Palestine Infrastructure Overview
Massader invests in and leads large-scale strategic projects aimed at developing Palestine''s natural resources and infrastructure like Noor Palestine Solar Program.
It buys electricity from the Palestine Power Generation Company (PPGC), IEC, and other neighboring countries, which is then distributed to the six Palestinian district electricity distribution companies. Structurally, Palestine does not have sufficient distribution companies or systems.
The Palestine Power Generation Company continues to plan for the establishment of a combined-cycle power plant with a total capacity of up to 450MW each on a Build Own and Operate (BOO) basis. Implementation of the 250MW first phase will involve a pilot project at a total cost of $344 million in the North of the West Bank.
Insufficient power supply is a serious impediment to Palestinian economic growth. Over the next few years, infrastructure development, including upgrading the electricity network and establishing two gas-fired power plants in Jenin and Hebron in the West Bank, could be an area for growth if capital for this investment becomes available.
Palestinian energy demand increased rapidly, increasing by 6.4% annually between 1999 and 2005. Future consumption of electricity is expected to reach 8,400 GWh by 2020 on the expectation that consumption will increase by 6% annually.
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