VOL. XXXIX

No. 34

20-May-1996

GENERAL

Israel Signs Contract With US firm For First Private Power Plant

The state-owned Israeli Electric Corporation (IEC) has signed a $300mn contract with the US firm Mid-Atlantic to build Israel's first private power station. It will also be the first to be fueled by shale oil. The 150-megawatt plant will be located at Meshor Rotam in the southern Negev Desert, near huge shale deposits in the area. The plant will be owned by Mid-Atlantic, while IEC will...