Is it possible to build a hydroelectric storage power station in Israel?

The Israel Electric Corporation (IEC) evaluated the feasibility of building a hydroelectric storage power station in Israel, specifically an 800 MW station at Nahal Parsa located at the south-west of the Dead Sea, in the 1990s.

How does electricity work in Israel?

In Israel, many coal and gas power stations operate alongside plants that use renewable energy from natural sources. A large amount of electricity is not used, and in fact is discarded, due to a lack of effective storage options. Pumped storage uses this surplus electricity to raise water from the lower reservoir to the upper reservoir.

How much does Electra Energy's pumped storage project cost?

The project is being built within approximately 5 years, at a cost of some NIS 2 billion. Electra Energy's share in the pumped storage project is 25% in the EPC work.

What is a pumped storage power plant?

The Gilboa power station serves as an important tool for managing and controlling the electrical grid, when needed. The foremost advantage of a pumped storage power plant is its response time. Within just 90 seconds, 300 MW can be added to the electrical grid, thus overcoming peak demand.

Does a pumped storage project fit Electra's lifecycle concept?

Yohanan Or, CEO of Electra Concessions, explains: "A pumped storage project perfectly suits Electra's lifecycle concept. We initiate and arrange financing for projects by Electra Group companies.