BREAKING NEWS

IEC and Tamar consortium sign gas agreement

JULY 22, 2012 18:23

Israel Electric Corporation and the consortium of companies conducting the Tamar reservoir drilling have signed an agreement for the supply of natural gas to the Rutenberg Power Station in Ashkelon, the IEC announced on Sunday.

The power plant currently operates on coal only, and the transformation to natural gas will make the electricity generation there “greener, cheaper and more efficient,” according to IEC chairman Yiftach Ron-Tal. By the year 2020, 80 percent of Israel’s electricity will be generated by natural gas, he added.

“Now, the safe arrival of gas from the Tamar field to Israel's shores must be ensured,” Ron-Tal said. “This will be via the additional piping system to ensure strategic redundancy in the gas supply from the Mediterranean fields."

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