Kenon (KEN) has released an update.
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OPC Energy Ltd. reports a robust first quarter with significant advancements in their energy projects, including a 44% increase in adjusted EBITDA in Israel and the signing of a non-binding memorandum with Intel for a new power plant. The company is also progressing with the Ramat Beka solar project and navigating government decisions, such as the rejection of the Hadera 2 project and new arrangements for Rotem’s supply license. Additionally, a partnership with Partner Communications Ltd. has been established to sell electricity to household consumers and small businesses.
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