05.07.2009

Delek Infrastructure is held 100% indirectly by Delek Group. Delek Group fully owns the Independent Power Production (IPP) plant that services the Ashkelon water desalination facility (controlled 50% by IDE Tech.), which is sourced with natural gas from the Yam Tethys reserve. The Combined Cycle cogeneration power plant with a capacity of around 87 MW, provides a majority of its capacity to the desalination plant and the rest is sold to private customers and/or the Israel Electricity Company. Delek Infrastructure also holds 57% of IPP Ramat Gabriel Ltd. and IPP Alon Tabor Ltd. IPP Ramat Gabriel Ltd is developing a cogeneration Power Station to provide approximately 50 MW of electricity and steam to the factories in the Industrial Area of Ramat Gabriel. IPP Alon Tavor Ltd. is also developing a cogeneration Power Station to provide approximately 50 MW of electricity and steam to the factories in the Industrial Area of Alon Tavor (Northern Israel). Delek Infrastructure also holds 51% of Genrent Participation S/A, a holding company investing in power generation projects in Brazil and is in the process of building additional independent power plants in Israel for private clients. Genrent Participation owns 70% of the Brentech Company who owns the Goyania ii Emergency Diesel Generators Power Station in Brazil with a capacity of around 140 MW. In April 2009, Delek Infrastructure (57%) with partners Sigma-Epsilon (43%) owned by Dr. Eli Barnea and Moshe Lasri and Edi Energy owned by former Delek Infrastructure CEO Koby Katz, received a license from the MNI to set up another 60 MW cogeneration plant in Migdal Ha’Emek. In July 2009, The heads of Delek Group its subsidiary Delek Infrastructure Ltd. and Tnuva signed an agreement to build and operate a private CCGT power plant, which will provide electricity and steam for Tnuva’s factory in Alon Tavor. Delek unit IPP Delek Alon Tavor will build a 55 megawatt cogeneration power plant for Tnuva’s Alon Tavor dairy. The plant will buy gas from Delek Energy. The agreement sets out that the operating period will be 27 years from the date that financial arrangements have been agreed, and not later than April 2011. Construction of the power plant is expected to be completed by the end of 2012 at an estimated cost of construction for Delek Group to be $63 million.

Gina Cohen
Natural Gas Expert
Phone:
972-54-4203480
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