Middle East Economic Survey

VOL. XLVII

No 23

07-June-2004

ISRAEL

Turkeys Zorlu Signs $400Mn Power Plant Deal With Israels Dorad

Turkeys Zorlu Enerji signed with Israels Dorad Energies in Ankara on 25 May a deal pertaining to the construction of three gas-fired power stations in Israel worth $400mn. According to the agreement, Zorlu will build a 770mw plant at the Eilat-Ashkelon pipeline site in Ashkelon, which will commence operations in 2007 and be the first and largest privately-owned power...