e.g. a defective bearing in the steam turbine
A water-based air cooling system, before it is compressed into the turbine’s combustion engine, bringing about higher efficiency and increasing the station’s capacity
Overnight cost is an estimate of the cost at which a power plant could be constructed assuming that the entire process from planning through completion cold be accomplished in a single day. This concept is useful to avoid any impact of financing issues and assumptions on estimated costs. Once one has overnight costs, a complete modeling should explicitly take account of the time required to bring each generation technology online and the costs of financing construction in the period before a plant becomes operational.
When one does the economics based on overnight costs, in order to properly compare the different technologies, it is worthwhile taking a generic facility of a specific size and configuration and assuming a location without unusual constraints or infrastructure needs.
It is also important to use common boundaries for costing, as using different practices regarding the inclusion or exclusion of various components of costs can have a large impact on overall cost estimates.
Controlled by real-estate entrepreneur Ehud Ben Shach and Accountant Nissan Caspi also an energy entrepreneur and a senior financial advisor in the field of energy and infrastructure.
The profile of assets of the Global Power is based on a range of projects in the private electricity generation sector which Caspi has been putting together these past few years. At the head of the list is the project to set up an IPP by IPM in Beer Tuvia, which is supposed to be a 413 MW CCGT for $400 million. In this project, Shikun Ve’Binui holds 60% and the IPM group which includes Eco Capital (15%), Epstein Engineering of Dr. Yoav Sarne, the PS partnership of Adv. Yehuda Rave and Hagi Marom and the US Power Company from Chicago. This project is still at the statutory stages and has been delayed this past two years because of opposition from the local citizens.
Another project that could be conceptualized soon is that of the IPP at the Silica plant which is a cogeneration plant of 115 MW out of which 15 MW would be used by the Silica factory and 90 tons of steam to be used by Silicat as well. The IPP is to be constructed at an investment of $150 million by a consortium in which Eco holds 25% with partners from NASPAR of Assi Shelgi and Eyal Daisy (25%) and the owners of the Silicat plant the DSI company (50%).
On 26th May 2011, IC CEO Nir Gilad said: Our gas consumption is divided into three: Israel Chemicals, Oil Refineries and the power station that we’re going to build. Israel Chemicals and Oil Refineries are covered, and the first natural gas-driven power station will come online in early 2013, so it can be said that Israel Corp’s gas consumption is covered for 18 months, part at normal prices, and part at spot prices.”
