A pumped storage infrastructure would turn Eilat and Central Arava into an independent power microgrid, and would cut energy cost at this area in as much as 30%, cut carbon footprint in 60%, eliminate constant losses to IEC, and provide work opportunities for the residents of the area. The cost of local power production using the methanol turbine in Eilat is almost double than the cost of gas or coal based power plant, so IEC uses this turbine as a backup in case of backbone failure, and to balance the network, but would rather use it as little as possible. Israeli government traditionally aims to allow a
planned 12% on capital for national infrastructure developers, and in practice, in most cases the developers reach a much better margin. The project is expected to cost around 250,000,000 Euro, and capital requirements are estimated around 50M Euro. The project is currently supported and in consensus by all relevant major parties (IEC, government, local municipalities, and environmental organizations), and it is about to receive a conditioned license in the next few months. Once such license is provided the project can be designed in detail, approved by the national planning committee, financially closed, and built. Estimated time for project completion is 4-7
Currently we are about to file a request for a conditioned license.
Normative operational parameters per pumped storage production unit that a manufacturer must meet in order to allow maximum dynamic availability: