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IZDEHAR CCGT Power Plant

IZDEHAR | Palestine Prosperity Investment & Development|2022-03-07 14:13:47

Project Overview : 

  • Contribute to filling the demand gap for electricity by 15%.
  • Substitute the Israeli Electricity Supply which is 90%.
  • Establishing a Combined Cycle Gas Turbine power plant with a capacity of 200 MW.
  • Producing around 1,600 MKWH/Year.
Project Sponsors Project Impact 
Izdehar
Palestinian Authority
International Development Institution


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

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3 Gas Turbine, 1 Gas Turbine, NG pipeline

2022 -  Implementation Framework, and PPA

US $287 million investment

2023 -  Financial closing, project development

30% Equity

2024 - Continue development, operated by 2025

16% IRR