After a stormy week: positive news for Tzahi Abu's real estate company
Following the collapse of the deal with Chaim Katzman, Ari Nadlan has reached an important milestone in the Orot Yitzhak power plant project. The land is estimated to be worth 1 to 1.5 billion shekels following its rezoning.
At the end of September 2025, Ari Nadlan reported that it had won, together with a partner, a tender from the Israel Land Authority (ILA) for the planning and construction of a gas-fired power plant in the Menashe Regional Council area. The project concerns a 73.6-dunam plot valued at approximately 362 million shekels. According to the company's latest announcement, the plan is now on a clear path toward implementation.
Businessman and entrepreneur Tzahi Abu has had a stormy week, as the collapse of the deal with Chaim Katzman regarding the purchase of G-City shares proved quite demanding. However, the company has now received a green light from the National Infrastructure Committee (NIC) to publish the preparation of TATAL 229, the Orot Yitzhak power plant. This means the NIC has placed the gas-fired power plant plan on a statutory track and is 'marking' the lands required for construction, a stage that significantly increases planning certainty for the project.
Company management views this as a major advancement in the approval process. It should be recalled that in November of last year, the company announced that the Israeli government had authorized its subsidiary, S.L.S. Mifrashim, alongside the same partner, to promote the project before the NIC instead of a district committee—a move that significantly shortens the timeline for obtaining regulatory approvals.
Based on internal assessments, the company estimates that once regulatory approvals are secured, it will be possible to build a power plant with a capacity between 850 and 1,000 megawatts on the site. The company anticipates that the change in land designation will enhance the property's value, with an estimated worth of 1 to 1.5 billion shekels following the approval of the town planning scheme (TABA).
