By JERUSALEM POST StaffThe country’s largest hydroelectric power plant will begin construction by 2022, a senior Israeli energy official said on Wednesday, as the country faces a looming power crisis.
The 1,490-megawatts (MW) Kfir-5 project will be one of the largest in the world and the second largest in Europe after the French power plant, according to the official, who spoke on condition of anonymity.
It is expected to produce 5 billion kilowatt-hours (kWh) of electricity annually, making it one of Israel’s largest-scale solar projects, which account for some two-thirds of the country’s total electricity production, according a Kfirs project report.
The official said the project is expected cost around $1 billion, less than the $1.4 billion ($1.25 billion) Israel spent on its solar projects.
The government has pledged to invest $1 trillion in energy infrastructure by 2020, including new hydroelectric plants and solar farms.