Representing Dalia Energies in major Israeli financing deal

23 May, 2024

Representing Dalia Energies in Major Israeli Financing Deal

May 16th marked a significant milestone in Eshkol power plant’s transfer of ownership to our valued customer ‘Dalia Energies’. Together with Union, Meshek Energy and Zvi Barak, who together own special purpose companies, Dalia signed financing agreements for the purchase of Eshkol station for a total NIS 9.55 billion.

Financed by Bank Hapoalim and Bank Mizrahi-Tefahot, this transaction is one of the largest private financing deals in Israel.

In addition to the purchase of the existing power plant, with a production volume of around 1,000 megawatts, making Dalia Energies one of the most significant electricity producers in the economy, the transaction also included the purchase of real estate areas for commerce and industry purposes near the southern ports and Ashdod, as well as an option to build the most advanced power plant in Israel, which will provide a response to the rising demand for electricity in Israel, while significantly reducing emissions from electricity production.

Dalia Energies was represented by partners Noa Meidan and Nitzan Kahana while Hagit Bavly handled all aspects regarding the real estate.

Adv. Elad Morgenstern, Robert Krombein, Tomer Ben-Horin, Maya Zvulun, May Erlich, Hadil Nassif and intern Ido Castel also had significant roles in the transaction.

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Shiri Menache

Head of Marketing and Business Development

Matan Bar-Nir

Press Officer, OH! PR