4 October 2010
BEER-SHEVA, Israel; October 7, 2010 — The Arava group, initiated by the Eilat-Elot municipality and Ben-Gurion University of the Negev (BGU), recently won a tender from the Israeli Ministry of Industry, Trade and Labor to establish and operate a technology center for renewable energy in the south of the country. The government of Israel and the group will each invest half of $30 million (114 million Shekels) over a five-year period. BGU, represented by BGN Technologies, the University's technology transfer company, has joined the group commitment to invest in the long-term development of industry in the region.