Generation Capital acquires a 300 MW pumped storage power plant
Generation Capital, an infrastructure and energy fund, acquired 25.5% of PSP Investments Ltd., which owns a pumped storage power plant at Ma’ale Gilboa with an installed capacity of 300 megawatts, for NIS 227 million.
The pumped storage power plant at Ma’ale Gilboa is one of Israel’s landmark power project and is the first pumped storage facility in Israel.
Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron, represented PSP, led by Projects and Energy Partner Uri Mandel and Associate Oren Tal. Partners Shay Dayan and Yoav Dankner and Senior Associates Mor Elboym and Mohammad Bassam represented the seller, Electra.
Generation Capital was represented by Gornitzky and Partner Jack Smith, along with Senior Associate Liron Koren andAssociate Adam Spiegel.
