05.07.2009

A figure which represents the profitability of a project. It shows this by calculating the total of future cash inflows from a project, less cash outflows, inflation, and/or a required rate of return. It is generally accepted that if the Net Present Value of a project is positive, then it should be carried forward, whereas if it is negative, then it should not

it is that portion of reservoir rock which will produce commercial quantities of hydrocarbon

The net movement in proved reserves during the year includes extensions, discoveries and reclassifications, additions and disposals and revisions to previous estimates. Included within these movements is the net effect of changes in year end prices

The sum of the amount of electricity produced by means of Israel Electric’s production units and the amount of electricity purchased from other electricity producers by Israel Electric. The amount is measured at the entrance to the production plant before the electricity is channeled to the ultra high and very high voltage lines.

The power output that can be continuously sold to the purchasing entity and to be distinguished from the gross installed generation capacity of a plant

As per the electricity regulations: the net capacity of the facility as measured at its connection points with the transmission system or the distribution system that the producer provides to the supplier or to the distribution licensee according to the method of selling available capacity and energy