Dalia Energy: Electricity Authority approved financial closing for the Eshkol Avshal project in Ashdod

Dalia Energy has taken another step toward advancing the "Eshkol Avshal" project in Ashdod, which involves an investment of billions of shekels. A day after reporting that it had received a building permit for the new production unit it intends to build at the Eshkol power station complex, the company announced that the Electricity Authority had approved the financial closing for this massive energy project.

Bank Hapoalim will serve as the senior debt arranger for the project, with financing amounting to approximately 5.2 billion shekels. Alongside the financial closing, the Electricity Authority approved a designated availability tariff that will apply to Dalia throughout a 20-year license period. The tariff is set at approximately 5.5 agorot per kWh.

An availability tariff is a payment that the state pays to electricity producers for the availability of production units, even when they are not actually supplying electricity to the grid.

The "Eshkol Avshal" complex is one of two major electricity production projects that Dalia Energy is promoting simultaneously. In another project, "Dalia 2" at the Tzafit site, the company plans to build an additional production unit with a capacity of about 850 megawatts, with an investment estimated at 4 to 5 billion shekels. For "Dalia 2", the availability tariff will be significantly lower, standing at 3.31 agorot per kWh for a period of 25 years from the start of operations.