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Gas Losses Shown as Dutch Unit Finds Israel Home: Energy Markets

A 30-meter crane pulled a yellow gas-fired generator weighing as much as 28 double-decker buses from the Enecogen power plant in Rotterdam three months ago. The unit that powered homes and businesses in the Netherlands now is doing the same job 2,000 miles away in Israel.

The journey that took the cylindrical generator from Europe to the Gezer gas plant near Tel Aviv followed an agreement by state-owned Israel Electric Corp. Ltd., or IEC, to pay 40 million euros ($53 million) to Eneco Holding BV and Dong Energy A/S for the Siemens AG-manufactured unit. For IEC, the deal was a solution to a looming power shortage after a generator failed at Gezer. For Enecogen, it was a chance to offload a unit operating at only a quarter of its expected running hours just 20 months after being commissioned.