Shikun & Binui Energy Project Gets Final Approval for 5.6 Billion Shekel Power Plant
Translated & summarized from TheMarker by baba
Adeltak Group and Menora Mivtachim, along with Keystone Fund, secured final financial approval for the 5.6 billion shekel Sorek power station. The 850-megawatt facility, located near Rishon LeZion, is expected to be completed in three years. The project will provide essential power to the Gush Dan area.
The story in 5 lines · by baba
- Sorek power station project receives final financial closing approval.
- The project's total cost is estimated at 5.6 billion shekels.
- Financing for the project amounts to approximately 4.8 billion shekels.
- The 850-megawatt power station will be built near Rishon LeZion.
- Construction is expected to be completed within three years.
Adeltak Group and Menora Mivtachim, along with Keystone Fund, have received final financial closing approval for the construction of the Sorek power station. The project, estimated to cost approximately 5.6 billion shekels, will be financed with about 4.8 billion shekels. This funding approval follows the receipt of a building permit from the Planning Administration on Monday. The consortium, which won the tender two years ago, will now proceed to the construction phase.
The 850-megawatt power station is slated for completion within three years at the Sorek site near Rishon LeZion. The project will be managed internally and is expected to provide critical electricity to the Gush Dan region.
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