Kenon : OPC Energy Ltd., a Subsidiary of Kenon Holdings Ltd., Announces that the Special Purpose Corporation - Form 6-K
June 20, 2023 at 07:23 am EDT
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OPC Energy Ltd., a Subsidiary of Kenon Holdings Ltd., Announces that the Special Purpose Corporation
in which a subsidiary of OPC has a 50% interest was not the Winning Bidder in Tender to Acquire the
Eshkol Power Plant
Singapore, June 18, 2023. Kenon Holdings Ltd.'s (NYSE: KEN, TASE: KEN) ("Kenon") subsidiary OPC Energy Ltd. ("OPC") announced on May 22, 2023 that a special-purpose corporation (the "Bidder") that is owned equally by OPC Power Plants Ltd. (an 80% subsidiary of OPC) and a corporation held by the Noy Fund had filed a bid for the acquisition of the "Eshkol" power plant as part of a tender conducted by the Israel Electric Corporation.
OPC has announced that another party was declared the winning bidder, with an offer of NIS 12.4 billion, and the Bidder was declared the second qualifier, with an offer of NIS 7.1 billion.
In accordance with the documents for the tender, if the declaration of the winning bidder is cancelled, or if the engagement for a contract with the winning bidder is cancelled, the tender committee will be allowed to declare the second qualifier as the winner.
Caution Concerning Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about the results of the tender for the Eshkol power plant and other non-historical statements. These forward-looking statements are based on current expectations or beliefs, and are subject to uncertainty and changes in circumstances. These forward-looking statements are subject to a number of risks and uncertainties, which could cause the actual results to differ materially from those indicated in Kenon's forward-looking statements. Such risks include the risk that the second qualifier is not declared the winning bidder in the circumstances described above and other risks, including those set forth under the heading "Risk Factors" in Kenon's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. Except as required by law, Kenon undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.
Kenon Holdings Ltd. published this content on 20 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2023 11:22:49 UTC.
Kenon Holdings Ltd. is a Singapore-based holding company. The Company has two segments. Electricity and energy generation and supply in Israel segment generates and supplies energy, which includes electricity, steam and charging services for electric vehicles, mainly to private customers and to the System Operator, and in the development, construction and operation in Israel of power plants and energy generation facilities powered using natural gas and renewable energy. Generation and supply of electricity and energy in the United States segment develops, holds and manages power plants using renewable energy and conventional energy in the United States. The segment develops, constructs and manages renewable energy and conventional power plants in the United States and holds rights in renewable energy and conventional power plants that are operational and under construction. The segment also provides asset and energy management services for power plants in the United States.
KENON HOLDINGS LTD. 
