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Israel's Oil Refineries to build 135 MW natgas power plant

JERUSALEM (Reuters) — Israel’s Oil Refineries (ORL) has received government approval to build a 135 megawatt (MW) natural gas-fueled power station to replace an old coal-fired plant, it said on Wednesday.

ORL, Israel’s largest refining and petrochemicals group, said it plans eventually to expand the new station to 340 MW.

The company did not disclose financial details of the new co-generation plant, which will produce both steam and electricity to power ORL’s own operations.

The old plant it is replacing currently burns 500 Mt of coal a year, said ORL, which last month signed a deal with Greek energy company Energean to buy gas from two offshore Israeli fields.

Reporting by Ari Rabinovitch; Editing by David Goodman


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