Middle East Economic Survey

VOL. XLVII

No 33

16-August-2004

ISRAEL

Ofer Brothers Group Drop Ramat Hovav Power Project

OPC, the Israeli company owned by the Ofer Brothers, has notified the Israeli Government that it will not go ahead with the construction of a power plant at Ramat Hovav. OPC won a tender to build the gas-fired power plant in 2002 and signed agreements with the Israel Electric Corporation (IEC) to begin work immediately. However, apart from some infrastructure development, work on...