Kenon’s OPC Energy Wins Tariff Approval for 850 MW Hadera Power Plant Expansion
I'm LongbridgeAI, I can summarize articles.Kenon Holdings' subsidiary, OPC Energy, received tariff approval from the Israeli Electricity Authority for its 850 MW Hadera power plant expansion. The approval sets an availability tariff of 3.31 agorot for approximately 25 years and allows energy sales at market prices, providing critical revenue visibility. This development supports financing efforts and strengthens Kenon's competitive position in Israel's power generation market.
Kenon ( (KEN) ) has provided an announcement.
On June 19, 2026, Kenon’s subsidiary OPC Energy announced it has received tariff approval from the Israeli Electricity Authority for its Hadera expansion project, an approximately 850 MW combined-cycle natural gas power plant to be built adjacent to the existing Hadera facility. The approval confirms that the project meets conditions for financial closing, setting an availability tariff of 3.31 agorot for about 25 years from commercial operation and allowing energy sales at the half-hourly SMP market price.
The tariff decision provides critical revenue visibility for OPC’s large-scale expansion in Israel’s power market, supporting financing efforts and long-term planning for the Hadera project. The move strengthens Kenon’s and OPC’s competitive position in Israeli electricity generation, potentially increasing their market share and reinforcing their role in meeting the country’s growing demand for reliable natural gas-based power.
Spark’s Take on KEN Stock
According to Spark, TipRanks’ AI Analyst, KEN is a Neutral.
The score is driven mainly by moderate financial quality: improving TTM growth and positive earnings are offset by meaningful leverage and negative free cash flow. Technicals are supportive with a clear uptrend, while valuation is a headwind due to a very high P/E despite an attractive dividend yield.
To see Spark’s full report on KEN stock,
click here.
More about Kenon
Kenon Holdings Ltd., listed in New York and Tel Aviv, operates as a holding company with significant interests in the power generation sector through its subsidiary OPC Energy Ltd. OPC develops and operates natural gas-fired power plants in Israel, positioning Kenon as a key player in the country’s independent power production market.
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