Alstom has signed contracts totalling around €120 million with PSP Investment Ltd for the supply of two 150 MW pump-turbines with the associated balance of plant equipment and a DCS for the 300 MW Gilboa pumped storage power plant in Israel. Alstom also signed an eighteen-year operation & maintenance agreement, covering day-to-day operation and maintenance of the power plant. The project represents Alstom's first entry into the Israeli hydro market and will be the country's first pumped storage power station,
The power plant, located 60 km east of Haifa, will be commissioned in 2018, and will increase the country's installed power generation capacity by 2.5%..
"This contract demonstrates Alstom's commitment to supporting the Israeli energy market, providing solutions for renewable and clean energy sources. This order further reinforces Alstom's leading position on hydro pumped storage power market, and our capability to propose to our customers a complete offer from equipment to services" said Jérôme Pécresse, president of Alstom Renewable Power.
Pumped storage is the most widespread energy storage system in use on power networks, and today there is over 127 GW of pumped storage in operation around the world.
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