Doral and Ampa Expect $150M Annual Revenue from Har Tov Data Center
Doral and Ampa project $150 million in annual revenue from their Har Tov data center, exempt from the recent Electricity Authority freeze.
Renewable energy company Doral and real estate firm Ampa expect $150 million in annual revenues from the data center they are building in Har Tov, near Beit Shemesh, according to an investor presentation published by Doral and a stock exchange filing by Ampa.
Project Scale and Financial Projections
The project, which also involves real estate entrepreneur Nadav Balila, is projected to generate an EBITDA of around $100 million and an annual cash flow of $80 million once the entire facility is fully connected in 2030. Doral emphasized that this specific data center is exempt from the Electricity Authority's recent decision to freeze new connection requests for data centers.
In July, the Electricity Authority completely froze all new electricity connection requests for data centers due to a massive surge in demand that far exceeded the capacity of the national grid. The freeze is set to last until December, at which point new conditions will be established, such as local power generation, relocation to the periphery, and formal development plans. Consequently, any data center that secured its connection survey prior to the freeze is now considered a highly valuable asset.
Phased Development and Future Plans
According to Doral and Ampa, the first phase will connect 32 megawatts, followed by an additional 64 megawatts, totaling 96 megawatts in the coming years. This will enable an IT load operation of approximately 75 MWIT. Although the project is not directly adjacent to Doral's generation facilities, Doral's private electricity supplier will provide power virtually.
This is the most advanced project among 10 initiatives being promoted jointly by Doral and Ampa. Larger projects are planned in other regions, including 166 MWIT in Hadari Shaan, 150 in the Western Negev, 150 in the northern Gaza Envelope, and 100 in the Southern Arava. These projects are in earlier planning stages and remain subject to the Electricity Authority's ongoing freeze.
"We have a clear competitive advantage through our high-voltage power generation projects, which will create integrated energy parks combining data centers and electricity production," Doral representatives noted, though acknowledging that these broader initiatives still depend on upcoming regulatory decisions in December.
