Article: Israel: Paz to build second power plant at Ashdod Refinery.

Byline: datta03

Zadik Bino-controlled Paz Oil Company Ltd. is expanding its private electricity generation activity. At the inaugural ceremony of the company's power plant at the Paz Ashdod Refinery yesterday, it announced plans for a second power plant, at an investment of $60 million.

The announcement will consolidate Paz's position as a major competitor in the private power market, alongside Yitzhak Tshuva-controlled Delek Group Ltd. (TASE: DLEKG), which built a power plant at the Ashkelon desalination plant, owned by VID Desalination Ltd., in which Delek is a partner. Delek Group, through Delek Infrastructures Ltd., is also a partner in two more ...

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