Turkey and Israel Cooperate on Energy

Zorlu Energy to Build Power Plant in Israel

By Zaman, Ankara
Saturday, October 28, 2006
zaman.com

 Turkey’s Zorlu Energy has signed a contract with Israel’s Dorad Energy, becoming a 25 percent shareholder of an 800-megawatt combined cycle power plant project.

According to a statement sent by the company to the stock market, Zorlu Energy signed a shared purchase agreement with Eilat Ashkelon Infrastructure Services Ltd., Edelcom Ltd., and U. Dori Engineering Works Corporation Ltd. for the project to be built in Israel.

The project’s turnkey construction works will be conducted by Zorlu Industrial and Power Plants Construction.

Zorlu O&M Energy will be responsible for the maintenance of the facilities under a 20-year agreement.

The power plant, which will be designed for the co-generation of natural gas, will be built in the Ashdod region of southern Israel. The plant is scheduled to open in 24 months.

Source: http://www.zaman.com/?bl=economy&alt=&trh=20061029…

This entry was posted in Business and Commerce, Middle East Report. Bookmark the permalink.