There are three big names in Israel independent power production (IPP) market: OPC Rotem Ltd., owned by Israel Corp and Veolia Environment subsidiary Dalkia Israel Ltd., which established a 420-MW plant at Mishor Rotem (became operational in 2013), and whose capacity may be doubled; Dalia Power owned by Hiram Epsilon Ltd., Israel Infrastructures Fund (IFF) and Energy Economy Ltd, which is due to become operational at Zafit in 2015 and the 840-MW Dorad plant, owned by EAPC/Katza, Turkish conglomerate Zorlu Industrial and Energy Holding AS (the project contractor), Adeltech Ltd. unit Adelcom Ltd., and Uri Dori Engineering which came on line in 2014.

A few days before the financial closing, Ellomay Capital, controlled by former Bank Hapoalim chairman Shlomo Nehama, signed an agreement to acquire 40% of Dori subsidiary Dori Energy Infrastructures Ltd. for NIS 50 million. Ellomay also paid Dori Energy’s NIS 200 million in shareholders’ equity and guarantees for Dorad’s power plant project.

Jan 9th and 10th 2012 – Tamar signed GSA with Dalia Power to sell 1.38 bcm of gas for up to 17 years for a total of $5 billion followed by a GSA with Ramat Negev and Ashdod Energy units of Israel’s Edeltech Group (58%) and Turkey’s Zorlu Enerji Elektrik Uretim A.S. (42 per cent) for a total to these two entities of 0.33 bcm a year.