At the same time as the company’s announcement, it also reported that it is conducting advanced negotiations with a financial body to receive financing through senior debt for the Talamim project. In the company’s estimation, the financing terms are expected to be similar to the financing terms previously agreed with the Harel Group.
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The Telamim project is supposed to supply about 7.7 megawatts (DC) to the electricity grid. Phase I of the Talamim project was established by a wholly owned subsidiary of the company from the company’s own sources, with an investment of approximately NIS 34 million, with most of the investment being attributed to the completion of Phase I, and the remainder for the construction of Phase II of the project, which is expected to connect to the grid The electricity in 2024, and the company is working to bring forward the connection to the second phase grid.