ERM has advised the two leading Israeli energy companies, Tahal and the Noy Fund, together with the Hong Kong based Hutchison, on the financial closing of the 344 MW pumped storage energy project in Kochav HaYarden in the Jordan Valley, a matter of vital importance to the country’s energy security.
The ground-breaking NIS 2 billion energy project is one of the largest and most complex infrastructure projects in Israel and will have a huge impact on the country’s electricity sector, providing back up to the National Grid with 344MW available in less than two minutes.
The project follows our energy and infrastructure team also advising Tahal on the selling of its holding in the pumped-storage hydroelectricity project in Kochav HaYarden to the Noy Fund for approximately NIS 120 million.
Energy and Infrastructure practice
Epstein Rosenblum Maoz (ERM) is considered a market leader in the renewable energy market, regularly acting for many of the leading Israeli and international owners, developers, EPC contractors and financiers in this sector.