Alstom gets financing for Israel’s first solar power plant
Israel: Megalim Solar Power (a JV of Alstom and BrightSource) and has been awarded a loan to construct the Ashalim Thermal Solar Power Station in Israel-the country’s first solar power plant.
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Israel: Megalim Solar Power (a JV of Alstom and BrightSource) and has been awarded a loan to construct the Ashalim Thermal Solar Power Station in Israel-the country’s first solar power plant.
Alstom’s share in the contract is worth $ 612 million and the company will be responsible for the engineering, procurement and construction of the solar power station, including all power equipment (transformers, steam turbines, etc.) and will also provide full operations and maintenance for 25 years.
BrightSource will deliver heliostats and optical concentrating devices, reports GCR. The 121 MW power station will cover an area of 3.15km² in the Negev desert and its completion is scheduled for 2017.
Jérôme Pécresse, Alstom Renewable Power President, said: “The project is a further step in our partnership with BrightSource and our first success together in the solar thermal power market. It paves the way to provide cost-efficient and reliable carbon-free power to our customers.”
Source: GCR
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