Israeli Companies to Build 900 MW Gas Power Plant with Data Center
Translated & summarized from Mignews by baba
Israeli energy groups Sonol and Afcon, along with Pentalight Energy, will jointly build a 900 MW natural gas power plant and a 200 MW data center. The project, costing an estimated 4 billion shekels for the power plant, is in its initial phase and requires regulatory approval. Sonol will hold a 45% stake in the joint venture, with Afcon and Pentalight holding 27.5% each.
The story in 5 lines · by baba
- Sonol, Afcon, and Pentalight Energy will jointly build a 900 MW gas power plant in Israel.
- A 200 MW data center and energy storage systems will be co-located with the power plant.
- The power plant's construction is estimated to cost 4 billion shekels.
- Sonol will own 45% of the joint venture, with Afcon and Pentalight holding 27.5% each.
- The project is in its early stages and awaits regulatory approvals and construction permits.
Israeli energy groups Sonol and Afcon, along with Pentalight Energy, a subsidiary of the Quadro group, have agreed to jointly construct and operate a new natural gas-fired power plant with a capacity of approximately 900 megawatts. The project, slated for a 48-dunam site owned by Sonol Nedlan, will also feature an adjacent data center with a capacity of up to 200 MW and energy storage systems. The estimated construction cost for the power plant alone is around 4 billion shekels, excluding investments in the data center and storage. A new joint company will be established to manage the project, with Sonol Israel holding a 45% stake and Afcon and Pentalight each holding 27.5%. The land will be leased to the joint company for up to 25 years. This venture marks Sonol's first major power plant construction project, while Afcon and Pentalight's partners bring prior experience in Israeli energy projects. The project is in its early stages and requires regulatory approvals and construction plan endorsements. The land lease is set for a maximum of 25 years.
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