PRNewsWire
03 Jun 2026, 11:49 UTC · 2h ago
OPC Energy Signs Financing Agreement with Bank Leumi for the Hadera Expansion Project
PRNewsWire
03 Jun 2026, 11:49 UTC · 2h ago
Story key points
3 claims · impact-rated
OPC Energy secured a financing agreement with Bank Leumi to cover approximately 80% of the Hadera Expansion project's estimated $1.7-1.8 billion cost. — Securing the vast majority of project funding removes a primary execution risk and provides a clear path to financial close for a massive capital expenditure.
+0.60OPC Energy has executed an EPC agreement with Solel Boneh and an international partner to build an 850-megawatt combined cycle natural gas power plant. — The selection of contractors marks a transition from planning to the construction phase, reducing operational uncertainty.
+0.40The new Hadera facility will generate revenue through electricity sales in the SMP market and receive availability payments for 25 years. — The long-term availability payment structure provides predictable, stable cash flows that support the company's valuation and debt servicing.
+0.30Ticker attribution
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Model heads
The company secured a major financing agreement and EPC contract for the Hadera Expansion project, marking a significant growth milestone.
The bank is leading the financing for a project of national significance, aligning with its growth engine for infrastructure financing.
The company has agreements to supply main equipment and long-term maintenance for the project.
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