Israel - Treasury official halts biogas plan - Globes

The Ministry of Finance representative at the Public Utilities Authority (Electricity) earlier this week blocked approval of regulations for the generation of electricity from biogas. The Public Utilities Authority was due to set a 160 megawatt quota for biogas facilities using municipal and agricultural waste.

According to the principles of the hearing, published in October 2010, the government would pay biogas ventures a relatively low rate of NIS 0.60 per kw/h, compare with NIS 1.55 per kw/h promised for small photovoltaic energy facilities.

However, the Ministry of Finance representative, Udi Adiri, said that a 2009 cabinet decision required the cabinet to first decide on the quota. He therefore decided not to approve the arrangement at this time.

Published by Globes [online], Israel business news - http://www.globes-online.com/ - on April 7, 2011

? Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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