The Ashdod Natural Gas Fired Power Plant is 700MW gas fired power project. It is planned in South, Israel. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 700 | – | 700 | Announced | South, Israel | Paz Oil |
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Description
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The project is being developed and currently owned by Paz Oil.
It is a Thermal power plant.
The project cost is expected to be around $700m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
About Paz Oil
Paz Oil Co Ltd (Paz) is a downstream company. It carries out refining, production, storage, import and marketing of oil and refined products. The company owns and operates refinery, fuel product storage and distribution terminals. Paz also operates a network of retail fuel stations, convenience stores and retail complexes. The company offers liquid petroleum gas (LPG), lubricants, solvents, sealing and insulation products, jet fuel and aviation gasoline. It serves institutional and private customers, farmers, state corporations, infrastructure contractors, security organizations, moving and aviation companies and wholesalers in the domestic and international markets. The company also provides real estate services. Paz is headquartered in Yakum, Israel.
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Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
