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Generation acquires 25% of Electra’s energy storage facility at Gilboa for NIS 220 million
December 2021
Electra Ltd., has signed an agreement to sell 25.5% of its shares in PSP Investments Ltd. to the Infrastructure and Energy Fund Generation Capital, for NIS 220 million.
PSP Investments is the owner of a hydroelectric pumped-storage power plant located in the Gilboa area with an installed capacity of 300 megawatts. This is the first facility in Israel to operate via a pumped-storage method.
Electra was represented by partners Shay Dayan and Yoav Dankner from our Corporate and M&A Department, along with attorneys Mohammad Bassam and Mor Elboym from our firm’s Energy and Infrastructure Department.
To read the full article in Calcalist in Hebrew, click here.
