Canadian energy giant mulls Negev project

The 250-MW solar power station will produce 2.5% of Israel's electricity needs.

Sources inform ''Globes'' that Canadian renewable energy company SkyPower Corporation may participate in the tender for the solar energy power station to be built at Ashelim in the Negev. The $600-700 million tender is due to be published by the end of the month.

A SkyPower delegation recently visited Israel and held preliminary talks about cooperation with some of the Israeli companies planning to bid in the tender. SkyPower also asked for full information about the project from the Ministry of Finance, the Ministry of National Infrastructures, and the Ministry of Environmental Protection.

SkyPower is one of Canada's largest renewable energy companies. It specializes in the development, construction, and management of wind farms and solar energy power stations. The company is currently involved in 70 renewable energy projects in various stages of development, with aggregate capacity of 7,000 megawatts (MW). Most of the projects are in Canada and the US.

The BOT (build, operate, transfer) tender is for a 250-MW solar power station that will produce 2.5% of Israel's electricity needs. Companies expressing an interest in the tender include Solel Solar Systems Ltd., Israel Corp. (TASE: ILCO) unit IC Green Energy Ltd., Housing and Construction Holding Co. Ltd. (Shikun u'Binui) (TASE: HUCN), and Australia's Babcock & Brown Capital Ltd. (ASX: BNB).

Published by Globes [online], Israel business news - www.globes-online.com - on February 14, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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