The NIS 2.8bn ($820m) project, to be based on BrightSource’s power-tower CSP technology, is on track for a late 2017 commissioning, Israel’s Finance Ministry says.
It is not clear, however, how exactly the project is being financed.
Several months ago it emerged that the US government’s Overseas Private Investment Corporation had approved a $250m construction loan for the second CSP project progressing in Israel’s Negev Desert – that one backed by Spain’s Abengoa.
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