Aug 10 (Renewables Now) - GE Renewable Energy has won an order worth over USD 100 million (EUR 85.2m) to deliver equipment for Star Pumped Storage Ltd’s 344-MW Kokhav Hayarden hydropower plant (HPP) that will be built in Israel.
Under the deal, the renewables arm of US conglomerate General Electric Co (NYSE:GE) will design, produce, supply and install all electro-mechanical and hydro-mechanical equipment for the pumped-storage complex and provide balance of plant services for the two 172-MW HPP units. The US group will also deliver operations and maintenance (O&M) services under a 20-year agreement, GE said in a press release on Tuesday.
Work on the HPP project will be implemented by a consortium led by Chinese firm Sinohydro Corp Ltd. Development is expected to take 52 months, with commissioning of the facility scheduled for 2021.
The Kokhav Hayarden complex will be situated near the 300-MW Gilboa pumped storage power plant owned by French heavy engineering group Alstom (EPA:ALO). It is seen to support the stabilization of Israel’s power grid and enable the integration of new renewable energy plants, Yves Rannou, president and CEO for GE's hydro solutions said.
(USD 1.0 = EUR 0.852)