#Israel #Tel Aviv #OPC Energy #Hadera Expansion #Israel Energy

OPC Energy Achieves Milestones for Hadera Expansion Project

OPC Energy Ltd., an independent power producer situated in Israel and the U.S., has made significant strides in the progression of its Hadera Expansion project. On June 18, 2026, the company received vital capacity tariff approval from the Israeli Electricity Authority, a key step in the development of the project titled Resolution No. 70804, which concerns the regulation of conventional generation units. The project aims to bolster OPC Energy's generation capacity amid the growing demand for electricity in Israel's dynamic energy marketplace.

Notably, the approvals signify the company's compliance with the regulatory framework necessary for the Hadera Expansion. This initiative will allow OPC Energy to earn a capacity tariff for an anticipated duration of approximately 25 years post-commercial operation, set at a rate of 3.31 agorot. Additionally, revenue will be generated through the sale of energy offered at the half-hourly System Marginal Price (SMP) rate.

The Hadera Expansion is poised to become an ~850 MW natural gas-fired combined cycle power plant positioned next to the company's existing Hadera facility. The total projected construction cost is estimated to fall in the range of $1.7 to $1.8 billion. In alignment with this, OPC Energy has previously announced a financing partnership with Bank Leumi, positioning senior debt to cover roughly 80% of total project expenditures. Furthermore, they have signed an Engineering, Procurement, and Construction (EPC) agreement with a joint venture that combines international expertise in handling large-scale infrastructure projects.

This development reflects not only the company’s commitment to enhancing its infrastructural capabilities but also its readiness to cater to the rising electricity demands within the Israeli market.

About OPC Energy

Founded as a principal player in the energy sector, OPC Energy Ltd. (TASE: OPCE) excels in providing efficient, sustainable solution for electricity generation. Striking a balance between high-efficiency natural gas production and renewable energy resources such as solar and wind, OPC positions itself as a prominent force in promoting energy transition practices.

In the Israeli market, OPC leads as the foremost private electricity producer, diligently working toward meeting customer energy needs through comprehensive production sites and tailored client installations. The company’s trajectory illustrates its dynamic expansion strategy across Israel’s electricity landscape, integrating both renewable and natural gas projects to satisfy evolving energy requirements.

In the United States, the OPC operates through its subsidiary, CPV Group. With over 25 years of successful project development experience, CPV is dedicated to driving its portfolio focused on 15 GW of renewable and natural gas initiatives. The company aims to leverage its extensive know-how to further enhance its contributions to both the energy market and environmental objectives.

As the Hadera Expansion project prepares to move toward construction, the approvals attained are underscored as a crucial milestone, illustrating OPC Energy's progress in advancing its strategic objectives in the energy landscape.

For more detailed insights into OPC Energy's operations and projects, visit www.opc-energy.com/en.