Infrastructure Minister Uzi Landau said on Tuesday that Israel needs more private power plants after congratulating Dorad Energy for obtaining the funds to build one of the largest plants of its kind, reported Reuters.
The Dorad plant is worth 4.5 billion shekels (US$1.2 billion), and starting in 2013, it will produce 800 megawatts, around eight percent of Israel's electricity production using gas imported by Egyptian company East Mediterranean Gas.
"The introduction of private electricity producers comes with labor pains, but we want to see private producers build more and more stations," Reuters quoted Landau as saying. "We will continue to remove every obstacle to ensure their entry into the market."
Another ministry official said this was "the most significant step to ever happen in Israel's private energy sector."