Zomet Project

In March 2018 the Company completed acquisition of 95% of the share capital of Zomet.
Zomet is advancing a project for construction of a conventional, open cycle power plant powered by natural gas with a capacity of 396 MW.

On September 2018, Zomet signed a planning, procurement and construction agreement (EPC) with PW Power Systems LLC, which is wholly held (directly and indirectly) by Mitsubishi Hitachi Power Systems, for construction of the Zomet project.

On January 2019, the company signed an agreement with the private shareholders in Zomet, who hold 5% of the shares of Zomet, whereby they will sell their shares in Zomet to the Company.