Adeltek group won the tender to purchase NIS 4.2 billion in the Ramat Hovav power plant

The Adeltek, Adelcom and Housing & Construction partnership won the tender to purchase NIS 4.2 billion in the Ramat Hovav power plant. This is according to the company's announcement to the stock exchange.
Ramat Hovav is considered to be a large station and with a production capacity of about 1,140 megawatts, which is about 8.7% of the electricity company's maximum production power. Like Alon Tavor, it is the first station sold as part of the electricity sector reform, also in Ramat Hovav there is an adjoining area intended for future expansion of more production power. In addition, the Ramat Hovav power plant will also be sold "clean", ie without the electricity company's expensive gas contract.
Last year, the Electricity Authority completed the regulation for the sale of Ramat Hovav, with an availability tariff in electricity production of about 3.76 agg per kilowatt / hour. The current sale is the second of a five-power sales obligation set to reform the electric company, with the next one supposed to be the Tel Aviv Reading Station.
Five tenders were submitted for the tender, including by activist groups such as OPC, Noy Foundation, Mivtach Shamik, CFO and the Chinese PMEC. The sale of 1750 megawatts, which is about 13 percent of its production power before the reform, has already passed to the private market, and at present the distribution of electricity production is 65% of the electricity company and the rest of the private market. Dropped to only about thirty percent.
Yuval Steinitz, Minister of Energy: "This is another tremendous success of the electricity company reform, on the way to abolishing the monopoly on electricity production. The production, competition, efficiency and dramatic reduction in air pollution throughout the State of Israel. "
Yiftach Ron Tal, Chairman of the Board of Directors of the Electric Company, added that "The Electric Company is leading a competition that will reduce the electricity tariff and lower the cost of living, and help Israeli citizens facing financial difficulties at the time of the Corona crisis."
Ofer Bloch, CEO of the Israel Electric Company concluded: "This time too, the numbers speak for themselves.
The reform promotes the reduction of electricity tariffs and economic growth, a particularly significant step in a sensitive period for the Israeli economy. We thank the IEC for expressing their trust in us and our partner, the Adltec Group.
Niv Sever, Deputy CEO of Adletec Group: "Winning the tender places Adeltec Group as the largest private energy group in Israel. We are facing the significant challenge and are committed to continuing to apply in Ramat Hovav the same international operational and quality standards that we have brought to the electricity economy in Dorad, Ramat Negev and Ashdod. Together with the Shikun and Binui Group, and in combining the professional capabilities and experience of both groups, we will continue to work for the efficient, advanced and competitive development of the electricity sector in Israel. "