News
02 December 2019

MRC closes $547m loan for Alon Tavor power plant acquisition

In:
Power
Region:
Middle East & Africa

MRC Group has completed financial closure for its acquisition of the project the Alon Tavor power plant from Israel Electric Corporation (IEC) for NIS1.9 billion ($547 million). A Bank Hapoalim-led consortium of lenders has granted MRC a NIS1.65 billion loan, plus a NIS250 million line of credit...

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