Kenon Holdings Subsidiary, OPC Won A Tender From The Israel Land Authority To Design Photovoltaic Renewable Energy Facilities And Potentially Lease Land For Construction In Three Areas Of The Neot Hovav Industrial Local Council, With A Bid Of ~$133M

Benzinga · 05/11/2023 06:11

Kenon Holdings Ltd.'s (NYSE:KEN, TASE: KEN))) ("Kenon") subsidiary OPC Energy Ltd. ("OPC") announced that on May 10, 2023, OPC's subsidiary, OPC Power Plants Ltd.1, won a tender of the Israel Land Authority ("ILA") to design renewable energy electricity generation facilities using photovoltaic technology with an option to acquire lease rights in land in Israel for construction in three areas in Neot Hovav Industrial Local Council, with a total area of approximately 2,270 dunams (approximately 561 acres). The amount of total bid submitted by OPC for all three areas, in aggregate, was approximately NIS 484 million (approximately $133 million). Payments of the total bid will be made in accordance with the terms of the tender agreement.