energy of change to the Neot Hovav Industries, through Ramat Negev Energy.The plant has been built on the premises of the Adama Makhteshim plant with an investment of about $200 million, and it supplier of the energy needs of the plant at lower costs than the rate currently paid for both electricity and steam.
The power plant will is being fueled through natural gas at a production scope of 120 MW electricity and up to 110 ton/hour steam. Electricity and steam surpluses are being sold to close consumers at Neot Hovav and to the IEC. Among the Company’s electricity consumers are Teva, Cellcom and others.
The project is financed by a financers’ consortium led by Bank Leumi. The launch of commercial operation of the power plant was on December 2015.
Ashdod Energy Plant is another advanced project of Edeltech Group which turns the private electricity vision into a reality and tailors electrical supply to consumer’s personal needs. The power plant has been built adjacently to the plants of Adama Agan in Ashdod, with an investment of about $100 million.
The plant has a production capacity of about 55 MW electricity and about 40 ton/hour steam and it will supply all of the energy needs of Adama Agan plant, at reduced rates. Electricity surpluses are being supplied to close consumers at the area and to the IEC.
The project is financed by a financers’ consortium led by Bank Leumi. The launch of the power plant’s commercial operation was on December 2015.
Solad Energy generates new electricity in Ashdod. The plant will be built adjacently to the Solbar Protein Foods Ltd. plant in the City, at an estimated investment of about $125 million.
The plant is at a production scope of about 77 MW electricity and 30 ton/hour steam and it will supply all of the electricity and steam needs of the CHS plant at lower costs than the current rates. The electricity surpluses will be sold to close consumers in Ashdod and to the IEC.
The launch of the power plant’s commercial operation is scheduled for 2018.
Tamar intends to bring a new spirit of change to the Negev and to supply it with low-cost, environmentally friendly and advanced electricity. The plant will be built adjacently to the Haifa Chemicals plant at Mishor Rotem, at an estimated investment of $250 million. The advanced plant is at a production scope of about 140 MW electricity and 100 ton/hour steam. The plant will supply all of the electricity and steam needs of Haifa Chemicals plant at lower costs than the rates currently paid, both for electricity and for steam.
The power plant will have the ability to provide response to steam and electricity needs for future plants planned to be set up at Mishor Rotem. Electricity surpluses will be sold to private consumers and to the IEC.
Due to the extensive experience and knowledge that it had accumulated in the field, which have significant value for the private electricity market, Edeltech Group incorporated a subsidiary which specializes in the operation and maintenance of power plants.
The operation and maintenance activity are carried out for the power plants set up by the Group and at the same time, the service is offered also for other power plants and industrial companies in the market.
Edeltech Group intends to establish a new branch focusing on renewable energy projects. Initially, the Company will focus on the establishment of solar facilities that will be connected to the transmission and distribution grid, net meter facilities, etc. To this end, the Company has prepared appropriate land reserves that will allow it to set up solar fields and meet the requirements of the Electricity Authority. This activity will be divided into local activity, such that at the sites where renewable energy facilities are built, it will be possible to store the electricity for later use, and activity of the Group which will allow the diversion of energy from hours of low demand and low electricity prices, to peak hours with high electricity prices.
The Company will later examine involvement in the development and construction of electricity production projects using wind turbines in various regions in Israel, where the economic merit of such projects is proven.