OPC Energy signs $1.7-$1.8 billion Hadera expansion financing deal with Bank Leumi
Kenon Holdings Ltd.
Kenon Holdings Ltd. KEN | 0.00 |
- OPC Energy signed a financing agreement with Bank Leumi for the Hadera Expansion project, targeting about 80% of construction costs.
- Project cost estimated at USD 1.7-1.8 billion, implying bank financing of roughly USD 1.36-1.44 billion.
- Loan tenor set at 6-10 years; pricing at Israel Prime rate plus a 0%-0.7% margin, depending on term.
- Principal repayments scheduled to start six years after the initial drawdown.
- Financing supports an 850-megawatt combined-cycle natural gas plant adjacent to the existing Hadera facility.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OPC Energy Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606030749PR_NEWS_USPR_____IO74992) on June 03, 2026, and is solely responsible for the information contained therein.
