General Electric subsidiary Alstom and China contracting giant Sinohydro Corp. have signed an agreement in principle to build, operate and maintain what would be Israel’s largest pumped-storage project, a 340-MW facility to be built in northern Israel.
The largest-ever infrastructure investment in Israel’s history—possibly $10 billion—has been halted and could face delay of at least a year following a March 27 domestic court ruling that rejected the framework for the U.S.- Israeli developers of the Leviathan offshore gas field.
Global building products giant CRH is latest to exit the Israel market, but firm says its sale of a 25% stake in a large local cement firm was not due to boycott pressure.
Two Israeli marine biologists have joined that country’s start-up craze, using $1 million in new investor cash to develop their innovative, environmentally friendly concrete for marine infrastructure and expand their company, ECOncrete Ltd., into the booming U.S. coastal-upgrade market.
The Spanish renewable-energy giant Abengoa, which applied for preliminary creditor protection in November, is laying off staff and halting some operations, a company spokeswoman tells ENR.
Jordan and Israel are moving forward with the first phase of their ambitious Red-to-Dead Sea project to build jointly new pilot-scale facilities to boost the water supply to both countries and replenish the severely depleted Dead Sea, which borders both nations
China, which stunned western companies by expanding its footprint in Africa in the past decade to fuel its economic boom, is curtailing that construction investment as its economy cools off.