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.

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.

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.

What is the Gilboa pumped storage project?

The Gilboa pumped storage project was established by a special partnership between Electra Construction, Electra Energy (formerly Elco), and Solel Boneh, and will be operated by Alstom Ltd. The project is being built within approximately 5 years, at a cost of some NIS 2 billion.

What is Manara pump storage project?

The Manara Pump Storage Project will have an installed capacity of 156 MW (single 156 MW unit). The design of the system is compliant with a daily cycle (generation and pumping). The project includes one pump-turbine unit that is able to convert the hydraulic energy into electric energy and vice-versa.