Shikun & Binui and Edeltech Group have successful acquired the 1,200MW Ramat Hovav electricity production site
Categories: Projects & Energy
With the Israel Electric Corporation selling off its power plants to break up its monopoly, Shikun & Binui and Edeltech Group have successful acquired the 1,200MW Ramat Hovav electricity production site – the second plant sold after Alon Tavor.
Yossi Levy & Co. served as legal advisors to the partnership for the financial closing process, in which it has raised senior debt of over NIS 4 billion to finance the project – one of the largest ever project finance deals in Israel.
The credit facilities were provided by a syndicate arranged by Mizrahi-Tefahot Bank and Discount Bank with the participation of the First International Bank, Clal, Phoenix, Altschuler Shacham, Menora and Amitim.
Uri Mandel , Head of Project Finance, Energy & Infrastructure at Yossi Levy & Co., Michal Radnay Ze’evi, Philippe Lipschutz, Oren Tal,
Tom Milbaum and Jonathan Jaitov represented Shikun & Binui and Edeltech Group to get this completed, under COVID-19 restrictions, in a record time of less than 6 months.
