Friday, January 13, 2012

Bethel Finance: Supergas wins tenders for two Negev solar power plants

www.bethelfinance.com
Bethel Finance news:
Supergas, of the Granite Hacarmel Investments Ltd. (TASE: GRNT) group, controlled by David Azrieli, has won the first two land tenders published by the Israel Lands Administration for the construction of solar farms in the Negev.

The tenders are for leases on land in Mitzpe Ramon and En Avrona for the construction of photovoltaic solar systems and operating them for 20 years. Supergas bid in the tender through two subsidiaries. It will pay NIS 18.7 million for the land at En Avrona which is earmarked for the construction of a power plant with an output of 5 megawatts, and NIS 14.1 million for the land at Mitzpe Ramon, where a plant with an output of 4 megawatts will be constructed.

Supergas is involved solar projects amounting to tens of megawatts that are at various stages of regulation and licensing, and is a major player in this industry. It is bidding for the construction of a 30 megawatt plant at Ashelim.

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