05.07.2009

The Israeli Electricity Sector Law 1996 encourages competition in the country’s electricity sector, inter alia, by the establishment of small and medium size power stations financed and constructed by private entrepreneurs

The additional cost of producing and/or transmitting electric energy above some previously determined base cost. The cost of the next kilowatt-hour of generated energy, also referred to in the industry as the next unit. Incremental costs change as production increases or decreases, but these changes don’t always occur in a predictable pattern. As an example, incremental costs typically decrease as production rises to comfortable capacity. But once that limit is reached, incremental costs increase because additional costs (construction of new facilities, costs of stressing production facilities, etc.) need to be factored into the cost of the next unit

A leading global source of critical information and insight for customers in a broad range of industries. IHS’s customer product and service solutions span four major areas of information: energy, product lifecycle management, environmental and security

Owned 100% by Israel Corp, ICG is the corporation’s alternative energy venture arm, actively searching for high-growth renewable energy opportunities primarily in the solar power and biofuels sectors.

A well developed process that forces a chemical-laden solution deep into the rock, allowing natural gas to be released. The technique is being used inter alia to exploit the Marcellus Shale, one of America’s biggest natural gas formations

Natural gas is made up of a large number of discrete components from hydrogen to complex long chain hydrocarbons. Each component will have its own particular dew point. The hydrocarbon dew point is the temperature (at a given pressure) at which the hydrocarbon components of any hydrocarbon-rich gas mixture, such as natural gas, will start to condense out of the gaseous phase. The hydrocarbon dew point is a function of the gas composition as well as the pressure. The hydrocarbon dew point is universally used in the natural gas industry as an important quality parameter, stipulated in contractual specifications and enforced throughout the natural gas supply chain, from producers through processing, transmission and distribution companies to final end users. The hydrocarbon dew point is analyzed by a hydrocarbon dew point analyzer

Inferred reserves is the difference between proved reserves in known fields and the remaining recoverable resources in known fields

A gas turbine is a heat engine that uses high-temperature, high-pressure gas as the working fluid. Part of the heat supplied by the gas is converted directly into mechanical work. High-temperature, high-pressure gas rushes out of the combustor and pushes against the turbine blades, causing them to rotate. In most cases, hot gas is produced by burning a fuel in air. This is why gas turbines are often referred to as “combustion” turbines. Because gas turbines are compact, lightweight, quick-starting, and simple to operate, they are used widely in industry, universities and colleges, hospitals, and commercial buildings. Simple-cycle gas turbines convert a portion of input energy from the fuel to electricity and use the remaining energy to produce heat, which is normally rejected to the atmosphere. However, this waste heat can be used to create steam to power a separate turbine. The attached steam turbine can generate electricity or power a mechanical load. This is referred to as combined-cycle combustion because two processes or cycles are derived from one fuel input to the primary turbine. > >Simple-cycle (i.e. without external use of exhaust heat) efficiencies range from 21% to 40%. However, turbines produce high-quality heat that can generate steam for combined-cycle or cooling, heating, and power applications and enhance efficiency. These systems capture and use the heat produced in the combustion process for steam, hot water, or thermally activated equipment such as absorption chillers. Taking advantage of the normally wasted heat means a tremendous gain in efficiency—nearly 90% in some cases. > >

A consumer of energy for purposes of industry, usually manufacturing. An energy-consuming sector that consists of all facilities and equipment used for producing, processing, or assembling goods. This is one of three standard classifications for customers of commercial energy along with residential and commercial customers

ICA is an Israeli Government entity, operating within the Ministry of Industry, Trade and Labor. It coordinates and monitors industrial and commercial cooperation activities following Government, Government-owned companies, public institutes and other State entities procurement. ICA is authorized to supervise the enforcement of the “Mandatory Tenders Regulations.