ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 3.Jun.2026, Words: 154) — Independent power producer OPC Energy Ltd. entered into a financing agreement with Bank Leumi, pursuant to which the bank is expected to lead financing of approximately 80% of the construction cost of the ‘Hadera expansion’ project, currently estimated at $1.7bn-1.8bn.
The financing agreement represents a significant milestone in advancing the project and supports the company’s long-term growth strategy.
The loan will be provided for a term of 6-10 years and will bear interest at the prime rate (the benchmark lending rate in Israel, currently defined as the Bank of Israel rate plus 1.5%) plus a margin in the range of 0%-0.7%, depending on the loan term, OPC said on 3 Jun. 2026 in an official statement.
Repayment of the principal is scheduled to commence six years following the initial drawdown date.
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By Chad Archey reporting from Atlanta. © 1999-2026 Energy Analytics Institute (EAI). All Rights Reserved.
