170MW HydropumpedStorage Power Plant is the first and largest Hydro Power Plant in Israel. It's located 60 km east of Haifa. The Mount Gilboa project is composed of two reservoirs, each 2.5 million m3, connected by a 500mdeep shaft and large pipes. The 50m tall underground powerhouse contains two 150MW turbines from Alstom/GE, along with generators and step-up transformers. It generates 3,000 MWh of electricity annually.

The project was established by a special partnership between Electra Construction, Electra Energy (formerly Elco), and Solel Boneh and was to be operated by Alstom (GE bought Alstom Power in 2015).