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Major Financing Deal Signed for Sorek Power Station Construction
A NIS 5.6 billion financial closing was completed for the Sorek power station, with NIS 4.8 billion in financing led by Mizrahi Tefahot and Discount Bank. The 850-megawatt station is expected to begin commercial operation in November 2029.
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What happened
- 01A NIS 5.6 billion financial closing was secured for the Sorek power station project.
- 02The project secured NIS 4.8 billion in financing led by Mizrahi Tefahot and Discount Bank.
- 03The 850-megawatt Sorek power station is scheduled to begin operations in November 2029.
- 04Adlet and Keystone Power will manage the station's construction with Issa Khoury Group as subcontractor.
- 05Energean will supply natural gas under a 15-year, $1.4 billion agreement.
Construction will be managed internally by Adlet and Keystone Power, with Issa Khoury Group as the main subcontractor. Energean will supply natural gas under a 15-year agreement.
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