Israel is pushing through two new energy projects to meet expanding needs with limited resources.State-owned Israel Electric Corp. (IEC) is seeking a partner to build an additional co-generation plant, valued at between $500 million and $600 million, at a site in northern Israel. The 450-MW plant would be located at Alon Tavor, near Afula, next to an existing facility. A request for information (RFI), which was set to close on Oct. 1, says the investor would hold at least a 51% stake and possibly up to a 100% stake in the project. If the holding is less than 100%, IEC
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.