Powergen
Found 4 recent publications
Bank Discount to Provide 1.1 Billion Shekels in Financing to PowerGen
The bank will provide PowerGen, part of the Generation Capital group, with significant financing facilities for the construction of over 20 hybrid energy projects to be connected to the grid within two years.
Phoenix to invest in PowerGen at a valuation of 3.25 billion shekels
Phoenix's investment values PowerGen at 3.25 billion shekels and is expected to yield the Generation fund a profit of up to 320 million shekels. This move is a key step in financing the acquisition of Shikun & Binui Energy and strengthens PowerGen's position as a leading player in the Israeli energy market.
Israel's Energy Market: PowerGen Deal Highlights Concentration Concerns
The 4.45 billion shekel acquisition of Shikun & Binui Energy by PowerGen has triggered regulatory scrutiny over market concentration. As electricity demand surges, the industry faces pressure to restructure ownership.
On the way to closing the giant deal of the energy market: the dispute that was resolved and the one that remains open
The Generation fund is nearing the acquisition of Shikun & Binui Energy for 4.2 billion shekels, after the parties reached understandings on the compensation mechanism in case the deal is not completed. Now the parties are preparing to finalize the last agreements and have the merger examined by regulators, who are concerned about the concentration in the electricity production sector.