Israel Chemicals Ltd. (TASE: ICL) unit Dead Sea Works is considering building a 170-210-megawatt natural gas-driven power plant on its premises at an estimated cost of $200 million.
Dead Sea Works already has a diesel-driven power plant. The idea to build a natural gas-driven power plant came up with the hook-up of the factory to the natural gas pipeline last month.
Israel Chemicals parent company Israel Corporation (TASE: ILCO) and its controlling shareholder, Ofer Holdings Group, will decide whether to build the new power plant. Ofer Holdings has its own private power company, OPC Rotem Ltd., which is building a large power station near Dead Sea Works.
Dead Sea Works said that it was considering building a power plant, but that no decision had been taken.
Published by Globes [online], Israel business news - www.globes-online.com - on January 6, 2010
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