The management of OPC Energy Ltd. has opened trading this morning (Monday, 18 September) on the occasion of its Tel Aviv Stock Exchange (TASE) listing. The company deals with development, establishment and operation of power stations in Israel. It owns two power stations, one in Mishor Rotem and one in Hadera (under construction), both powered by natural gas. OPC Energy is the 13th company to have joined TASE this year. The 13 companies raised a total of approx. NIS 2.6 billion, and their total market value is approx. NIS 6.6 billion.
OPC Energy CEO, Giora Almogy: "OPC Energy will continue to lead the way in opening the electric market to competition through private entrepreneurs. In order to develop an efficient, modern electric market, the next few years will need to see significant investments. We believe that having access to the capital market is very important in terms of diversifying the company's funding resources, and of making them more efficient. We are delighted today to fully join TASE, and we believe OPC Energy is the harbinger of a rapidly-developing sector in the Israeli economy - a sector that will benefit hugely from the capital market in the coming years."
Hani Shitrit Bach, TASE SVP and Head of Listing & Economics Department: "OPC runs the energy operations in Israel for its parent company, IC Power Ltd. The latter is the energy arm of Kenon Holdings Ltd., which is also traded on TASE. The company joined TASE's energy sector, which consists of 6 companies with a total market value of approx. NIS 15 billion, and bonds valued at approx. NIS 20 billion. OPC raised approx. NIS 400 million, and its market value is approx. NIS 1.65 billion. It is the largest company among the new companies that joined TASE in 2017. The company's shares will be traded on the TA-90 Index and the TA-125 Index beginning on the October update."
Pictured from left to right:
Ittai Ben Zeev, TASE CEO; Yoav Doppelt, Director OPC; Giora Almogy, CEO OPC; Javier Garcia, Chairman of the Board of Directors OPC and Hani Shitrit Bach, TASE SVP and Head of Listing & Economics Department.
Photographer: Guy Assiag. photo free-of-charge.
