This month saw a significant milestone in Eshkol power plant’s transfer of ownership to 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.

The transaction involving Dalia Energies included acquiring an existing power plant with a production capacity of about 1,000 megawatts, positioning the company as a major electricity producer in the economy. Additionally, the deal encompassed the purchase of commercial and industrial real estate near the southern ports and Ashdod, and an option to construct Israel’s most advanced power plant. This new plant aims to meet the increasing electricity demand in Israel and significantly reduce emissions from electricity production.

Arnon, Tadmor-Levy advised Dalia Energies, with the transaction represented by partners Noa Meidan and Nitzan Kahana while Hagit Bavly handled all aspects regarding the real estate. Elad Morgenstern, Robert Krombein, Tomer Ben-Horin, Maya Zvulun, May Erlich, Hadil Nassif  and intern Ido Castel  also had significant roles in the transaction.