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Amos Luzon Proposes Shutting Down Turbines to Advance Dorad 2 Power Plant Approval
Amos Luzon proposed shutting down three turbines at Dorad 1 to reduce output and comply with ownership limits, aiming to unblock approval for the Dorad 2 power plant. The Electricity Authority is reviewing this plan amid disputes over sharply increased land lease fees demanded by a state infrastructure company.
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What happened
- 01Amos Luzon proposes halting three turbines at Dorad 1 to reduce output by 210 MW and meet ownership limits.
- 02Electricity Authority is considering Luzon’s proposal to unblock Dorad 2 power plant approval.
- 03State infrastructure company demands 120 million shekels annually for land lease, blocking project progress.
- 04Luzon’s group agreed to sell 20% of Dorad shares to investment house Meur for 223 million shekels.
- 05Financial closing for Dorad 2 is delayed but expected by year-end, with Bank Hapoalim involved.
- 06A new turbine ordered for Dorad 2 will arrive in Israel by 2030, pending regulatory approval.
Luzon’s group also agreed to sell 20% of its Dorad shares to an investment house, with financial closing delayed pending regulatory approval. Despite setbacks, the project aims for approval and financing by year-end, with a new turbine expected by 2030.
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