Full coverage· Economy· Updated
Israel's Most Important Power Station Project Secures $1.5 Billion in Financing
Adaletec Group and Menora Mivtachim, with Keystone Power, have secured financing for the 5.6 billion shekel Sorek power station project, a critical infrastructure development for Israel.
2 newsrooms · 1 language · since
Plus
What happened
- 01Sorek power station project, costing 5.6 billion shekels, has secured its financing.
- 02The project is a critical development for Israel's electricity sector.
- 03Financing was led by Mizrahi-Tefahot Bank and Discount Bank.
- 04The station is scheduled to begin operations in November 2029.
- 05It will have a maximum production capacity of approximately 850 megawatts.
- 06The primary energy source will be natural gas.
The project, expected to be operational by November 2029, will have a capacity of 850 megawatts and utilize advanced Siemens technology. The financing was led by Mizrahi-Tefahot Bank and Discount Bank. The station will primarily run on natural gas, with a major supply agreement in place.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- CentreNone
- RightNone
- HarediNone
- ArabNone
- Other2
How it broke
See which of the 2 newsrooms broke it, and who waited