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IC Power has acquired a 60-megawatt power station for $30 million.
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Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
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Thank you.
Israel Corporation (TASE: ILCO) subsidiary IC Power Ltd. has acquired a 60-megawatt power station in Chile for $30 million. This is the company’s second power station in the country.
In 2011, IC Power decided to extend its Chilean operations, as part of its expansion plan. Later that year, it acquired a 150-megawatt power station, which serves as a back-up power station in the country. It also set up a staff in the country.
In 2013, IC Power acquired two sites, totaling 500 acres, west of the capital Santiago, zoned for the construction of a 400-megawatt natural gas-driven power station.
Published by www.globes-online.com
