EDLETECH GROUP

E D E LT E C H G R O U P

Making its private electricity vision a reality

E D E L T E C H

G R O U P

All About

Energy Edeltech is consistently finding new roads to explore in the energy and utilities market, making it the largest Group working in the sector

Writer: Phoebe Calver | Project Manager: Josh Hyland

deltech Group proudly boasts the status of the largest Group of companies serving the energy and utilities industry throughout Israel, working tirelessly to see its vision of private electricity become a reality.

Israel is continuously providing new opportunities for companies such as Edeltech to branch into; one prominent case was the discovery of natural gas reserves in the Mediterranean Sea, which has subsequently opened up a historical economic opportunity and with it the drive that was needed to jump-start a reform in the electricity production sector.

The Group formed in 1989, setting itself up as an entrepreneurial Company which would focus its work in the infrastructure and energy sectors.

“The Company has set the goal of becoming the central, leading player in the market,” explains Udi Wild, the Chief Executive Officer at Edeltech. “We have worked through the years to widen our activity in the field of generating electricity through natural gas. Recently, very excitingly we have entered the field of renewable energy.”

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The field quickly began to pick up momentum shortly after the discovery of vast natural gas reserves in the Mediterranean Basin. As a result, Israel was privy to significant economic advantages, with the ability to use natural gas as an alternative to the excessive use of expensive fuels which are adding to pollution, such as fuel oil and diesel oil.

Wild adds: “Our team consists of experts who have top-level experience in project development, management, financing and legal activities all of which are available to us in house.

Through the experience gained in the involvement in our projects, our team gained the knowledge and expertise that set us apart from other players in the market.”

Advancements in private power plants

Edeltech forecasts that Israel’s electricity sector will experience persistent growth in the future and with that, the demand for electricity will also continue rising in the coming decade.

The Group has invested copious amounts of time and money into

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The Group has invested copious amounts of time and money into its five power plants

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E D E L T E C H

G R O U P

the five power plants housed under the Edeltech umbrella, including Dorad Energy – the largest and most advanced private power plant in Israel – which was launched in 2014.

“Completely operated by natural gas, the plant feeds into 12 of the world’s most advanced gas turbines, with a production scope of 860 MW,” continues Wild. “We then supply the electricity at a reduced production rate to a variety of leading companies located in the Israeli market, some of which include: The Ministry of Defence, Mekorot, Osem, Israel Aerospace Industries, Dan Hotels, Fattal Hotels chain, Isrotel, Gazit Globe, Keter Plastic, Strauss, as well as banks, industrial companies and many more.

The ability to finance and support such a successful enterprise was enabled by a group of financers, led by Bank HaPoalim, which houses both the largest banks and institutional bodies working within Israel.

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New energy for change

Working with Neot Hovav Industries, Edeltech is forging the new energy for change through its Ramat Negev Energy plant. Again, with substantial plans for the future of energy, substantial investment was required to build on the premises of the Adama Makhteshim plant, costing approximately $200 million.

“Our Ramat Negev power plant is being fuelled through natural gas at a current production scope of 120MW electricity and up to 110 tonnes per hour of steam,” the Company explains.

“Electricity and steam surpluses are regularly sold to close consumers at Neot Hovav and to the IEC, located among the Company’s most prominent electricity consumers are Teva, Cellcom and others.

“This project has been financed by a financers’ consortium which is led

by Bank Leumi, with their support the plant was launched in December 2015.”

Another prime example of the

advance power plant projects the Edeltech Group takes on is the Ashdod Energy Plant, which is one of the main contributors to turning the Group’s private electricity vision into a viable entity and a reality which will tailor electrical supply to consumers’ individual needs. The plant, costing approximately $100 million, is built adjacent to the plants of Adama Agan in Ashdod, with a production capacity of 55MW electricity; it has the capability to easily supply all the energy needs of Adama Agan plant. Again, the electricity surpluses that are created continue to be supplied to close consumers in the area and the IEC. “An area we’re now looking into is methods of energy storage through batteries located alongside existing power stations (Hybrid configuration),” adds Wild. “We are now testing the right integrative technology, and are looking at the right points, in order to determine their economic viability.”

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A natural distribution that makes the Negev region bloom

Negev Natural Gas distributes natural gas to all industrial organizations and institutions throughout the south of Israel, with a significant expansion and coverage to supply gas to all consumers in the commercial and domestic markets.

Negev Natural Gas is proud to be associated with the Edeltech Group.

Ha’Rechev 1, Tel Aviv, zip code 6101902, POBox 2009

Tel: 03-5228508 | Fax: 03-5662521 | office@negevgas.co.il www.negevgas.co.il Embracing the spirit of change

The Company’s expansion is a continuous process, branching into new areas and building on past experiences to enable positive growth for Edeltech; a prime example of this is the current plans for Solad Energy.

“Our strategy is to quickly understand and respond to the rapidly changing energy market,” continues Wild. “We are offering unique energy solution to large electricity power plants while serving the industry’s need for a one-stop shop approach to providing a complete in-house energy centre for our customers.”

Similarly with the innate nature of the Company to embrace the spirit of change, its new plant Tamar (Mishor Rotem Power plant) intends to bring this spirit to the Negev and supply it with both environmentally friendly and advanced electricity for the area.

“It is very important to us that we handle our own power plant operations and maintenance,”

Energy surpluses are supplied to close consumers

concludes Wild. “We understand the value of entering new sectors the Company has branched into and it is with the help of subsidiary’s such as EZOM – the largest operation and maintenance Company in Israel – that we have been able to successfully operate and maintain some of the

largest power plants in Israel.”

With so much in the pipeline, it is a very exciting time for the Group and with increasing scope for exploration in the energy and utilities sector of Israel, there is no end of possibility for the Company’s growth and direction in the future.

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Edeltech – Advanced electricity companies 5 Kinneret Street, 3 B.S.R Towers, Bnei Brak 5126237 Tel: 03-6143500 Fax: 03-6193056 info@edeltech.co.il

www.edeltech.co.il

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