This is the fourth plan approved for a pumped storage power station.
The National Infrastructures Committee at the Ministry of Interior has approved plans for a pumped storage power station at Maaleh Gilboa. The plan will now be sent to the regional planning and building commission for comments and to hear any objections from the public.
This is the fourth plan approved for a pumped storage power station, after the plans for these power stations on Mount Carmel, Kochav Hayarden, and Menara. The 300-megawatt Maaleh Gilboa pumped storage power station will be built on the eastern slope of Mount Gilboa by PSP, a joint venture of Ortam Sahar Ltd. (TASE:ORTM) and Electra Ltd. (TASE: ELTR) (38% each), and Ra'anan Alony (ARZ Electricity).
Published by Globes [online], Israel business news - www.globes-online.com - on May 5, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010