A power station that enables the storage of energy through pumping up water, so that it is available for use when necessary. This is an important technological tool used to manage the electrical grid and make it more efficient. The technology has been tried and tested, and is in operation worldwide (facilities with a total capacity of more than 200,000 MW). Electra Construction and Shikun & Binui have a conditional license for the construction of two projects with a combined 500 MW capacity. The concession period is 20 years. Electra and Solel Boneh are partners in the planning, construction and delivery of each project.