05.07.2009

A 360 MW IEC power station that worked on diesel oil and was linked up to natural gas on the 23rd February 2009. The station started generating with natural gas as of June 2009 at which time it started the commissioning period. By November 2009, the site 3 CCGT generation units each of 330 MW, were liked up and started to use natural gas, so that the station will be generating 1,000 MW with natural gas, which will bring Israel’s installed electricity generation capacity with natural gas to 40%, which is considerably higher than the average in OECD countries where natural gas represents about 15-20%. Thus Hagit joins the Eshkol, Reading and Gezer power stations that already generate

The main owner of the company is Clal Industries that holds 38% of the Hadera Paper Mills. Recently the company has decided to take steps to increase its revenues by decreasing its energy expenses, by moving from the use of fuel oil to natural gas. The company has constructed a cogeneration natural gas fired power station on its Hadera site. YT and Hadera Paper Mills – on 29.7.2005 an agreement was signed with HPM with supply starting in August 2007 and to conclude 5 years after first gas flowed or after 0.43 bcm has been supplied but not later than 1.7.2011. Price of the gas is based on discounted price to the price of fuel oil and includes a ceiling and floor price. The total value of the contract (100%) is about $40 million.

Defines the period of time for which the rights given in the granting clause will extend. The habendum clause provides for a primary term which is a fixed term of years during which the lessee has the right, without any obligation, to operate on the premises. It also describes a secondary term as the extended period of time for which rights are granted to the lessee once production is obtained

H2ID Ltd. is the consortium that owns the Hadera desalination plant situated by the Orot Rabin power station in Hadera that has a license to produce 127 million cubic meters per year, with a franchise valid until May 2027. The price for the water production is NIS 2.60 per cubic meter. H2ID is owned in equal shares by Arison Holdings Ltd. subsidiary Shikun u’Binui Holdings Ltd. (Housing and Construction) and IDE Technologies Ltd. a joint venture owned in equal shares by Delek Group Ltd. and Israel Chemicals. In order to best comprehend the quantity, the average annual home consumption per capita in an urban area is about 100 cubic meters per year, so that 100 million cm per year equals the yearly water consumption of a million citizens, or about 1/6 of the population of Israel

Sedimentary rock

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