Energy is power
In November 2020, Edeltech was awarded a tender together with Shikun & Binui for the purchase of the Ramat Hovav power plant from the Israel Electric Corporation in the amount of NIS 4.2 billion. Keystone, in partnership with Menora Mivtachim, provided financing for Edeltech, partly with the option of future conversion to a 16.3% holding in the plant (indirectly).
The plant's existing infrastructure, located at a central infrastructure intersection of electricity, gas and diesel, enables easy and convenient transportation to and from it.
16.3% (based on an anticipated loan conversion)
Area of activity
Scope of investment
NIS 175 million
Menora Mivtachim, Edeltech, Shikun & Binui