Key facts
- OPC Energy secured $1.7 billion in financing for the Hadera power plant expansion.
- Kenon arranged the financing deal.
- OPC Energy also entered into an EPC agreement with leading contractors for the project.
- These agreements are key milestones toward financial close and the commencement of construction.
OPC Energy Ltd. (TASE: OPCE), an independent power producer, has announced the successful arrangement of a $1.7 billion financing agreement with Bank Leumi for the expansion of its Hadera power plant project. In conjunction with this financing, OPC Energy has also entered into an Engineering, Procurement, and Construction (EPC) agreement with leading contractors for the project's development. These dual agreements represent critical milestones, paving the way for financial close and the subsequent commencement of construction activities. Kenon played a role in arranging the financing deal.