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Jun 15, 2020

HFN Advised IEC -Israel Electric Corporation

Our client -IEC - Israel Electric Corporation has announced that a partnership of Edelcom, Edeltech and Shikun & Binui is the winning bidder in the tender for the sale of the 1,140 MW Ramat Hovav power plant for a price of approximately NIS 4.2 billion. The sale is another step in the implementation of the structural reform in the energy sector following last year's sale of the Alon Tavor power plant by IEC.

Kudos our teams who advised IEC in the negotiations and sale, from the project finance, environment and corporate departments: our partners Mark Phillips, Dr. Ruth Dagan, Hen Tirosh, and Nir Dash, and advocates Lidor Alfandri and Tal Carmeli
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