Project Overview 

• The project involves a power plant with an initial production capacity of 240 MW, expandable to 400 MW in the future
• It includes two gas turbines and one steam turbine to increase electricity generation and availability by 15%
• Annual electricity output is 1,300 GWh, aiming to reduce the electricity supply gap in Palestine
• The project will meet the energy demands of industrial and manufacturing businesses, particularly heavy electricity consumers, ensuring reliable operation of large-scale plants

Impact

• Direct jobs: 100 & Indirect jobs: 10 thousand
• Reduce Palestine trade account deficit 
• Economic  Independence
• Enabling growth in industrial projects
• Attracting regional  and international capitals  and financing

Project Timeline		Project Highlight
2021 -  Temporary license		3 Gas Turbine, 1 Gas Turbine, NG pipeline
2023 - Implementation Agreement Framework, and PPA		US $240 million investment
2024 -  Financial closing, project development		30% Equity
2024 - Continue development.		14% IRR
2026 Q2 - Gaz supply agreement, equipment quotations.
2027 - Financial Close, final agreement with PA
2028 - Project development
2031 - Electricity production