Israeli Kesem Power Plant Reaches Financial Close
Kesem Energy Ltd., an Israeli project company developing large-scale power generation assets, signed financial close on a NIS 5 billion project to develop the Kesem Power Plant, one of the largest energy financings completed in Israel this year.
The privately owned plant, located near the Kesem Interchange, will become Israel’s first private power facility to deploy Siemens H-Class gas turbine technology and is scheduled to begin supplying electricity in 2029, supporting rising national demand and grid stability.
The transaction covers equipment procurement, construction, operation, maintenance, and long-term project financing led by Bank Hapoalim, one of Israel’s largest commercial banks.
Erdinast, Ben Nathan, Toledano advised Kesem Energy, with Uri Mendel, Oren Tal, Shada Samara, and David Grinberg leading the matter, supported by specialists across real estate, planning and zoning, natural gas, labor, and environmental law.
Meitar represented Bank Hapoalim, lead by Jonathan Finklestone with a team consisting of Tal Bignitz, Guy Kless, Einat Itzhak, Elad Sharabni and Alon Aviram.
