Israeli firm Dorad Energies Ltd. and Turkey's Zorlu Holding on Tuesday signed a $800 million deal for the construction of three natural gas power stations in Israel.
Israel's National Infrastructures Minister Joseph Paritzky and Turkish Energy Minister Hilmi Guler oversaw the signing of the energy deal, The AP reported.
Zorlu is to construct a 770-megawatt plant in the Ashkelon region in southern Israel, a 24- megawatt station in the Migdal Ha'Emek industrial region in northern Israel and a 12-megawatt station in southern Israel, some 25 kilometers from the city of Eilat, Paritzki said. The smaller stations would be operational in 15 months time, while the larger one would be ready in 2007.
Zorlu is one of Turkey's leading business conglomerates with interests in construction, textiles and banking. (menareport.com)
© 2004 Mena Report (www.menareport.com)
