Signing Electricity Deal
Signing Electricity Deal Yael Tzur

Infrastructure Minister Uzi Landau approved on Sunday a Power Purchase Agreement (PPA) that was signed between the Keturah Sun company (which is owned by Arava Power) and Israel Electric Corp (IEC). The agreement, which is valid for 20 years and is worth an estimated NIS 250 million, would allow Ketura Sun and Arava Power to provide solar electricity produced in Kibbutz Ketura that will be transferred to IEC’s power lines.

Minister Landau said during the signing ceremony that “we have gone down a long road with many obstacles. We got to this point and a window for private power producers of renewable energy has been opened. We are going full force ahead.”

Arava Power CEO Jon Cohen said: “Despite the difficulties we are determined to lead the solar revolution in Israel. Arava Power is a pioneer in producing solar energy in medium and large fields. Kibbutz Ketura is the first in a series of additional projects in the Arava and the Negev.”

Arava Power President Yosef Abramowitz added: "Arava Power is making history. The Ketura project is one of dozens of projects that will turn the State of Israel into a solar energy production center.”

Israel Electricity Authority chairman Amnon Shapira said: “The road was not easy and was accompanied by much bureaucracy. We hope that Arava Power generates many kilowatts of electricity.”