Ampal-American Israel Corp. (AMPL) Secures Supply Agreement for Three Israel-based Cogeneration Plants
Ampal-American Israel Corp. is a holding company focused on acquired interests in energy and related businesses in the State of Israel or those businesses deemed Israel-related. The company has a 12.5 percent interest in East Mediterranean Gas Co. (EMC), which yesterday informed Ampal that it has secured three 18-year Gas Sale Agreements valued at $1.3 billion. These announced agreements are in addition to three previous gas sale agreements between EMG and the Israeli Electric Company, Dorad Energy Ltd., and Nesher. "The signing of the three agreements by EMG, as well as EMG’s active and ongoing negotiations with other potential customers,…