Kenon’s OPC Energy Eyes Expanded Power Plant Stakes

Kenon (KEN) has released an update.

Kenon Holdings Ltd. has announced that its subsidiary, OPC Energy Ltd., is negotiating to increase its stakes in two natural gas-fired power plants, with a potential total investment of $210 million to $240 million. If the acquisitions are successful, the deals, expected to be finalized in the second half of 2024, would significantly boost OPC’s ownership interests in the projects without resulting in full ownership. The completion of these acquisitions is currently uncertain and subject to ongoing negotiations and various risks.

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