The company is considering two alternatives for the plant.
Sources inform ''Globes'' that Israel Chemicals Ltd. (TASE: ICL) unit Dead Sea Works has hired Parsons Brinckerhoff (PB) to conduct a feasibility study of the company's proposed private power plant for the unit.
The sources added that Dead Sea Works is considering two alternatives for the project: either upgrading its present 130-megawatt power plant at an estimated cost of $70-80 million; or building a new 300-400-megawatt power plant at an estimated cost of $300-400 million. The first option would generate electricity only for Dead Sea Work's plant; the second option would generate electricity for all of Israel Chemicals' facilities in the Negev.
The return on investment of the first option is estimated at less than one year, compared with 7-8 years for the second option.
Published by Globes [online], Israel business news - www.globes-online.com - on May 12, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009