73 MW extension for gas-fired power plant in Turkey - POWER ENGINEERING INTERNATIONAL

05/04/2017
Diarmaid Williams

Finnish technology group Wärtsilä will supply 73 MW capacity equipment for an extension to a power plant owned by Yesilyurt Enerji Elektrik Uretim A.S, an Independent Power Producer (IPP) in Turkey.

The equipment will be delivered during the coming months, and the extended power plant is scheduled to be operational by December 2017. Wärtsilä's scope is the equipment supply. The order is booked in the first quarter of 2017.

Development of Leviathan - IN CYPRUS / CYPRUS WEEKLY

December 4, 2016
By Charles Ellinas

Delek announced at the Tel Aviv Stock Exchange that it had signed a commitment letter securing up to $1.75 billion in financing from JPMorgan and HSBC for Phase 1A of the Leviathan development.

Ratio Oil sold new debt and equity earlier this year, raising about a third of its $600-million share of the project. Noble Energy has only raised part of its portion of the financing, expected to be about $1.6bn, and is looking to sell 10% of its Leviathan holding to support this.

The total estimated Phase 1A development cost is $4bn.

This, coupled with changes in Turkey’s energy strategy to diversify away from gas, may have profound effects on the future of East Med gas.

Leviathan partners sign $2b gas deal - GLOBES

1 Dec, 2016 11:10

Nati Yefet

The latest deal is with Or Energies, which will buy 8.8 billion cubic meters of gas over 20 years.

The Leviathan partners notified the Tel Aviv Stock Exchange this morning that they have signed a $2 billion deal to sell 8.8 billion cubic meters of gas to Or Energies over 20 years. The gas will be used to operate the power station that Or Energy plans to build.

The Leviathan partners Noble Energy Inc.(NYSE: NBL) (39.66%), Delek Group Ltd. (TASE:DLEKG) units Avner Oil and Gas LP (TASE:AVNR.L) and Delek Drilling LP (TASE: DEDR.L) (22.67% each) and Ratio Oil Exploration (1992) LP (TASE:RATI.L) (15%) recently announced that they had signed financing deals for the giant offshore gas field. The partners have also recently signed a range of deals to supply gas including to Paz Oil Company Ltd.(TASE:PZOL), Edeltech, the IPM power station in Beer Tuvia and the Jordanian electyricity company NEPCO.

Israel's Delek Group in talks to sell 87 MW power plant for $52 mln - REUTERS

Tue Jul 19, 2016 10:26am GMT

JERUSALEM, July 19 (Reuters) - Israeli conglomerate Delek Group said on Tuesday it is in advanced talks to sell an 87 megawatt power plant to a group of investors for about 200 million shekels ($52 million).

The plant is located in the Israeli coastal city of Ashkelon, adjacent to a huge desalination plant in which Delek is also a partner.

In a statement to the Tel Aviv Stock Exchange, Delek described the potential buyers only as a "group of institutional and private investors". ($1 = 3.8590 shekels) (Reporting by Ari Rabinovitch)