VOL. XLV

No 29

22-July-2002

ISRAEL

Hyundai Wins $20Mn Haifa Power Plant Order

Hyundai HeavyIndustries Corporation announced on 18 July it had won a $20mn order for a 15mwpower plant to be installed in Haifa.The plant, which will comprise diesel-fired shipping engines, will be operatedby Israeli independent power producer Noga Paz Omega(a subsidiary of Paz Oil Company) and will be commissioned by November 2003. Inthe Israeli power sector, coal fires 70% of Israel Electric Corporation痴 (IEC痴)...