Gilbao PSP is a 300MW hydro power project. It is located in North, Israel. The project is currently active. It has been developed in single phase. The project construction commenced in 2014 and subsequently entered into commercial operation in 2020.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Hydropower | 300 | 300 | – | Active | North, Israel | Electra Real Estate; Shikun & Binui |
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Description
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The project was developed by Electra Real Estate and Shikun & Binui. InfraRed Capital Partners, Electra Real Estate and Shikun & Binui are currently owning the project having ownership stake of 49%, 25.5% and 25.5% respectively.
Gilbao PSP is a pumped storage project. The hydro reservoir capacity is 2.5 million cubic meter. The gross head of the project is 574m. The project generated 3,000 MWh of electricity. The project cost is $500m.
Development Status
The project construction commenced in 2014 and subsequently entered into commercial operation in 2020.
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By GlobalDataContractors Involved
GE Renewable Energy was selected as the turbine supplier for the hydro power project. The company provided 2 units of pump turbines, each with 150MW nameplate capacity.
GE Renewable Energy supplied 2 electric generators for the project.
GE Renewable Energy is the O&M contractor for the hydro power project for a period of 18 years.
About Electra Real Estate
Electra Real Estate is a real estate development company engaged in the development of commercial and residential buildings. Its properties include office and residential buildings, retail, logistics centers and hotels. Electra also owns three office buildings including: Electra Tower in Tel-Aviv; Omega Building in Haifa and The Kodak Building in Petach Tikva. The company owns nine office buildings in Norfolk, Atlanta, Louisville, Cleveland, Saint Louis and Chicago, in the US. It also has properties in Canada, Germany, Switzerland, The Netherlands and Belgium and India. The company operates in Israel, Canada, the US, Belgium, the UK, Germany, Switzerland and India. It is headquartered in Tel Aviv, Israel.
About Shikun & Binui
Shikun & Binui Ltd (Shikun & Binui), is an infrastructure and real estate group engaged in the development of infrastructure, real estate, water and energy projects. The company offers services which include engineering, procurement and construction (EPC) of infrastructure projects including roads, bridges, water and sewage plants, hydroelectric and thermal power stations, asphalt and cement mixture plants, offices and residential buildings; operations and maintenance of various facilities; construction and concessions.Shikun & Binui is also involved in financing and operation of ventures in the fields of transportation infrastructure, ecology, water purification and desalination and international project development. The group operates in Israel, Africa, Central America, Asia and Europe. Shikun & Binui is headquartered in Lod, Israel
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.
