Ashtrom Group to Build $1 Billion Power Station Near Beit Shemesh

Ashtrom Group has been authorized to build a $1 billion power station fueled by natural gas near Beit Shemesh, with operations expected to begin after 2030. The power station, named Shimshon, will have a capacity of 830 MW and incorporate a storage facility. The project aims to address the energy needs of the Jerusalem region, which currently lacks significant power infrastructure.

Ashtrom Group, in collaboration with Mega Or Holdings and Har Tuv Enterprises, has been authorized to build a $1 billion power station fueled by natural gas near Beit Shemesh. The power station, named Shimshon, is expected to begin operations after 2030 and will have a capacity of 830 MW. The project will incorporate a storage facility to bridge the gap between peak production and consumption [2].

The project aims to address the energy needs of the Jerusalem region, which currently lacks significant power infrastructure. The approval process by the National Planning Committee has begun, with the power station expected to produce electricity with a capacity of 830 MW and include a storage facility. The power station will depend on the construction of overhead supply lines (400 KV) and a gas pipeline, with operations scheduled to commence after 2030 [2].

The project is part of a broader effort to maintain the reliability of electricity supply, even during security and infrastructure emergencies, and to enable competition for production that can cut electricity prices. Ashtrom Group, along with other energy companies, is planning the construction of several power plants to meet these goals [2].

References:
[1] https://www.tradingview.com/news/zacks:b022282fd094b:0-ppl-blackstone-jv-to-build-natural-gas-plant-for-data-center-support/
[2] https://en.globes.co.il/en/article-ashtrom-to-build-power-station-near-beit-shemesh-1001516246