ELLOMAY CAPITAL ANNOUNCES THE CONNECTION OF THE DORAD POWER PLANT TO THE ISRAELI NATIONAL GRID
TEL AVIV, Israel - Ellomay Capital has received a notice from Dorad Energy - in which it indirectly holds 7.5 percent (with an option to increase such holdings to 9.375 percent) - that the 400-kV GIS substation serving the power plant constructed by Dorad has been energized and connected to the Israeli national grid. Based on the notice received from Dorad, the first six gas turbines (each with a 48-MW capacity) are expected to be commissioned in simple cycle during the next few weeks, with all 12 gas turbines planned to be fired by the end of August. Commissioning of the heat recovery boilers and the steam turbines will take place from September through November, with acceptance tests for the entire combined-cycle Dorad power plant currently scheduled to take place in December. Pursuant to the notice received from Dorad, the Dorad power plant is currently expected to start commercial operation and production of power at its full capacity of approximately 800 MW in January 2014.
Ellomay's main assets include 12 photovoltaic plants in Italy with an aggregate capacity of approximately 22.8 MW (six in the Puglia region, four in the Marche region, and two in the Veneto region), 85 percent ownership of a photovoltaic plant in Spain with a capacity of approximately 2.3 MW, and 7.5 percent indirect holdings in Dorad (with an option to increase such holdings to 9.375 percent), Israel's largest private power plant, which is in the final stages of construction and is expected to have an aggregate capacity of approximately 800 MW (representing approximately 8 percent of Israel's current electricity consumption).
Source: http://www.ellomay.com/files/SEC_Filing/new/2013/Form6-K-July-3-2013.pdf
Associated URL:
http://www.ellomay.com
You have 0 item(s) in your cart