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Israel Corp unit signs $340m Chinese energy deal

29 Oct, 2013 16:33
שלח תגובה במיילNadav Neuman

HelioFocus will build a 200-megawatt solar boosting system for coal-fired power stations for Chinese company Taiqing.

Israel Corporation (TASE: ILCO) unit HelioFocus Ltd. has signed a memorandum of understanding deal with Chinese energy company Taiqing to build a 200-megawatt solar boosting system for coal-fired power stations in Inner Mongolia for $340 million. The project is scheduled to begin in 2015.

HelioFocus is a subsidiary of IC Green Energy Ltd. and China's Zhejiang Sanhua Co. Ltd. (Shenzhen: 2050). It will supply the technology and serve as the project contractor, after previously completing several solar energy booster projects in Inner Mongolia.

Published by Globes [online], Israel business news - www.globes-online.com - on October 29, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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