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Israeli Energy Project Sale Could Net Business Partners Over $200 Million
Israeli businessmen Tzachi Abu and Jackie Ben Zaken are selling over half of their stake in the planned Orot Yitzhak power station project to Rapac Energy for NIS 550-730 million. The deal values the project at NIS 1.1-1.46 billion, potentially yielding hundreds of millions in profit for Abu's Ari Real Estate company.
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What happened
- 01Tzachi Abu and Jackie Ben Zaken are selling 50.1% of their power project for NIS 550-730 million.
- 02The deal values the unbuilt Orot Yitzhak power station at NIS 1.1-1.46 billion.
- 03Ari Real Estate could see profits of around NIS 330 million from the transaction.
- 04The project's land was acquired for NIS 362 million in September 2025.
- 05The planned power station could have a capacity of up to 1,700 megawatts.
The project, which acquired its land for NIS 362 million last year, is progressing through planning stages and could eventually host a 1,700-megawatt power station.
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